Have you evaluated the performance of Brink's' (BCO - Free Report) international operations for the quarter ending June 2026? Given the extensive global presence of this armored car company, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.
In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For investors, the key is to grasp how reliant a company is on overseas markets, as this provides insights into the durability of its earnings, its ability to exploit different economic cycles, and its overall growth capabilities.
International market involvement serves as insurance against economic downturns at home and enables engagement with economies that are growing more quickly. Still, this move toward diversification is not without its challenges, as it involves navigating through the fluctuations of currencies, geopolitical threats, and the distinctive nature of various markets.
While analyzing BCO's performance for the last quarter, we found some intriguing trends in revenues from its overseas segments that Wall Street analysts commonly model and monitor.
The company's total revenue for the quarter amounted to $1.39 billion, marking an increase of 7% from the year-ago quarter. We will next turn our attention to dissecting BCO's international revenue to get a clearer picture of how significant its operations are outside its main base.
Exploring BCO's International Revenue PatternsOf the total revenue, $352 million came from Latin America during the last fiscal quarter, accounting for 25.3%. This represented a surprise of +1.15% as analysts had expected the region to contribute $348 million to the total revenue. In comparison, the region contributed $344 million, or 25%, and $319 million, or 24.5%, to total revenue in the previous and year-ago quarters, respectively.
During the quarter, Europe contributed $377 million in revenue, making up 27.1% of the total revenue. When compared to the consensus estimate of $387 million, this meant a surprise of -2.58%. Looking back, Europe contributed $366 million, or 26.6%, in the previous quarter, and $338 million, or 26%, in the same quarter of the previous year.
Rest of World accounted for 15.7% of the company's total revenue during the quarter, translating to $219 million. Revenues from this region represented a surprise of +14.66%, with Wall Street analysts collectively expecting $191 million. When compared to the preceding quarter and the same quarter in the previous year, Rest of World contributed $226 million (16.4%) and $209 million (16.1%) to the total revenue, respectively.
Projected Revenues in Foreign MarketsWall Street analysts expect Brink's to report a total revenue of $1.39 billion in the current fiscal quarter, which suggests an increase of 4.3% from the prior-year quarter. Revenue shares from Latin America, Europe and Rest of World are predicted to be 25.6%, 28.3%, and 14%, corresponding to amounts of $356 million, $394 million, and $195 million, respectively.
For the entire year, the company's total revenue is forecasted to be $5.59 billion, which is an improvement of 6.2% from the previous year. The revenue contributions from different regions are expected as follows: Latin America will contribute 25.3% ($1.41 billion), Europe 27.7% ($1.55 billion) and Rest of World 14.6% ($813 million) to the total revenue.
Final ThoughtsRelying on international markets for revenues, Brink's faces both prospects and perils. Thus, tracking the company's international revenue trends is essential for accurately projecting its future trajectory.
In an era of growing international interdependencies and escalating geopolitical disputes, Wall Street analysts are vigilant in tracking these trends for businesses with a global reach, in order to refine their predictions of earnings. It should be noted, however, that a multitude of other elements, such as a company's domestic position, also play a significant role in shaping the earnings forecasts.
At Zacks, we place significant importance on a company's evolving earnings outlook. This is based on empirical evidence demonstrating its strong influence on a stock's short-term price movements. Invariably, there exists a positive relationship -- an upward revision in earnings estimates is typically mirrored by a rise in the stock price.
The Zacks Rank, our proprietary stock rating mechanism, demonstrates a notable performance history confirmed through external audits. It effectively utilizes the power of earnings estimate revisions to act as a predictor of a stock's price performance in the near term.
Brink's currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Brink's' Recent Stock Market PerformanceOver the preceding four weeks, the stock's value has appreciated by 7.6%, against an upturn of 3.4% in the Zacks S&P 500 composite. In parallel, the Zacks Business Services sector, which counts Brink's among its entities, has appreciated by 1.9%. Over the past three months, the company's shares have seen an increase of 8.1% versus the S&P 500's 6% increase. The sector overall has witnessed an increase of 3.5% over the same period.
Arrowstreet Capital Limited Partnership purchased a new position in shares of Brink’s Company (The) (NYSE:BCO – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,905 shares of the business services provider’s stock, valued at approximately $1,441,000.
A number of other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Brink’s in the fourth quarter valued at $61,105,000. Simcoe Capital Management LLC bought a new stake in shares of Brink’s in the 2nd quarter worth approximately $43,465,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Brink’s by 385,161.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 446,903 shares of the business services provider’s stock worth $52,167,000 after buying an additional 446,787 shares in the last quarter. Nuveen LLC grew its position in Brink’s by 229.7% in the fourth quarter. Nuveen LLC now owns 420,297 shares of the business services provider’s stock worth $49,061,000 after buying an additional 292,829 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Brink’s by 36.4% in the fourth quarter. First Trust Advisors LP now owns 819,381 shares of the business services provider’s stock valued at $95,646,000 after buying an additional 218,716 shares in the last quarter. 94.96% of the stock is owned by institutional investors and hedge funds.
Brink’s Price Performance Shares of BCO opened at $115.90 on Thursday. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 27.08 and a beta of 1.04. Brink’s Company has a fifty-two week low of $91.05 and a fifty-two week high of $136.37. The company has a debt-to-equity ratio of 9.75, a current ratio of 1.53 and a quick ratio of 1.53. The business’s 50-day moving average is $106.61 and its 200-day moving average is $111.60.
Brink’s (NYSE:BCO – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.04 by $0.09. Brink’s had a net margin of 3.35% and a return on equity of 87.38%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the company posted $1.79 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Brink’s has set its Q3 2026 guidance at 2.230-2.630 EPS. Equities research analysts expect that Brink’s Company will post 9.14 EPS for the current fiscal year.
Brink’s Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, July 27th will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, July 27th. Brink’s’s payout ratio is currently 23.83%.
Trending Headlines about Brink’s Here are the key news stories impacting Brink’s this week:
Positive Sentiment: Brink’s reported second-quarter adjusted EPS of $2.13, exceeding analyst estimates of approximately $2.04–$2.05 and rising from $1.79 a year earlier. Revenue increased 7% year over year, while adjusted EBITDA grew 11%. Brink’s Delivers Strong Second-Quarter Results Positive Sentiment: The company said revenue growth reflected the 14th consecutive quarter of mid-teens-or-better organic growth in its ATM Managed Services and Digital Retail Solutions businesses, supporting the case for continued expansion in higher-growth operations. The Brink’s Company 2026 Q2 Results Presentation Positive Sentiment: Brink’s indicated that the expected acquisition of NCR Atleos is progressing more quickly as regulatory momentum improves. Faster completion could strengthen the company’s ATM-services platform, although the transaction remains subject to regulatory and closing conditions. Brink’s Q2 2026 Earnings Call Transcript Neutral Sentiment: Third-quarter adjusted EPS guidance of $2.23–$2.63 has a midpoint of $2.43, essentially matching the $2.42 consensus estimate. Revenue guidance of about $1.4 billion also aligned with expectations, offering limited near-term evidence of an earnings forecast upgrade. Brink’s Q2 Earnings and Revenues Surpass Estimates Negative Sentiment: Although the quarter beat estimates, net income increased only 2% and the company continues to carry substantial leverage, which may temper investor enthusiasm and help explain the weaker share-price reaction. Analyst Ratings Changes Several research firms have recently weighed in on BCO. Weiss Ratings lowered Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Wall Street Zen lowered Brink’s from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $154.00.
Check Out Our Latest Analysis on BCO
Brink’s Profile (Free Report)
The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.
Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.
Featured Stories Five stocks we like better than Brink’s SpaceX: Love the Company, But the Stock Is a Harder Call Ulta’s Growth Is Real, But So Are the Risks BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth Want to see what other hedge funds are holding BCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brink’s Company (The) (NYSE:BCO – Free Report).
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Amid Tech Volatility, These 3 Stocks Are Up & Boosting BuybacksBrink's NYSE: BCO reported second-quarter results marked by 4% organic revenue growth, a 14% increase in ATM Managed Services and Digital Retail Solutions revenue, and record second-quarter operating and EBITDA margins, while raising its full-year profit expectations.
Chief Executive Officer Mark Eubanks said the company’s AMS/DRS businesses have now delivered mid-teens or better organic revenue growth for 14 consecutive quarters. Revenue from those offerings has more than doubled over that period to exceed $1.5 billion, he said.
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“We delivered a strong second quarter with organic growth of 4% and ATM Managed Services and Digital Retail Solutions, or AMS/DRS, growing 14%,” Eubanks said. He added that customer wins and scheduled deployments provide visibility into continued growth in the second half of the year.
Margins, Cash Flow and Second-Quarter Results Revenue rose 7% from a year earlier, including 4% constant-currency growth and a 3% foreign-exchange benefit, according to CFO Kurt McMaken. Adjusted EBITDA increased 11% to $257 million, while EBITDA margin expanded 70 basis points to 18.5%.
Operating profit climbed $25 million, or 15%, to $190 million, producing a 13.6% operating margin. Brink’s reported income from continuing operations of $88 million, or $2.13 per diluted share, based on 41.5 million diluted shares. McMaken said earnings-per-share growth of 18% exceeded the company’s revenue growth rate.
The company generated $468 million of trailing 12-month free cash flow, equal to 46% conversion from EBITDA. Management said it remains on track for full-year free-cash-flow conversion of 40% to 45%, citing the expected timing of tax payments, working capital and capital expenditures during the rest of the year.
