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) has officially appointed Mark Eubanks as its new CEO effective May 6, 2022, completing the previously announced succession plan. Eubanks, who joined Brink's in September 2021, succeeds Doug Pertz, who has led the company since July 2016 and will transition to executive chairman. Under Pertz's leadership, Brink's experienced significant growth, achieving double-digit revenue growth and margin improvements. The board expresses strong confidence in Eubanks to continue executing the company's strategic initiatives, including the acceleration of digital cash payments.
Courtyard has partnered with Brink's to create a secure platform for physically-backed NFTs. Brink's will provide storage for assets linked to NFTs, starting with 1,000 graded Pokémon cards. This partnership aims to enhance reliability in trading collectibles, addressing common issues in physical asset trading. The genesis NFT drop is scheduled for March, with plans to include various collectible items. Courtyard aims to transform the $370B collectible market, providing liquidity and solving trade friction through blockchain technology.
The Brink's Company (NYSE: BCO) announced strong financial results for Q4 and FY 2021, with revenue increasing 7% to $1,098M, operating profit up 30% to $146M, and GAAP net income rising 97% to $50M. Expectations for 2022 include revenue growth of 8-11% and operating profit growth of 16-23%. Furthermore, EPS is projected to rise to $3.95-$4.35. The company emphasizes resilience in cash management amidst recovering retail markets and strategic digital solutions.
The Brink's Company (NYSE: BCO) will host a conference call on February 23, 2022, at 8:30 a.m. (ET) to discuss its fourth-quarter and full-year 2021 financial results. Participants can join the call by calling 888-349-0094 in the U.S. or 412-902-0124 internationally, and should log in at least five minutes early. A replay will be available until March 2, 2022. Brink's is a leader in total cash management and secure logistics, offering services to various sectors including financial institutions and retailers, operating in 53 countries worldwide.
The Brink's Company (NYSE:BCO) has declared a quarterly dividend of 20 cents per share on its common stock. This dividend is scheduled for payment on March 1, 2022, to shareholders recorded by February 7, 2022. Brink's is recognized as a leader in total cash management and secure logistics, serving a diverse clientele across 53 countries and over 100 countries globally. Its offerings include cash-in-transit services, ATM services, and cash management solutions.
Priority Technology Holdings (NASDAQ: PRTH) and The Brink's Company (NYSE: BCO) have partnered to integrate Priority's payment processing capabilities with Brink's new digital cash solution, BLUbeem™. This collaboration allows over 250,000 merchants on Priority's platform to process cash payments efficiently, addressing the 20-25% of transactions made in cash. The partnership aims to enhance customer services, improve retention, and expand into new market channels.
The Brink's Company (NYSE:BCO) has launched BLUbeem, a new digital cash payment solution aimed at enhancing cash processing similar to debit and credit transactions. Customers can make cash deposits using a mobile app linked to a secure device at their site, with funds credited to their chosen bank account. The company plans to integrate BLUbeem into point-of-sale systems, targeting the estimated 1.6 million U.S. retail locations lacking effective cash solutions. This initiative is expected to streamline cash handling, improve fund accessibility, and reduce transaction fees for merchants.
The Brink's Company (NYSE:BCO) announced its strategic plan and financial targets for 2024 during its Investor Day. The company aims for an annual organic revenue growth of at least 7%, targeting revenue between $5.3 billion and $5.5 billion by 2024, with adjusted EBITDA around $1 billion. A key focus is the introduction of digital cash payment solutions, expected to contribute 10% to total revenue. Management affirmed its 2021 guidance and 2022 targets, with anticipated adjusted EBITDA for 2022 between $785 million and $825 million.
The Brink's Company (NYSE: BCO) will host a virtual Investor Day on December 15, 2021, starting at 8:30 a.m. ET. Senior management will present the company’s strategic plan and financial targets for 2022-2024, followed by a live Q&A session. Interested participants should access the live webcast via the Brink's Investor Relations page at least 15 minutes before the event. The presentation will also be available for replay after the event on the same page.
The Brink's Company (NYSE:BCO) has announced the promotion of Lindsay Blackwood to executive vice president and general counsel, effective immediately. Blackwood, who joined Brink's in 2012, previously held the role of assistant general counsel and vice president, associate general counsel. She has also served as corporate secretary since 2013. Brink's CEO Doug Pertz praised her legal guidance, particularly in corporate governance and the development of tech-enabled cash management solutions. This leadership change aims to strengthen the company's legal and regulatory strategy.