Brinks Co Stock Price, News & Analysis

The Brink's Company (NYSE:BCO) has announced a quarterly dividend of 20 cents per share on its common stock. This dividend is scheduled for payment on March 1, 2023, to shareholders registered by February 6, 2023. Known for its leadership in total cash management and secure logistics, Brink's operates in 53 countries, catering to a diverse customer base, including financial institutions and retailers.

The Brink’s Company (NYSE:BCO) announced the appointment of Jesse Jenkins as vice president of investor relations, succeeding Ed Cunningham, who retires after 17 years. Jenkins previously led investor relations at Terminix and has extensive finance experience from ServiceMaster Global Holdings. This transition aims to maintain continuity in investor relations, ensuring a smooth handover of responsibilities.

The Brink's Company is the leader in total cash management and secure logistics, operating in 53 countries and serving clients worldwide.

The Brink's Company (NYSE: BCO) reported a 6% increase in revenue for Q3 2022, supported by 13% organic growth. Adjusted EBITDA rose by 11% to $189 million, with GAAP net income up 1% to $19 million. The company anticipates $40 million in profit growth from restructuring efforts in 2023 and has affirmed its EBITDA and EPS guidance despite revenue outlook adjustments due to foreign exchange impacts. The NoteMachine acquisition for $179 million is expected to enhance earnings by $0.04 per share in Q4.

The Brink's Company (NYSE:BCO) will host a conference call on October 26, 2022, at 8:30 a.m. (ET) to discuss its third-quarter financial results, which will be released that same day. Participants can join the call by dialing 888-349-0094 (U.S.) or 412-902-0124 (international), and are encouraged to connect five minutes early. A replay will be available until November 2, 2022. Brink's provides secure logistics and cash management services globally, serving customers in over 100 countries.

Corsair has completed a deal to sell the UK ATM and TestLink divisions of NoteMachine Group Holdings to a subsidiary of The Brink’s Company as of October 3, 2022. Corsair has worked closely with NoteMachine to enhance its operations, leading to considerable EBITDA growth through various strategic initiatives. Post-transaction, Corsair's focus will shift primarily to Eurochange Limited, which offers foreign currency and international payment solutions. The partnership has significantly increased NoteMachine's scale, processing 29 million transactions and handling £14 billion annually.

The Brink’s Company (NYSE:BCO) has acquired NoteMachine, a leading UK ATM network, for approximately $179 million, representing a multiple of 5.0 times adjusted EBITDA. NoteMachine recorded $131 million in revenue and $36 million in adjusted EBITDA for the year ending June 30, 2022. This acquisition, expected to enhance earnings in the first year, expands Brink’s ATM managed services to about 130,000 ATMs globally. The purchase was funded through cash reserves and existing credit facilities, reflecting Brink’s commitment to growth in the ATM sector.

The Brink’s Company (NYSE:BCO) announced the appointment of Keith R. Wyche to its board of directors, effective December 7, 2022. This expands the board to 10 members. Wyche, who currently serves as Walmart's vice president of Community Engagement and Support, brings extensive experience in technology, manufacturing, and retail. He aims to enhance Brink's growth strategy and digital cash management initiatives. Wyche's leadership background includes roles at Pitney Bowes and Convergys, alongside various board positions in nonprofit organizations.

The Brink's Company (NYSE:BCO) announced a quarterly dividend of 20 cents per share, payable on December 1, 2022. Shareholders of record by November 7, 2022 will receive this payment. Brink's is a leader in secure logistics and cash management, serving clients in over 100 countries through operations in 53 countries. The company's services include cash-in-transit, ATM services, and vault outsourcing.

Brink's Company (NYSE:BCO) announced the appointment of Kurt McMaken as Chief Financial Officer, effective August 24, 2022. He succeeds Ron Domanico, who will support the transition and continue as president of Brink's Capital until his retirement in June 2023. McMaken brings extensive experience from Eaton Corporation, where he held senior finance roles. CEO Mark Eubanks expressed confidence in McMaken's leadership for ongoing growth and value creation amidst dynamic market conditions.