Brink’s said favorable revenue mix, pricing discipline and productivity initiatives supported margin expansion across all operating segments. Eubanks said the company’s Cash and Valuables Management business posted slightly positive organic growth, as growth in Global Services and pricing offset conversions into AMS/DRS offerings.
AMS/DRS Wins and Growth Outlook AMS/DRS generated $50 million of organic revenue growth during the quarter. Some major installations and customer deployments shifted from the second quarter into the second half because of customer-driven timing decisions, management said.
Brink’s recently signed an enterprise agreement with a large U.S. retail chain to provide a full DRS solution at more than 5,000 retail locations. Eubanks said the agreement will nearly double Brink’s share of wallet with that customer and could create productivity benefits by increasing route density across the company’s existing footprint.
The company also cited an ATM outsourcing agreement for a European bank consortium, expected to come online during the second half, and an AMS contract with Mandiri Bank in Indonesia. Brink’s will service more than one-third of Mandiri’s ATM estate. Mandiri operates more than 13,000 ATMs, according to Eubanks.
Management said AMS/DRS growth in the second half is expected to trend toward the top end of its full-year mid-to-high-teens framework. McMaken said AMS/DRS growth is predominantly volume-driven, reflecting new locations, deployments, new customers and expanded customer relationships rather than pricing.
In North America, Brink’s reported a trailing 12-month EBITDA margin of 19.8% at the end of the second quarter, approaching management’s intermediate 20% target. Eubanks said that threshold is “not a destination,” citing potential for continued margin improvement through network density, productivity and expansion of recurring-service offerings.
NCR Atleos Transaction Progress Brink’s said it now expects its pending acquisition of NCR Atleos to close early in the first quarter, subject to remaining regulatory approvals and customary closing conditions.
Eubanks said shareholders of both companies approved the transaction with more than 99% of votes cast in favor. The company also received early termination from U.S. antitrust regulators and antitrust clearances in Brazil, India, Turkey and Colombia. Foreign-direct-investment approvals have been received across much of the company’s Eurozone footprint, including France, Germany, Spain, Italy and the United Kingdom.
Brink’s has also received clearance in more than 80% of the jurisdictions needed for U.S. money transmitter licensing requirements, Eubanks said.
Management said the companies will continue operating independently until the transaction closes while integration teams prepare to capture strategic benefits. Eubanks pointed to NCR Atleos’ Allpoint ATM network as a potential source of routing efficiencies and service-level improvements when combined with Brink’s retail network.
Following the acquisition, Brink’s expects leverage to temporarily exceed three times net debt to adjusted EBITDA. The company plans to prioritize debt repayment during 2026 and targets net leverage below three times by the end of 2027. Brink’s reported standalone leverage of 2.7 times at the end of the second quarter and said it expects to reduce that figure to about 2.3 times before the transaction.
Guidance Brink’s maintained its full-year revenue-growth framework while raising its full-year organic profit outlook after second-quarter EBITDA exceeded the midpoint of its previous guidance.
Full-year organic revenue growth is expected to be in the mid-single digits. AMS/DRS organic growth is expected to be in the mid-to-high teens. EBITDA margin is expected to expand by 30 to 50 basis points. Foreign exchange is expected to provide a 1.5% to 2.5% full-year benefit, based on recent exchange rates. Free-cash-flow conversion is expected to be 40% to 45%. For the third quarter, Brink’s forecast revenue of $1.365 billion to $1.415 billion, adjusted EBITDA of $263 million to $283 million, and diluted EPS of $2.23 to $2.63. At the midpoint, the company expects EBITDA margin of approximately 19.6%, representing about 60 basis points of year-over-year expansion.
About Brink's (NYSE:BCO)The Brink's Company NYSE: BCO is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink's ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.
Brink's armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.
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The Brink's Company (BCO) Q2 2026 Earnings Call August 5, 2026 9:00 AM EDT
Company Participants
Jesse Jenkins - Head & Vice President of Investor Relations
Richard Eubanks - CEO, President & Director
Kurt McMaken - Executive VP & CFO
Conference Call Participants
Timothy Mulrooney - William Blair & Company L.L.C., Research Division
Tobey Sommer - Truist Securities, Inc., Research Division
Presentation
Operator
Good day, and welcome to the Brink's Company Second Quarter 2026 Conference Call. [Operator Instructions] Please note this event is being recorded.
This call and the Q&A session will contain forward-looking statements. Actual results could differ materially from projected or estimated results. Information regarding factors that could cause such differences are available in today's press release and presentation and in the company's SEC filings. The information presented and discussed on this call is representative of today only. Brink's assumes no obligation to update any forward-looking statements. The call is copyrighted and may not be used without written permission from Brink's.
I will now turn it over to your host, Jesse Jenkins, Senior Vice President of Financial Planning and Analysis. Mr. Jenkins, you may begin.
Jesse Jenkins
Head & Vice President of Investor Relations
Thanks, and good morning. Joining me are CEO, Mark Eubanks; and CFO, Kurt McMacken. Today, Brink's reported second quarter results on a GAAP, non-GAAP and constant currency basis. Most of our commentary today will be focused on our non-GAAP results. These non-GAAP financial measures are intended to provide investors with a supplemental comparison of our operating results and trends for the periods presented. We believe these measures allow investors to better compare performance over time and to evaluate our performance using the same metrics as management. Reconciliations of non-GAAP results to their most comparable GAAP results are provided in SEC filings, which can be found on our website.
Brink's (BCO - Free Report) came out with quarterly earnings of $2.13 per share, beating the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $1.79 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +3.90%. A quarter ago, it was expected that this armored car company would post earnings of $1.68 per share when it actually produced earnings of $1.8, delivering a surprise of +7.14%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Brink's, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $1.39 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.09%. This compares to year-ago revenues of $1.3 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Brink's shares have added about 1.1% since the beginning of the year versus the S&P 500's gain of 13%.
What's Next for Brink's?While Brink's has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Brink's was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.44 on $1.4 billion in revenues for the coming quarter and $9.14 on $5.58 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial Transaction Services is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Payoneer Global Inc. (PAYO - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.
This company is expected to post quarterly earnings of $0.05 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Payoneer Global Inc.'s revenues are expected to be $267.53 million, up 2.7% from the year-ago quarter.
Revenue growth of 7% reflects the 14th consecutive quarter of mid-teens or greater AMS/DRS organic growth
Net Income increased 2% with Adjusted EBITDA up 11%
GAAP EPS of $1.07 increased 4% with non-GAAP EPS of $2.13 up 18%
NCR Atleos acquisition timeline accelerating behind regulatory momentum
RICHMOND, Va., Aug. 05, 2026 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE:BCO), a leading global provider of cash and valuables management, digital retail solutions ("DRS"), and ATM managed services ("AMS"), today announced second-quarter results.
Mark Eubanks, President and CEO, said: “Our strong second quarter shows continued progress against our AMS/DRS strategy with another quarter of mid-teens or better organic revenue growth. We closed several key customer wins late in the second and early in the third quarter that support continued growth momentum into the second half of the year. The margin accretion power of AMS/DRS is evident in our profitability with record second quarter operating profit and Adjusted EBITDA margin performance. Supported by underlying operational productivity and revenue mix benefits, Adjusted EBITDA margins expanded year-over-year in every segment in the second quarter. We continue to deliver sustainable improvements in cash generation with trailing-twelve-month free cash flow up $32 million dollars to $468 million reflecting conversion of 46 percent. Combined with NCR Atleos' strong second quarter results, released earlier this morning, both companies have now delivered first-half performance ahead of expectations. With increasing visibility into our second half performance and a favorable AMS/DRS growth trajectory, we remain confident in our financial outlook and our ability to fully realize the value creation potential of the acquisition."
"With the shareholder vote now behind us, we continue to make meaningful progress towards closing the NCR Atleos acquisition. Having secured clearance in key jurisdictions, including the United States, Brazil, and India, and with all remaining regulatory reviews well underway, we have line of sight to an accelerated timeline now estimated to be early in the first quarter of 20271. Our dedicated integration management teams continue to advance detailed planning that position us to realize approximately $200 million in run-rate synergies. I remain confident this combination will deliver innovative new solutions for our customers, create opportunities for our employees, and accelerate long-term value creation for our shareholders."
____________________
1 Subject to satisfaction of customary closing conditions, including the receipt of required regulatory approvals and other conditions set forth in the merger agreement.
Second-quarter results are summarized in the following table:
(In millions, except for per share amounts)Second-Quarter 2026 (vs. 2025) GAAP Change Non-GAAP Change Constant Currency Change(b)Revenue$1,392 7% $1,392 7% 4%Operating Profit$133 —% $190 15% 14%Operating Profit Margin 9.6% (70 bps) 13.6% 100 bps 120 bpsNet Income / Adjusted EBITDA(a)$44 2% $257 11% 9%EPS$1.07 4% $2.13 18% 15% (a) The non-GAAP financial metric, adjusted EBITDA, is presented with its corresponding GAAP metric, net income attributable to Brink's.
(b) Constant currency represents 2026 Non-GAAP results at 2025 exchange rates.
