Welcome to our dedicated page for Brinks Co news (Ticker: BCO), a resource for investors and traders seeking the latest updates and insights on Brinks Co stock.
The Brink’s Company (NYSE: BCO) is frequently in the news for developments in cash and valuables management, digital retail solutions (DRS), and ATM managed services (AMS)
Investors following BCO news will see regular updates on quarterly financial results, including revenue trends, organic growth, segment performance across North America, Latin America, Europe and Rest of World, and metrics such as adjusted EBITDA and free cash flow conversion. Brink’s often discusses the growth of its AMS and DRS offerings, noting organic growth rates in these services and their contribution to a higher mix of recurring revenue and margin expansion.
News items also cover capital allocation decisions such as share repurchase programs and dividend declarations. For example, Brink’s announced a $750 million share repurchase authorization approved by its board of directors and has reported on the retirement of shares and capital returned to shareholders through dividends and repurchases. Dividend announcements specify regular quarterly payments on the company’s common stock.
Operational and strategic updates appear in Brink’s news flow as well. The company has reported a strategic investment in KAL ATM Software to support its AMS strategy and has highlighted deployments of joint ATM solutions in regions such as Asia, the United Kingdom and the Middle East. Brink’s has also been featured in media coverage that emphasizes its long history in secure commerce and its efforts to combine traditional cash and valuables handling with digital innovation.
In addition, Brink’s issues releases about conference calls and earnings webcasts, providing dial-in details and access information for investors and analysts. By reviewing the BCO news feed, readers can track how the company communicates its financial performance, strategic priorities, technology partnerships and shareholder return activities over time.
Brink's (NYSE:BCO) reported strong financial results for 2024, achieving record revenue with 3% growth and 12% organic growth. The company demonstrated robust organic growth of 23% in AMS/DRS and 9% in CVM segments. Key financial highlights include:
- Cash from operations: $426M
- Free cash flow: $400M
- Shareholder returns: $245M
The company reached settlements with DOJ and FinCEN regarding historical cross-border currency shipments (2018-2020), resulting in a $38M charge in Q4 2024 and total charges of $45.7M for the full year, impacting EPS by $0.86 and $1.02 respectively. Brink's has since strengthened its global Ethics & Compliance program.
Brink's Global Services USA (BGS USA) has reached settlements with the U.S. Department of Justice (DOJ) and Financial Crimes Enforcement Network (FinCEN) regarding historical cross-border currency shipments and federal money-transmitting law compliance. The company will pay $42 million over three years under a Non-Prosecution Agreement with DOJ and a Consent Order with FinCEN.
The resolution addresses currency shipments from 2018 through 2020, not involving Federal Reserve funds or federally regulated financial institutions. Following the DOJ investigation in 2020, Brink's conducted an internal review and enhanced its global Ethics & Compliance program. The company will treat the settlement amounts as special items in its 2024 financial statements, excluding them from non-GAAP results, maintaining its previously provided 2024 guidance.
Brink's Company (NYSE:BCO) has announced it will release its fourth-quarter and full year 2024 financial results on Wednesday, February 26, 2025. The company will host a conference call at 9:00 a.m. (ET) on the same day to review the results.
Participants can join the call by dialing 888-349-0094 (U.S.) or 412-902-0124 (international), with pre-registration available. The call will also be accessible via live webcast. A replay will be available through March 5, 2025, via phone and webcast on the Brink's Investor Relations site.
Brink's Company (NYSE:BCO) has announced its board of directors has declared a regular quarterly dividend of $0.2425 per share on the company's common stock. The dividend will be paid on March 3, 2025, to shareholders of record as of February 3, 2025.
Brink's Company (NYSE:BCO) has appointed Guillermo Peschard Mijares as executive vice president and president of Brink's Latin America (LATAM), effective December 2, 2024. Peschard joins from PepsiCo, where he served as senior vice president of Global Strategic Cost Transformation and previously as chief strategy officer for Latin America. His prior experience includes leadership roles at Walmart Mexico and Central America as GM & SVP of Financial Services and Chairman of Banco Walmart. The appointment aims to leverage Peschard's expertise in transformative growth, operational excellence, and strategic innovation to strengthen Brink's LATAM operations.
Brink's Company (NYSE:BCO) reported Q3 2024 results with revenue growth of 3% to $1,259 million, driven by 26% organic growth in ATM managed services and digital retail solutions. Operating profit decreased 19% to $112 million, impacted by a strengthening US dollar and market headwinds in global services. The company experienced a $10 million increase in security losses due to a large loss event. EPS declined 33% to $0.65. The company updated its 2024 guidance, now expecting revenues of $5,000-5,050 million and adjusted EBITDA of $900-920 million, with AMS and DRS organic growth projected at over 20%.
The Brink's Company (NYSE:BCO), a global leader in cash and valuables management, digital retail solutions, and ATM managed services, has announced its upcoming third-quarter 2024 earnings release and conference call. The financial results will be released on November 6, 2024, followed by a conference call at 9:00 a.m. (ET) to review the results.
Interested parties can access the call by dialing 888-349-0094 (U.S.) or 412-902-0124 (international). Pre-registration is available, and participants are advised to join at least five minutes before the call starts. A live webcast will also be accessible. A replay of the call will be available until November 13, 2024, and a webcast replay will be posted on the Brink's Investor Relations site.
The Brink's Company (NYSE:BCO) has announced the appointment of Nader Antar as EVP and President of Brink's Global Services (BGS), effective October 1, 2024. Antar, a global business leader with over 20 years of experience, will report to CEO Mark Eubanks and join the executive leadership team. He succeeds Dominik Bossart, who stepped down on September 30, 2024, after 25 years with the company.
Antar's extensive experience includes leading complex P&Ls across Europe, Middle East, and Africa, with a background in transformation and change management. He most recently served as President of Saur International in France. CEO Mark Eubanks expressed confidence in Antar's ability to lead the BGS business, citing his innovative approach and people-centric decision-making.
The Brink's Company (NYSE:BCO) has announced a long-term ATM managed services agreement with Sainsbury's. Through this partnership, NoteMachine, a Brink's Company, will take ownership and management of Sainsbury's ATM business, which includes approximately 1,370 ATMs in retail stores across the United Kingdom. NoteMachine will provide a comprehensive range of ATM managed services, including transaction processing, cash replenishment, maintenance, and more. The onboarding process is expected to be completed by May 2025.
This partnership aligns with Brink's mission to enhance banking accessibility and convenience. Sainsbury's CEO Simon Roberts expressed confidence in NoteMachine as the right partner, emphasizing the continued provision of free cash access for customers while simplifying their banking business and reducing costs.
The Brink's Company (NYSE:BCO) has announced a regular quarterly dividend of $0.2425 per share on its common stock. This dividend declaration was made by the company's board of directors on September 19, 2024. Shareholders who are on record as of November 4, 2024, will be eligible to receive the dividend payment, which is scheduled for December 2, 2024. This announcement demonstrates Brink's commitment to providing regular returns to its shareholders through dividend distributions.