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.
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.
The Brink's Company (NYSE:BCO) reported strong second-quarter results, with revenue increasing by 8% and organic growth at 13%. Operating profit grew 32% to $97M, while GAAP net income surged 47% to $35M. Adjusted EBITDA rose 13% to $187M, and EPS increased 55% to $0.73. The company anticipates continued momentum in the second half, affirming its full-year guidance, projecting revenues between $4.52B and $4.67B for 2022.
The Brink's Company (NYSE:BCO) announced a quarterly dividend of 20 cents per share, payable on September 1, 2022, to shareholders of record on August 8, 2022.
This announcement aligns with the company's ongoing commitment to returning value to its shareholders.
The Brink’s Company (NYSE:BCO), a leader in cash management and secure logistics, will host a conference call on August 3, 2022, at 8:30 a.m. ET. This call will discuss the second-quarter financial results, to be released earlier that day. Participants can join via phone or live webcast, with pre-registration available for direct dial-in details. A replay will be accessible until August 10, 2022. Brink’s operates globally, serving customers in over 100 countries, providing services such as cash-in-transit and ATM management.