2026 Non-GAAP Framework and Q3 2026 Non-GAAP Guidance (Unaudited)
(In millions, except for percentages and per share amounts)
In 2026, management has included additional guidance to better help investors understand currency impacts on our results. Management believes organic revenue growth, adjusted EBITDA margin expansion and free cash flow conversion performance, provided in our 2026 framework, gives investors better visibility into the performance of our business. In addition to our full-year 2026 framework, we have added quarterly guidance for revenue, adjusted EBITDA and non-GAAP EPS in 2026 to clarify the expected impact of near-term currency trends and volatile economic conditions on our results. When, and if, currency volatility lessens, management may return to the previous annual guidance methodology. Revenue guidance is presented in accordance with GAAP.
2026 Non-GAAP FrameworkOrganic Revenue GrowthMid-Single Digits AMS/DRS Organic Revenue GrowthMid-to-High Teens Adjusted EBITDA Margin Expansion30-50bps Free Cash Flow Conversion40-45% Q3 2026
GuidanceRevenue$1,365 - $1,415 Non-GAAP Adjusted EBITDA$263 - $283 Non-GAAP EPS$2.23 - $2.63 The Q3 2026 non-GAAP guidance cannot be reconciled to GAAP without unreasonable effort, as we are unable to accurately forecast certain amounts that are necessary for reconciliation, including the impact of highly inflationary accounting on our Argentina operations, expenses relating to M&A transactions that may or may not occur in the quarter, and other potential non-GAAP adjusting items for which the timing and amounts are uncertain. The Q3 2026 non-GAAP guidance assumes the continuation of current economic trends and reflects management's current assumptions regarding variables that are difficult to accurately forecast, including those discussed in the Risk Factors set forth in the Company's filings with the United States Securities and Exchange Commission.
Conference Call
Brink’s will host a conference call on Wednesday, August 5, 2026, at 9:00 a.m. (EDT) to review second-quarter financial results. The conference call can be accessed by calling 888-349-0094 (in the U.S.) or 412-902-0124 (international). Participants should join at least five minutes prior to the start of the call. Participants can pre-register at https://dpregister.com/sreg/10210013/1044abca2fb to receive a direct dial-in number for the call. The call will also be accessible at https://event.choruscall.com/mediaframe/webcast.html?webcastid=tA72Sjv5. A replay of the call will be available through August 12, 2026, at (855) 669-9658 (in the U.S.) or (412) 317-0088 (international). The conference access code is 4560221. An archived version of the webcast will also be available on our website at http://investors.brinks.com.
The Brink’s Company and subsidiaries
(In millions, except for per share amounts) (Unaudited)
Condensed Consolidated Balance Sheets December 31, 2025 June 30, 2026Assets Current assets: Cash and cash equivalents$1,725.9 1,658.2 Restricted cash 541.0 489.7 Accounts receivable, net 766.0 865.7 Prepaid expenses and other 296.1 353.9 Total current assets 3,329.0 3,367.5 Right-of-use assets, net 388.7 391.5 Property and equipment, net 1,130.5 1,091.3 Goodwill 1,515.3 1,505.0 Other intangibles, net 385.2 353.6 Deferred tax assets, net 237.3 240.3 Other 353.2 382.1 Total assets$7,339.2 7,331.3 Liabilities and Equity Current liabilities: Short-term borrowings 241.1 248.8 Current maturities of long-term debt 163.1 98.4 Accounts payable 319.3 330.1 Accrued liabilities 1,180.2 1,180.9 Restricted cash held for customers 294.2 220.0 Total current liabilities 2,197.9 2,078.2 Long-term debt 3,810.1 3,895.1 Accrued pension costs 147.8 149.7 Retirement benefits other than pensions 120.4 125.0 Lease liabilities 310.2 313.3 Deferred tax liabilities 66.5 65.6 Other 279.0 262.0 Total liabilities 6,931.9 6,888.9 Equity: The Brink's Company ("Brink's") shareholders: Common stock, par value $1 per share: Shares authorized: 100.0 Shares issued and outstanding: 2026 - 41.2; 2025 - 41.1 41.1 41.2 Capital in excess of par value 632.1 627.5 Retained earnings 270.1 299.4 Accumulated other comprehensive income (loss) (665.6) (657.6)Brink's shareholders 277.7 310.5 Noncontrolling interests 129.6 131.9 Total equity 407.3 442.4 Total liabilities and equity$7,339.2 7,331.3 The Brink’s Company and subsidiaries
(In millions) (Unaudited)
Condensed Consolidated Statements of Cash Flows Six Months Ended June 30, 2025
2026
Cash flows from operating activities: Net income$101.3 82.1 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Loss from discontinued operations, net of tax 0.2 0.1 Depreciation and amortization 130.5 158.8 Share-based compensation expense 13.7 15.0 Deferred income taxes 0.1 (5.2)(Gain) loss on marketable securities, sale of property and equipment and derivatives 17.9 (3.3)Impairment losses 2.0 1.3 Retirement benefit funding (more) less than expense: Pension (1.1) 2.7 Other than pension (5.6) 3.3 Unrealized foreign currency (gains) losses (1.2) 10.1 Other operating 1.7 3.8 Changes in operating assets and liabilities, net of effects of acquisitions: Increase in accounts receivable and income taxes receivable (64.8) (106.3)Decrease in accounts payable, income taxes payable and accrued liabilities (84.8) (19.9)Increase (decrease) in restricted cash held for customers 31.3 (66.3)Increase in customer obligations 24.0 40.5 Increase in prepaid and other current assets (11.4) (28.6)Other (10.0) (22.9)Net cash provided by operating activities 143.8 65.2 Cash flows from investing activities: Capital expenditures (110.7) (74.9)Acquisitions, net of cash acquired (5.3) — Marketable securities: Purchases (92.9) (33.6)Sales 64.8 31.7 Cash proceeds from sale of property and equipment 9.8 5.6 Net change in loans held for investment 3.3 2.8 Net change in economic hedges (17.2) 3.1 Other (9.4) 1.1 Net cash used in investing activities (157.6) (64.2) Cash flows from financing activities: Borrowings (repayments) of debt: Short-term borrowings 19.8 8.6 Long-term revolving credit facilities: Borrowings 7,943.5 9,879.5 Repayments (7,757.5) (9,853.6)Other long-term debt: Borrowings 12.2 10.6 Repayments (77.3) (53.4)Acquisition of noncontrolling interest (6.6) — Cash paid for acquisition related settlements and obligations — (1.1)Debt financing costs (1.0) (22.7)Repurchase shares of Brink's common stock (130.0) (30.2)Dividends to: Shareholders of Brink’s (21.1) (21.0)Noncontrolling interests in subsidiaries (0.7) (2.2)Proceeds from exercise of stock options — 0.2 Tax withholdings associated with share-based compensation (17.8) (18.3)Other (1.6) (1.6)Net cash used in financing activities (38.1) (105.2) Effect of exchange rate changes on cash 113.6 (14.8)Cash, cash equivalents and restricted cash: (Decrease) increase 61.7 (119.0)Balance at beginning of period 1,840.4 2,266.9 Balance at end of period$1,902.1 2,147.9 Supplemental Cash Flow InformationSix Months Ended June 30, 2025
2026
Cash paid for income taxes, net$(56.5) (61.3)Cash paid for interest (132.8) (135.4)Proceeds from lessor debt financing 12.0 5.6 The Brink’s Company and subsidiaries
(In millions, except for per share amounts) (Unaudited)
Second-Quarter 2026 vs. 2025 Impact of
% Change GAAP Organic Acquisitions /
Currency Organic 2Q'25 Change(a) Dispositions(b)
Effect(c) 2Q'26 Total
Growth(a) Revenues: North America$434 10 — — 445 2 2 Latin America 319 7 1 25 352 10 2 Europe 358 8 — 11 377 5 2 Rest of World 189 29 — 2 219 16 15 Segment revenues$1,301 54 1 37 1,392 7 4 Revenues$1,301 54 1 37 1,392 7 4 Operating profit: North America$62 7 — — 70 12 12 Latin America 55 2 — 4 61 10 4 Europe 42 8 — 1 52 21 18 Rest of World 38 14 — — 52 36 36 Segment operating profit 198 31 — 5 234 18 16 Corporate expenses(d) (34) (8) — (3) (44) 31 24 Other items not allocated to segments(d) (31) (31) 10 (5) (56) 84 101 Operating profit$134 (8) 10 (3) 133 — (6) Amounts may not add due to rounding.
(a) Organic change and organic growth are supplemental financial measures that are not required by, or presented in accordance with, GAAP, and are described in more detail on page 13.
(b) Amounts include the impact of prior year comparable period results for acquired and disposed businesses. This measure is not required by, or presented in accordance with, GAAP and is described in more detail on page 13.
(c) The amounts in the “Currency” column consist of the effects of Argentina devaluations under highly inflationary accounting and the sum of monthly currency changes. This measure is not required by, or presented in accordance with, GAAP and is described in more detail on page 13.
(d) See pages 11-12 for further information, where these items are discussed in more detail.
About The Brink’s Company
The Brink’s Company (NYSE:BCO) is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Our network of operations in 51 countries serves customers in more than 100 countries. For more information, please visit our website at www.brinks.com or call 804-289-9709.
