Welcome to our dedicated page for Brinks news (Ticker: BCO), a resource for investors and traders seeking the latest updates and insights on Brinks stock.
The Brink's Company reports developments tied to its global cash and valuables management business, digital retail solutions and ATM managed services. News commonly covers financial results, segment performance, recurring AMS and DRS customer offerings, and activity across customer groups that include financial institutions, retailers, government agencies, mints, jewelers and commercial operations.
Company updates also include capital-structure and shareholder-return actions such as dividends and share repurchases, along with governance matters, shareholder voting items, material agreements and risk disclosures. Brink's operates through a global network spanning North America, Latin America, Europe and other international markets.
Brink's Company (NYSE:BCO) announced its plan to offer $400 million in senior unsecured notes with a 5-year term. The proceeds will be used to redeem or repurchase the company's outstanding 5.500% Senior Notes due 2025 and temporarily repay amounts under its $1 billion revolving credit facility. These notes are not registered under the Securities Act of 1933 and will only be offered to qualified institutional buyers.
The Brink's Company (NYSE:BCO) announced strong first-quarter results with a 4% revenue growth and 12% organic growth. GAAP net income increased by 229% to $49M, adjusted EBITDA surged by 15% to $218M, and EPS grew by 263% to $1.09. Non-GAAP EPS rose by 20% to $1.52. The company's TTM GAAP Net Cash from Operations increased by 56% to $800M, with non-GAAP Free Cash Flow up 61% to $363M. First-quarter results showcased robust organic revenue growth, with AMS and DRS segments seeing significant acceleration. Adjusted EBITDA margins expanded by 160 basis-points, reflecting the highest first-quarter margins reported. With a positive outlook for 2024, the company is confident in its value proposition and ability to deliver shareholder value.
The Brink's Company (NYSE:BCO) has declared a 10% increase in its regular quarterly dividend on common stock, from 22 cents per share to 24.25 cents per share. The dividend will be payable on June 3, 2024, to shareholders of record on May 13, 2024. Mark Eubanks, president and CEO, highlighted the company's operational performance, future outlook, and commitment to shareholder value.
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