The Brink’s Company and subsidiaries
(In millions, except for per share amounts) (Unaudited)
Six Months Ended June 30, 2026 vs. 2025 Impact of
% Change GAAP Organic Acquisitions /
Currency Organic 2025
Change(a) Dispositions(b)
Effect(c) 2026
Total Growth(a) Revenues: North America$852 31 — 2 884 4 4 Latin America 627 18 1 49 695 11 3 Europe 677 19 1 46 743 10 3 Rest of World 391 42 — 12 445 14 11 Segment revenues$2,547 110 2 109 2,767 9 4 Revenues$2,547 110 2 109 2,767 9 4 Operating profit: North America$115 15 — — 131 13 13 Latin America 109 3 — 6 118 8 3 Europe 71 15 1 5 91 30 22 Rest of World 86 20 — 2 107 25 23 Segment operating profit 380 53 — 13 447 17 14 Corporate expenses(d) (65) (19) — (4) (89) 36 30 Other items not allocated to segments(d) (62) (61) 14 (5) (115) 85 98 Operating profit$253 (27) 14 4 244 (4) (11) Amounts may not add due to rounding.
See page 6 for footnote explanations.
Forward-Looking Statements
This release contains forward-looking information. Words such as "anticipate," "assume," "estimate," "expect," “target,” "project," "predict," "intend," "plan," "believe," "potential," "may," "should" and similar expressions may identify forward-looking information. Forward-looking information in this release includes, but is not limited to: statements made in Mr. Eubanks' quote; second quarter 2026 outlook, including revenue, adjusted EBITDA, and non-GAAP earnings per share (and drivers thereof); full-year 2026 guidance framework, including organic revenue growth, AMS/DRS organic revenue growth, adjusted EBITDA margin expansion, free cash flow conversion and shareholder returns (and the drivers thereof); capital allocation priorities; the impact of U.S. and global macroeconomic conditions; the impact of tariffs and foreign inflation; expected impact from deployment of technology-enabled solutions, including AMS and DRS; the effect of pending legal matters, including the Chile antitrust matter; the impacts of the operating environment in Argentina; the proposed acquisition of NCR Atleos, Inc. ("NCR Atleos"), including: the expected timing and conditions to closing (including receipt of regulatory approvals), the anticipated benefits and synergies of the transaction, the expected financing thereof and the related indebtedness expected to be incurred in connection with the transaction and the ability to service and repay such indebtedness; and strategic priorities and initiatives, including the Brink’s Business System and technology and systems investments.
Forward-looking information in this document is subject to known and unknown risks, uncertainties and contingencies, which are difficult to predict or quantify, and which could cause actual results, performance or achievements to differ materially from those that are anticipated. These risks, uncertainties and contingencies, many of which are beyond our control, include, but are not limited to: our ability to improve profitability and execute further cost and operational improvement and efficiencies in our core businesses; our ability to improve service levels and quality in our core businesses; market volatility and commodity price fluctuations; general economic issues, including supply chain disruptions, fuel price increases, new or increased international tariffs and/or trade barriers, inflation, recessionary conditions and changes in interest rates; seasonality, pricing and other competitive industry factors; investment in information technology (“IT”) and its impact on revenue and profit growth; risks associated with the usage of artificial intelligence (“AI”) technologies; our ability to maintain an effective IT infrastructure and safeguard confidential information and risks related to a failure of our IT systems and networks, including cloud-based applications, and risks associated with current and emerging technology threats, and damage from computer viruses, unauthorized access and cyber and ransomware attacks, including increasingly sophisticated cyber attacks incorporating the use of AI and other similar disruptions; our ability to effectively develop and implement solutions for our customers; risks associated with operating in foreign countries, including changing political, labor and economic conditions (including political conflict or unrest), regulatory issues (including the imposition of international sanctions, including by the U.S. government), military conflicts (including but not limited to the conflict in Israel, Iran and surrounding areas, as well as the possible expansion of such conflicts and potential geopolitical consequences), currency restrictions and devaluations, restrictions on and cost of repatriating earnings and capital, impact on the Company’s financial results as a result of jurisdictions' higher-than-expected inflation and those determined to be highly inflationary, and restrictive government actions, including nationalization; risks related to changes in control over, or economic interest in, foreign subsidiaries, including the anticipated deconsolidation of the Malaysia business, the final determination of the appropriate accounting treatment under U.S. GAAP, and the timing and magnitude of the related impact on the Company's revenue and adjusted EBITDA; labor issues, including labor shortages, negotiations with organized labor and work stoppages; pandemics, acts of terrorism, strikes or other extraordinary events that negatively affect global or regional cash commerce; anticipated cash needs in light of our current liquidity position; the strength of the U.S. dollar relative to foreign currencies and foreign currency exchange rates; our ability to identify, evaluate and complete acquisitions and other strategic transactions and to successfully integrate acquired companies; risks related to the proposed acquisition of NCR Atleos, including: the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; the inability to complete the proposed transaction due to the failure to obtain regulatory or shareholder approval or the failure to satisfy other conditions to closing; risks that the proposed transaction disrupts current plans and operations; the focus of management's time and attention on the transaction and other disruptions arising from the proposed transaction; the ability to recognize the anticipated benefits and synergies of the proposed transaction; the amount of the costs, fees, expenses, and charges related to the proposed transaction and financing obtained in connection with the proposed transaction; the ability to obtain regulatory approvals on the terms expected or anticipated schedule; the risk that the proposed transaction and its announcement could have an adverse effect on the ability of the Company to retain customers, retain and hire key personnel and maintain relationships with suppliers, customers and other business relationships and on operating results and business generally; the risk of litigation and/or regulatory actions related to the proposed transaction; costs related to dispositions and product or market exits; our ability to obtain appropriate insurance coverage, positions taken by insurers relative to claims and the financial condition of insurers; safety and security performance and loss experience; employee, environmental and other liabilities in connection with former coal operations, including black lung claims; the impact of the American Rescue Plan Act and Patient Protection and Affordable Care Act on legacy liabilities and ongoing operations; funding requirements, accounting treatment, and investment performance of our pension plans, the VEBA and other employee benefits; changes to estimated liabilities and assets in actuarial assumptions; the nature of hedging relationships and counterparty risk; access to the capital and credit markets; our ability to realize deferred tax assets; the impact of foreign tax credit regulations; the impact of the One Big Beautiful Bill Act; the outcome of pending and future claims, litigation, and administrative proceedings; our ability to comply with regulatory compliance obligations; public perception of our business, reputation and brand; our ability to identify, recruit and retain key employees; changes in estimates and assumptions underlying our critical accounting policies; and the promulgation and adoption of new accounting standards, new government regulations and interpretation of existing standards and regulations.
This list of risks, uncertainties and contingencies is not intended to be exhaustive. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the period ended December 31, 2025, and in the registration statement on Form S-4 filed in connection with the proposed acquisition of NCR Atleos, and in related disclosures in our other public filings with the Securities and Exchange Commission. All risk factors and uncertainties described herein and therein should be considered in evaluating forward-looking statements, and all of the forward-looking statements in this document are expressly qualified by the cautionary statements contained or referred to herein and therein. The actual results or developments anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on the Company or our business or operations. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this document. The forward-looking information included in this document is representative only as of the date of this document and The Brink's Company undertakes no obligation to update, revise or clarify any information contained in this document or forward-looking statements that may be made from time to time on our behalf, whether as a result of new information, future events or otherwise, except as required by law.
The Brink’s Company and subsidiaries
Segment Results: 2025 and 2026 (Unaudited)
(In millions, except for percentages)
Revenues 2025
2026
1Q 2Q 3Q 4Q Full Year 1Q 2Q Six MonthsRevenues: North America$417.6 434.3 434.8 455.9 1,742.6 $439.6 444.5 884.1 Latin America 307.6 319.4 326.8 335.8 1,289.6 343.8 351.6 695.4 Europe 319.0 358.0 375.3 377.2 1,429.5 365.9 377.0 742.9 Rest of World 202.5 188.8 198.1 210.1 799.5 225.8 219.2 445.0 Segment revenues$1,246.7 1,300.5 1,335.0 1,379.0 5,261.2 $1,375.1 1,392.3 2,767.4 Operating Profit 2025
2026
1Q 2Q 3Q 4Q Full Year 1Q 2Q Six MonthsOperating profit: North America$53.1 62.3 56.8 74.5 246.7 $60.9 69.6 130.5 Latin America 53.9 55.0 65.9 69.1 243.9 57.4 60.5 117.9 Europe 28.1 42.4 49.9 56.8 177.2 39.9 51.5 91.4 Rest of World 47.2 38.3 44.1 48.6 178.2 55.0 52.0 107.0 Segment operating profit 182.3 198.0 216.7 249.0 846.0 213.2 233.6 446.8 Corporate expenses(a) (31.7) (33.5) (28.5) (42.4) (136.1) (44.8) (43.9) (88.7)Other items not allocated to segments(a) Reorganization and Restructuring (0.5) (0.2) (0.3) (0.4) (1.4) — — — Acquisitions and dispositions (18.5) (25.8) (17.8) (16.4) (78.5) (15.6) (15.3) (30.9)Argentina highly inflationary impact (6.3) 1.9 (4.7) (1.1) (10.2) 0.5 (3.3) (2.8)NCR Atleos acquisition and transformation initiatives (5.1) (5.4) (8.1) (7.4) (26.0) (38.9) (36.4) (75.3)Non-routine legal matters — — — — — (2.8) (0.1) (2.9)DOJ/FinCEN investigations (0.9) (0.9) (3.7) (1.0) (6.5) (1.2) (0.9) (2.1)Chile antitrust matter (0.2) (0.2) (0.2) (0.2) (0.8) (0.2) (0.4) (0.6)Non-routine auto loss matter — — (1.0) — (1.0) — — — Operating profit$119.1 133.9 152.4 180.1 585.5 $110.2 133.3 243.5 Operating Margin Percentage 2025
2026
1Q 2Q 3Q 4Q Full Year 1Q 2Q Six MonthsOperating margin percentage: North America 12.7 14.3 13.1 16.3 14.2 13.9 15.7 14.8 Latin America 17.5 17.2 20.2 20.6 18.9 16.7 17.2 17.0 Europe 8.8 11.8 13.3 15.1 12.4 10.9 13.7 12.3 Rest of World 23.3 20.3 22.3 23.1 22.3 24.4 23.7 24.0 Segment operating margin percentage 14.6 15.2 16.2 18.1 16.1 15.5 16.8 16.1 Corporate expenses and Other items not allocated to segments(a) (5.0) (4.9) (4.8) (5.0) (5.0) (7.5) (7.2) (7.3)Total operating margin percentage 9.6 10.3 11.4 13.1 11.1 8.0 9.6 8.8 (a) See explanation of items on pages 11-12.
The Brink’s Company and subsidiaries
Other Items Not Allocated To Segments (Unaudited)
(In millions)
Income and expenses not allocated to segments are reported either as “Corporate Expenses” or “Other Items not Allocated to Segments.”
Corporate Expenses include costs to manage the global business and perform activities required by public companies as well as other items that are considered part of the Company's operations and revenue generating activities but are not considered when the chief operating decision maker ("CODM") evaluates segment results. Examples include corporate staff compensation, corporate headquarters costs, regional management costs, share-based compensation, and currency transaction gains and losses.
Other Items not Allocated to Segments include income and expenses that are not necessary to operate our business in the ordinary course and are not considered when the CODM evaluates segment results. These include non-recurring as well as certain recurring costs and gains which are not considered to be part of the Company's operations and revenue generating activities. Each of the items in the “Other Items Not Allocated to Segments” category is excluded from non-GAAP measures.
See below for a summary of the other items not allocated to segments.
Reorganization and Restructuring
Costs associated with certain reorganization and restructuring actions were excluded from reported non-GAAP results. These items included primarily severance charges and asset impairment losses. These costs related to global restructuring initiatives, completed in prior years, mainly to mitigate the impact of external economic conditions in light of the COVID-19 pandemic. Due to the unusual nature of the underlying events that led to these actions, the charges are not considered part of the Company's operations and revenue generating activities. Management has excluded these amounts when evaluating internal performance. As such, they have not been allocated to segment or Corporate results and are excluded from non-GAAP results.
Acquisitions and dispositions
Certain acquisition and disposition items are not part of the Company's operations and revenue generating activities. These items include non-cash amortization expense for acquisition-related intangible assets, as well as integration, transaction, restructuring and certain compensation costs. All of the items are significantly impacted by the timing and nature of our acquisitions and dispositions, and many are inconsistent in amount and frequency. Management has excluded these amounts when evaluating internal performance. Therefore, we have not allocated these amounts to segment or Corporate results and have excluded these amounts from non-GAAP results.
These items are described below:
2026 Acquisitions and Dispositions
Amortization expense for acquisition-related intangible assets was $29.3 million in the first six months of 2026. 2025 Acquisitions and Dispositions
Amortization expense for acquisition-related intangible assets was $58.9 million in 2025.Restructuring costs related to acquisitions were $11.8 million in 2025.Net charges of $2.2 million were incurred for post-acquisition adjustments to indemnification assets related to previous business acquisitions.We incurred $3.8 million in integration costs in 2025.Transaction costs related to business acquisitions were $2.7 million in 2025. Argentina highly inflationary impact Beginning in the third quarter of 2018, we designated Argentina's economy as highly inflationary for accounting purposes. As a result, Argentine peso-denominated monetary assets and liabilities are now remeasured at each balance sheet date to the currency exchange rate then in effect, with currency remeasurement gains and losses recognized in earnings. In addition, nonmonetary assets retain a higher historical basis when the currency is devalued. The higher historical basis results in incremental expense being recognized when the nonmonetary assets are consumed. In 2025, we recognized $10.2 million in pretax charges in operating profit related to highly inflationary accounting, including currency remeasurement losses of $17.0 million. In the first six months of 2026, we recognized $2.8 million in pretax charges in operating profit related to highly inflationary accounting, including currency remeasurement losses of $0.8 million. Highly inflationary adjustments also impact gains and losses on marketable securities due to the change in exchange rates. These non-cash charges are not part of the Company's operations and revenue generating activities. Management has excluded these amounts when evaluating internal performance. As such, they have not been allocated to segment or Corporate results and are excluded from non-GAAP results.
NCR Atleos acquisition and transformation initiatives On February 26, 2026, we entered into a definitive agreement to acquire NCR Atleos. The transaction is expected to close in the first quarter of 2027, subject to regulatory approval and other customary closing conditions. This acquisition represents a significant strategic step for Brink’s, expanding the scale of the combined company and supporting continued growth in our AMS and DRS offerings, which reflect an increasing portion of our business mix.
During 2023, we initiated a multi-year program intended to accelerate growth and drive margin expansion through transformation of our business model. The program is designed to help us standardize and streamline our commercial and operational systems and processes, as well as back-office functions, including finance and information technology. The efforts will drive continuous improvement and achieve operational excellence.
Accordingly, we incurred $26.0 million of expense in 2025, which primarily included third-party professional services, project management charges, and severance. During the first six months of 2026, we incurred $75.3 million of related costs, including severance costs; fees to attorneys, accountants and other professional advisors related to the NCR Atleos acquisition; as well as third-party professional services. Because these expenses are associated with discrete transformation initiatives, they are not reflective of our ongoing operating cost structure and are not indicative of our core operating expenses or normal activities. Accordingly, management has excluded these amounts when evaluating internal performance. As such, they have not been allocated to segment or Corporate results and are excluded from non-GAAP results.
Non-routine legal matters In the first six months of 2026, we recognized $2.9 million of probable losses and related legal costs in connection with non-routine legal matters. These costs relate to fact-specific matters that management does not believe are indicative of the Company's underlying operational performance for the period. Additionally, the nature of these amounts and the underlying claims are such that they are not reasonably likely to recur based on the Company's historical experience within two years, nor were there similar charges for such matters within the prior two years. Management has excluded these amounts when evaluating internal operating performance, and accordingly, these amounts have not been allocated to segment or Corporate results and are excluded from non-GAAP results.
DOJ/FinCEN investigations During 2025, we accrued $6.5 million in connection with the U.S. Department of Justice ("DOJ") and U.S. Department of the Treasury's Financial Crimes Enforcement Network ("FinCEN") investigations, which represents third-party legal costs associated with these matters, including upfront expenses that are directly attributable to establishing compliance programs. In the first six months of 2026, we accrued $2.1 million in connection with the DOJ and FinCEN investigations, which represents third-party legal costs associated with these matters. In the first quarter of 2025, we reached resolutions with both the DOJ and FinCEN. These costs are not considered part of the Company's operations and revenue generating activities. Additionally, the nature of these amounts and the underlying investigations are such that they are not reasonably likely to recur within two years, nor were there similar charges within the prior two years. Management has excluded these amounts when evaluating internal performance. Therefore, these amounts have not been allocated to segment or Corporate results and are excluded from non-GAAP results.
Chile antitrust matter We recognized an estimated loss of $9.5 million in the third quarter of 2021 and recognized additional amounts in subsequent years (which were primarily related to changes in currency rates). Overall, these charges related to a potential fine associated with an investigation by the Chilean Fiscalía Nacional Económica or "FNE" (the Chilean antitrust agency). The investigation is related to potential anti-competitive practices among competitors in the cash logistics industry in Chile. These costs are not considered part of the Company's operations and revenue generating activities. Additionally, the nature of these amounts, including the estimated loss and associated third-party costs, is such that they are not reasonably likely to recur within two years, nor were there similar charges within the prior two years of the underlying event. Management has excluded these amounts when evaluating internal performance. Therefore, these amounts have not been allocated to segment or Corporate results and are excluded from non-GAAP results.
Non-routine auto loss matter In 2023, a Brink’s employee was involved in a motor vehicle accident with unique circumstances that resulted in the death of a third party and, in connection with the ensuing litigation, Brink’s recognized a $10.0 million charge. Due to the unusual nature of the matter, including the unique circumstances of the claim, potential magnitude of remedy, and variation from our ordinary-course litigation strategy, we consider the litigation as separate and distinct from routine legal matters. Management does not believe that similar litigation will likely recur within the next two years, and there have been no similar matters within the prior two years. Management has excluded these amounts when evaluating internal performance. Therefore, they have not been allocated to segment or Corporate results and are excluded from non-GAAP results.
The Brink’s Company and subsidiaries
Non-GAAP Measures and Reconciliations to GAAP Measures (Unaudited)
(In millions, except for percentages and per share amounts)
Non-GAAP measures described below and included in this press release are financial measures that are not required by or presented in accordance with GAAP. The purpose of the disclosure of these non-GAAP measures is to report financial information from the primary operations of our business by excluding the effects of certain income and expenses that do not reflect the ordinary earnings of our operations.
These non-GAAP financial measures are intended to provide investors with a supplemental comparison of our operating results and trends for the periods presented. Our management believes these measures are also useful to investors as such measures allow investors to evaluate our performance using the same metrics that our management uses to evaluate past performance and prospects for future performance. The reconciliations in the tables below include adjustments that we do not consider reflective of our operating performance as they result from events and circumstances that are not a part of our core business. Additionally, certain non-GAAP results, including non-GAAP operating profit and free cash flow before dividends, are utilized as performance measures in certain management incentive compensation plans.
Non-GAAP results should not be considered as an alternative to results determined in accordance with GAAP and should be read in conjunction with their GAAP counterparts. Non-GAAP financial measures may not be comparable to non-GAAP financial measures presented by other companies.
The items excluded from non-GAAP measures are considered by us to be nonrecurring, infrequent or unusual costs and gains as well as other items not considered part of our operations and revenue generating activities. Non-recurring and infrequent items are items that are not reasonably expected to recur in the following two years.
In addition to the rationale described above, we believe the following non-GAAP metrics are helpful to investors in assessing results of operations consistent with how our management evaluates performance:
Non-GAAP operating profit and Non-GAAP operating profit margin: Non-GAAP operating profit equals GAAP operating profit excluding Other Items not Allocated to Segments. Non-GAAP operating margin equals non-GAAP operating profit divided by revenues.Non-GAAP income from continuing operations attributable to Brink's: This measure equals GAAP income from continuing operations attributable to Brink's excluding Other Items not Allocated to Segments as well as certain retirement plan expenses/gains, taxes on return of capital, impairment of certain debt securities, and unusual adjustments to deferred tax asset valuation allowances.Earnings Before Interest Expense, Income Taxes, Depreciation and Amortization ("EBITDA") and Adjusted EBITDA: EBITDA is calculated by starting with net income attributable to Brink's and adding back the amounts for interest expense, income taxes, depreciation and amortization. Adjusted EBITDA equals EBITDA excluding the applicable impacts of Other Items not Allocated to Segments as well as certain retirement plan expenses/gains, taxes on return of capital, impairment of certain debt securities, unusual adjustments to deferred tax asset valuation allowances, income tax rate adjustments, share-based compensation and marketable securities (gain) loss.Non-GAAP diluted EPS from continuing operations attributable to Brink's common shareholders: This measure equals non-GAAP income from continuing operations attributable to Brink's divided by diluted shares.Organic change and organic growth: Organic change represents the change in revenues or operating profit between the current and prior period excluding the effect of acquisitions and dispositions for one year after the transaction and changes in currency exchange rates. Organic growth is the percentage change of organic growth versus the prior year amount.Impact of acquisitions/dispositions: This measure represents the impact of acquisitions or dispositions without a full year of reported results in either comparable period.Currency effect: This measure consists of the effects of Argentina devaluations under highly inflationary accounting and the sum of monthly currency changes. Monthly currency changes represent the accumulation throughout the year of the impact on current period results of changes in foreign currency rates from the prior year period.Non-GAAP pre-tax income, Non-GAAP income tax and Non-GAAP effective income tax rate: Non-GAAP pre-tax income and non-GAAP income tax equal their GAAP counterparts excluding the applicable impacts of Other Items not Allocated to Segments as well as certain retirement plan expenses/gains. Non-GAAP effective income tax rate equals non-GAAP income tax divided by non-GAAP pre-tax income. In addition to the rationale described above, we believe the following non-GAAP metrics are helpful in assessing cash flow and financial leverage consistent with how our management evaluates performance:
Free cash flow before dividends: Free cash flow before dividends is a non-GAAP financial measure that represents management’s calculation of cash flows that are available for capital and investing activities such as paying dividends, share repurchases, debt, acquisition and other investments. We define free cash flow before dividends as net cash provided by (used in) operating activities, adjusted to exclude certain operating activities related to cash that is not available for corporate purposes, including the impact of cash flows from restricted cash held for customers, as well as cash received and processed in certain of our secure cash management services operations. The resulting amount is further adjusted to include the impact of cash flows related to property and equipment used to operate our business, including capital expenditures, cash proceeds from the sale of property and equipment, as well as lessor debt financing. Free cash flow before dividends also excludes the cash impact of transaction costs related to the NCR Atleos acquisition. Reconciliations of Non-GAAP to GAAP Measures
Non-GAAP measures are reconciled to comparable GAAP measures in the tables below. Amounts reported for prior periods have been updated in this press release to present information consistently for all periods presented. Most of the reconciling adjustments are described in Other Items Not Allocated to Segments above on pages 11-12. Additional reconciling items include the following:
Retirement plans We incur costs, such as interest expense and amortization of actuarial gains and losses, associated with certain retirement plans that have been frozen to new entrants. Furthermore, we also incur non-cash settlement charges and curtailment gains related to all of our retirement plans. These costs and gains are not considered to be part of the Company's operations and revenue generating activities. Management has excluded these amounts when evaluating internal performance. Therefore, they are excluded from non-GAAP results.
Valuation allowance on tax credits Gains and charges related to major tax law changes are not considered to be part of the Company's operations and revenue generating activities. As a result of the One Big Beautiful Bill Act, we increased a valuation allowance on deferred tax assets and recorded a significant income tax expense in the third quarter of 2025. Management has excluded these amounts when evaluating internal performance. Therefore, they are excluded from non-GAAP results.
Tax on return of capital As a result of lifted foreign exchange controls and the official and unofficial foreign exchange rates convergence in Argentina, we were able to make an unusual and infrequent return of capital. Due to Argentinian tax law, a withholding tax was imposed on the return of capital. This withholding tax is not considered to be part of the Company’s operations and revenue generating activities. Management has excluded this amount when evaluating internal performance. Therefore, it is excluded from non-GAAP results.
Change in restricted cash held for customers Restricted cash held for customers is not available for general corporate purposes such as payroll, vendor invoice payments, debt repayment, or capital expenditures. Because the cash is not available to support the Company's operations and revenue generating activities, management excludes the changes in the restricted cash held for customers balance when assessing cash flows from operations. We believe that the exclusion of the change in restricted cash held for customers from our non-GAAP operating cash flows measure is helpful to users of the financial statements as it presents this financial measure consistent with how management assesses this liquidity measure.
Change in certain customer obligations The title to cash received and processed in certain of our secure cash management services operations transfers to us for a short period of time. The cash is generally credited to customers’ accounts the following day and is thus not available for general corporate purposes. Because the cash is not available to support our operations and revenue generating activities, management excludes the changes in this specific cash balance when assessing cash flows from operations. We believe that the exclusion of the change in this cash balance from our non-GAAP operating cash flows measure is helpful to the users of our financial statements as it presents this financial measure consistent with how our management assesses this liquidity measure.
NCR Atleos acquisition cash flows This represents the cash outflows during the period related to NCR Atleos acquisition-related transaction costs, such as fees to attorneys, accountants and other professional advisors.
Non-GAAP Results Reconciled to GAAP
Six months ended June 30, 2025 Six months ended June 30, 2026 Pre-tax income(a) Income tax Effective income tax rate(a) Pre-tax income(a)
Income tax
Effective income tax rate(a) GAAP$144.3 42.8 29.7% $113.7 31.5 27.7%Reorganization and Restructuring(c) 0.7 0.1 — — Acquisitions and dispositions(c) 46.5 13.5 30.5 6.4 Argentina highly inflationary impact(c) 9.1 0.1 4.4 — NCR Atleos acquisition and transformation initiatives(c) 10.5 0.2 75.3 11.6 Non-routine legal matters(c) — — 2.9 0.7 DOJ/FinCEN investigations(c) 1.8 — 2.1 0.5 Chile antitrust matter(c) 0.4 0.1 0.6 0.2 Retirement plans(b) (3.1) (0.7) 2.7 0.6 Income tax rate adjustment(d) — 1.7 — 11.9 Non-GAAP$210.2 57.8 27.5% $232.2 63.4 27.3% Amounts may not add due to rounding.
(a) From continuing operations.
(b) See "Reconciliations of Non-GAAP to GAAP Measures" on page 14 for details.
(c) See “Other Items Not Allocated To Segments” on pages 11-12 for details.
(d) Non-GAAP income from continuing operations and non-GAAP EPS have been adjusted to reflect an effective income tax rate in each interim period equal to the full-year non-GAAP effective income tax rate. The full-year non-GAAP effective tax rate is estimated at 27.3% for 2026 and was 27.5% for 2025.
The Brink’s Company and subsidiaries
Non-GAAP Results Reconciled to GAAP (Unaudited) - continued
(In millions, except for percentages and per share amounts)
(a) See “Other Items Not Allocated To Segments” on pages 11-12 for details.
(b) See "Reconciliations of Non-GAAP to GAAP Measures" on page 14 for details.
(c) Non-GAAP income from continuing operations and non-GAAP EPS have been adjusted to reflect an effective income tax rate in each interim period equal to the full-year non-GAAP effective income tax rate. The full-year non-GAAP effective tax rate is estimated at 27.3% for 2026 and was 27.5% for 2025.
(d) Due to the impact of transformation-related equity awards, there was a $0.2 million non-GAAP adjustment to share-based compensation in the second quarter of 2026. There is no difference between GAAP and non-GAAP share-based compensation amounts for the other periods presented.
(e) Due to the impact of Argentina highly inflationary accounting, there was a $1.0 million non-GAAP adjustment for a loss in the first quarter of 2025, a $3.7 million non-GAAP adjustment for a loss in the second quarter of 2025, a $0.9 million non-GAAP adjustment for a loss in the third quarter of 2025, a $6.9 million non-GAAP adjustment for a loss in the fourth quarter of 2025, and a $1.6 million non-GAAP adjustment for a loss in the first quarter of 2026. In the second quarter of 2026, there were no non-GAAP adjustments for marketable securities gains or losses due to Argentina highly inflationary accounting.
(f) Related to the impairment of specific debt securities in Argentina in 2025.
Full Year Six Months
Ended June 30, 2025
2025
2026
Cash flows provided from operating activities - GAAP$639.5 $143.8 $65.2 (Increase) decrease in restricted cash held for customers(a) (46.1) (31.3) 66.3 Increase in certain customer obligations(a) (16.5) (24.0) (40.5)Capital expenditures (203.1) (110.7) (74.9)Cash proceeds from sale of property and equipment 18.5 9.8 5.6 Proceeds from lessor debt financing 43.2 12.0 5.6 Subtotal$435.5 (0.4) 27.3 NCR Atleos acquisition cash flows(a) — — 4.7 Free cash flow before dividends(a)$435.5 (0.4) 32.0 (a) Free cash flow before dividends is a supplemental financial measure that is not required by, or presented in accordance with, GAAP. See page 13 for further information on this non-GAAP measure, and see page 14 for descriptions of the adjustments.
Brink’s (NYSE:BCO – Get Free Report) is expected to be announcing its Q2 2026 results before the market opens on Wednesday, August 5th. Analysts expect Brink’s to announce earnings of $2.04 per share and revenue of $1.3874 billion for the quarter. Brink’s has set its Q2 2026 guidance at 1.850-2.250 EPS. Investors are encouraged to explore the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Wednesday, August 5, 2026 at 9:00 AM ET.
Brink’s (NYSE:BCO – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.80 EPS for the quarter, topping the consensus estimate of $1.59 by $0.21. Brink’s had a return on equity of 87.38% and a net margin of 3.35%.The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the business posted $1.62 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts expect Brink’s to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Brink’s Trading Down 2.4% Shares of BCO stock opened at $115.65 on Tuesday. The firm has a market capitalization of $4.76 billion, a P/E ratio of 27.02 and a beta of 1.06. Brink’s has a 1 year low of $84.99 and a 1 year high of $136.37. The firm’s fifty day simple moving average is $106.20 and its 200 day simple moving average is $111.69. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 9.75.
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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, July 27th will be issued a dividend of $0.255 per share. The ex-dividend date is Monday, July 27th. This represents a $1.02 annualized dividend and a dividend yield of 0.9%. Brink’s’s payout ratio is presently 23.83%.
Wall Street Analysts Forecast Growth A number of research analysts have recently commented on the stock. Wall Street Zen lowered shares of Brink’s from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings lowered Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Brink’s presently has an average rating of “Moderate Buy” and a consensus price target of $154.00.
Read Our Latest Analysis on Brink’s
Institutional Inflows and Outflows Hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. lifted its holdings in Brink’s by 7.9% during the 4th quarter. Invesco Ltd. now owns 124,279 shares of the business services provider’s stock valued at $14,507,000 after purchasing an additional 9,111 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Brink’s during the fourth quarter worth about $292,000. First Citizens Bank & Trust Co. acquired a new stake in shares of Brink’s during the fourth quarter worth approximately $480,000. XTX Topco Ltd acquired a new stake in shares of Brink’s during the fourth quarter worth approximately $1,249,000. Finally, VARCOV Co. bought a new position in shares of Brink’s in the fourth quarter valued at approximately $385,000. 94.96% of the stock is owned by institutional investors.
Brink’s Company Profile (Get Free Report)
The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.
Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.
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Private equity thrives on predictable free cash flow to service acquisition debt, depressed valuations, underleveraged balance sheets, clear operational levers, and a market cap fitting a sponsor’s deployment window. When a name checks every box, the buyout math becomes straightforward.
Four mid-cap names outside the daily headline cycle look built for the leveraged buyout playbook. Here they are, counted down from least to most likely.
4. DXC Technology DXC Technology (NYSE:DXC | DXC Price Prediction) is the deepest value name on this list. Market cap is roughly $1.6 billion against an EV/EBITDA of 2.4x and a price-to-sales of 0.12. Shares closed at $10.05 on July 24, down 31.1% over the past year, versus an analyst target of $11.29.
FY26 total cash flow from operating activities of $1.036 billion against a sub-$2 billion equity value is the kind of yield PE sponsors dream about. CEO Raul Fernandez has shrunk net debt by $1.1 billion over two years, and the Insurance Software & Services unit (bookings +20.3%) is a natural carve-out. However, organic revenue declined 6.6% in Q4, and insiders sold heavily in mid-May at prices as low as $8.94. Plausible acquirers include Apollo or Silver Lake, with the insurance software asset potentially spun off to a strategic buyer such as Duck Creek’s owner.
3. Genpact Genpact (NYSE:G) carries private-equity DNA (spun out of General Electric via Bain and General Atlantic) and trades as if the market has forgotten it. Shares at $31.26 are down 30.7% over the past year, well below the $39.27 analyst target. Trailing P/E is 9x with a beta of just 0.618.
The BPO contract base generates $812.9 million in operating cash flow, with FY25 free cash flow of $734.7 million. Advanced Technology Solutions grew 24.3% in Q1 and now accounts for 27% of revenue, a high-margin engine a sponsor could accelerate. Risks include rising labor costs in India and AI displacing traditional outsourcing seats. Bain Capital or CD&R are natural acquirers.
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2. Brink’s Brink’s (NYSE:BCO) is the textbook hard-asset leveraged buyout: armored trucks, vaults, and a subscription-style ATM Managed Services book growing 22% organically in Q4. FY25 free cash flow totaled $436.4 million, and adjusted EBITDA reached $977 million. Shares at $122.00 trade at an EV/EBITDA of 9x, versus a consensus analyst target of $154.00.
Insiders are quietly accumulating. CEO Mark Eubanks acquired program units in each of April, May, and June 2026 as the stock drifted from $115.63 down to $91.05. Risk: net debt leverage is already 2.7x EBITDA, limiting sponsor leverage capacity. Likely acquirer: Apollo or a strategic bolt-on from Loomis.
1. OpenText OpenText (NASDAQ:OTEX) is the cleanest LBO setup, given enterprise information management with roughly 82% annual recurring revenue, 34.1% adjusted EBITDA margins, and 21 consecutive quarters of organic cloud growth. Shares at $22.37 are down 26.0% over the past year, trading at a forward P/E of 5x and EV/EBITDA of 6.6x, against a $29.00 analyst target.
New CEO Ayman Antoun (since April 20, 2026) is running a strategic reassessment while executing a $500 million buyback and shedding non-core assets (eDOCS at $163 million, Vertica at $150 million). Executive Chair Tom Jenkins said the team is “disciplined sellers” who “will not be doing any so-called fire sales.” Free cash flow guidance was raised to 22% to 25% growth. Note that the aggressive dividend and buyback ($683 million combined in FY25) would compete with new LBO debt service. Plausible acquirers include Thoma Bravo, Vista Equity, and KKR.
What Happens to Shareholders When a Buyout Hits These four names fit the LBO template because they generate more cash than their equity values imply, have identifiable levers a sponsor can pull, and trade at multiples leaving room for a takeout premium. Historically, PE buyouts arrive with a 20% to 40% cash premium to the pre-deal price. OpenText tops this list because the ingredients (recurring software revenue, expanding margins, a new CEO, active divestitures, an expanding buyback, and a valuation well below fair value) are already in place. Whether or not a sponsor calls, disciplined investors will keep an eye on the stock.
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Fifth Third Bancorp grew its stake in shares of Brink’s Company (The) (NYSE:BCO – Free Report) by 5,583.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,098 shares of the business services provider’s stock after acquiring an additional 23,674 shares during the period. Fifth Third Bancorp owned about 0.06% of Brink’s worth $2,497,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in Brink’s by 150.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 243 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 146 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Brink’s during the third quarter worth $33,000. Global Retirement Partners LLC purchased a new stake in Brink’s during the fourth quarter worth $39,000. Wexford Capital LP acquired a new stake in Brink’s in the third quarter valued at $42,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Brink’s by 161.5% in the second quarter. EverSource Wealth Advisors LLC now owns 523 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 94.96% of the company’s stock.
Brink’s Stock Performance NYSE BCO opened at $123.03 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 9.75. Brink’s Company has a fifty-two week low of $84.99 and a fifty-two week high of $136.37. The business has a fifty day moving average of $103.56 and a 200-day moving average of $111.79. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 28.74 and a beta of 1.06.
Brink’s (NYSE:BCO – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.21. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.36 billion. Brink’s had a return on equity of 87.38% and a net margin of 3.35%.The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.62 earnings per share. Brink’s has set its Q2 2026 guidance at 1.850-2.250 EPS. As a group, analysts predict that Brink’s Company will post 9.14 earnings per share for the current fiscal year.
Brink’s Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, July 27th will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, July 27th. Brink’s’s payout ratio is currently 23.83%.
Analyst Ratings Changes Separately, Weiss Ratings cut Brink’s from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $154.00.
Check Out Our Latest Stock Report on BCO
Brink’s Company Profile (Free Report)
The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.
Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.
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RICHMOND, Va., July 15, 2026 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE:BCO), a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services, will host a conference call on Wednesday, August 5, at 9:00 a.m. (EDT) to review second-quarter 2026 financial results, which will be released earlier that morning.
The conference call can be accessed by calling 888-349-0094 (in the U.S.) or 412-902-0124 (international). Participants should join at least five minutes prior to the start of the call.
Participants can pre-register at https://dpregister.com/sreg/10210013/1044abca2fb to receive a direct dial-in number for the call. The call also will be accessible via live webcast at https://event.choruscall.com/mediaframe/webcast.html?webcastid=tA72Sjv5.
A replay of the call will be available through August 12, 2026 at (855) 669-9658 (in the U.S.) or (412) 317-0088 (international). The conference number is 4560221. A webcast replay will also be available on the Brink’s Investor Relations site in the Events section.
About The Brink’s Company
The Brink’s Company (NYSE:BCO) is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Our network of operations in 51 countries serves customers in more than 100 countries. For more information, please visit our website at www.brinks.com or call 804-289-9709.
July 10, 2026 14:43 ET | Source: The Brink’s Company
RICHMOND, Va., July 10, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of The Brink’s Company (NYSE:BCO) today declared a regular quarterly dividend of $0.255 per share on the Company’s common stock. The dividend is payable on September 1, 2026, to shareholders of record as of July 27, 2026.
About The Brink’s Company
The Brink’s Company (NYSE:BCO), a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Our network of operations in 51 countries serves customers in more than 100 countries. For more information, please visit our website at www.brinks.com or call 804-289-9709.
June 30, 2026 11:04 ET | Source: The Brink’s Company; NCR Atleos
RICHMOND, Va. and ATLANTA, Ga., June 30, 2026 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE: BCO) and NCR Atleos Corporation (NYSE: NATL) announced today that Brink’s shareholders and NCR Atleos’ stockholders overwhelmingly voted to approve Brink’s previously announced acquisition of NCR Atleos at special meetings held earlier today. These approvals represent a significant milestone toward the completion of the transaction, whereby Brink’s will acquire NCR Atleos and bring together the two companies’ complementary products, services and software to provide an even broader set of solutions for financial institutions and retail customers.
“Today’s votes mark a significant step forward in bringing together our two great companies and reflect strong shareholder support for the future of the combined business and the value it can create,” said Mark Eubanks, President and Chief Executive Officer of The Brink’s Company. “This combination will expand our presence in ATM managed services and digital retail solutions, enabling us to deliver a broader and more innovative set of offerings to our customers. With these expanded capabilities, we will be well positioned to serve customers more effectively and pursue attractive growth opportunities in large markets in the U.S. and abroad.”
Tim Oliver, President and Chief Executive Officer of NCR Atleos, said, “We thank our stockholders for their support, which reaffirms their confidence in the future value creation potential of the combined company. With Brink’s, we have the unique opportunity to accelerate the outstanding work the NCR Atleos team has accomplished and deliver enhanced offerings and more value to our customers.”
The transaction has also received clearance under the Hart-Scott-Rodino Antitrust Improvements Act and is expected to close by the end of the first quarter of 2027, subject to satisfaction of the remaining regulatory approvals and other customary closing conditions.
Additional information regarding the transaction is available in the joint proxy statement/prospectus filed with the U.S. Securities and Exchange Commission (the “SEC”). Detailed voting results will be disclosed in Form 8-K filings with the SEC by each company.
About The Brink’s Company
The Brink’s Company (NYSE: BCO) is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Our network of operations in 51 countries serves customers in more than 100 countries. For more information, please visit our website at www.brinks.com.
About NCR Atleos
NCR Atleos (NYSE: NATL) is a leader in expanding self-service financial access, with industry-leading ATM expertise and experience, unrivalled operational scale including the largest independently-owned ATM network, always-on global services and constant innovation. NCR Atleos improves operational efficiency for financial institutions, drives footfall for retailers and enables digital-first financial self-service experiences for consumers. For more information, visit www.ncratleos.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “assume,” “can,” “could,” “estimate,” “expect,” “target,” “possible,” “project,” “predict,” “intend,” “plan,” “believe,” “potential,” “may,” “should”, “will” and similar expressions are based on current expectations and assumptions and are subject to risks, uncertainties and contingencies, many of which are beyond our control and difficult to predict or quantify, and which could cause actual results to differ materially from those that are anticipated.
Factors that could cause actual results to differ include, but are not limited to: Brink’s ability to consummate the acquisition of NCR Atleos (the “Transaction”); the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive agreement with respect to the Transaction; Brink’s ability to finance the Transaction; Brink’s indebtedness, including the substantial indebtedness Brink’s will incur in connection with the Transaction and the need to generate sufficient cash flows to service and repay such indebtedness; failure to consummate any anticipated repayment of the combined company’s indebtedness or make any returns to shareholders in the expected timeframe or at all; failure to obtain applicable regulatory approvals in a timely manner or otherwise; failure to satisfy any other conditions to closing of the Transaction; failure to realize the anticipated benefits and synergies of the Transaction in the expected timeframe or at all, including as a result of a delay in consummating the Transaction; the success of integration plans and the time required to successfully integrate NCR Atleos’ operations with those of Brink’s; the focus of management’s time and attention on the Transaction and other potential disruptions arising from the Transaction; the effects of the announcement of the Transaction on Brink’s or NCR Atleos’ businesses; that operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with banks, employees, customers or suppliers) may be greater than expected following the public announcement of the Transaction; Brink’s or NCR Atleos’ ability to retain certain key employees following the public announcement of the Transaction; litigation related to the Transaction; Brink’s or NCR Atleos’ ability to obtain certain third party or governmental regulatory consents, approvals or clearances; potential undisclosed liabilities of NCR Atleos not identified during the due diligence process; the impact of the Transaction on the market price of Brink’s or NCR Atleos’ common stock and/or operating results; and general economic conditions that are less favorable than expected.
Additional information concerning other risk factors is also contained in Part I, Item 1A “Risk Factors” of (i) Brink’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 26, 2026, and (ii) NCR Atleos’ Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 27, 2026 and, in each case, in subsequent filings with the SEC.
The forward-looking information included in this press release is representative only as of the date of the communications included in this press release and Brink’s and NCR Atleos undertake no obligation to update, revise or clarify any information contained in this press release or forward-looking statements that may be made from time to time on either of their behalf, whether as a result of new information, future events or otherwise, except as required by law.
Algert Global LLC lifted its holdings in shares of Brink's Company (The) (NYSE: BCO) by 382.8% during the undefined quarter, according to its most recent disclosure with the SEC. The institutional investor owned 172,880 shares of the business services provider's stock after purchasing an additional 137,069 shares during the quarter. Algert Global LLC
SG Americas Securities LLC boosted its stake in shares of Brink’s Company (The) (NYSE:BCO – Free Report) by 176.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,925 shares of the business services provider’s stock after buying an additional 10,172 shares during the period. SG Americas Securities LLC’s holdings in Brink’s were worth $1,859,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Jackson Creek Investment Advisors LLC acquired a new stake in Brink’s in the 3rd quarter valued at approximately $2,332,000. JPMorgan Chase & Co. boosted its position in Brink’s by 34.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 206,737 shares of the business services provider’s stock worth $24,159,000 after acquiring an additional 52,444 shares during the last quarter. LSV Asset Management grew its stake in shares of Brink’s by 16.3% during the 3rd quarter. LSV Asset Management now owns 1,256,385 shares of the business services provider’s stock worth $146,821,000 after acquiring an additional 175,773 shares in the last quarter. Barclays PLC grew its stake in shares of Brink’s by 78.2% during the 3rd quarter. Barclays PLC now owns 370,700 shares of the business services provider’s stock worth $43,320,000 after acquiring an additional 162,677 shares in the last quarter. Finally, Algert Global LLC increased its stake in Brink’s by 382.8% in the 3rd quarter. Algert Global LLC now owns 172,880 shares of the business services provider’s stock valued at $20,203,000 after buying an additional 137,069 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets Several brokerages recently commented on BCO. The Goldman Sachs Group increased their price target on Brink’s from $129.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Truist Financial lifted their price objective on shares of Brink’s from $138.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Finally, Wall Street Zen upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $154.00.
Check Out Our Latest Research Report on BCO
Brink’s Price Performance Shares of NYSE:BCO opened at $103.40 on Monday. The firm has a 50 day moving average of $118.23 and a 200-day moving average of $116.85. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 9.35. Brink’s Company has a 12 month low of $80.10 and a 12 month high of $136.37. The stock has a market capitalization of $4.25 billion, a PE ratio of 22.05 and a beta of 1.12.
Brink’s (NYSE:BCO – Get Free Report) last issued its earnings results on Thursday, February 26th. The business services provider reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.07. Brink’s had a return on equity of 89.90% and a net margin of 3.80%.The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the business posted $2.12 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts predict that Brink’s Company will post 6.49 EPS for the current fiscal year.
Brink’s Announces Dividend The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.0%. Brink’s’s dividend payout ratio is 21.75%.
Brink’s declared that its board has initiated a share buyback program on Thursday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the business services provider to repurchase up to 15.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
Brink’s Profile (Free Report)
The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.
Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.
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April 06, 2026 16:47 ET | Source: The Brink’s Company
RICHMOND, Va., April 06, 2026 (GLOBE NEWSWIRE) -- On March 31, 2026, The Brink’s Company (NYSE:BCO) (“Brink’s”), a leading global provider of cash and valuables management, digital retail solutions and ATM managed services, completed an amendment and extension of its existing credit facility (the “amended and restated credit agreement”).
The amended and restated credit agreement increases the size of the existing credit facility from $2.225 billion to $3.85 billion. The increase is structured as a $1.025 billion delayed draw term loan and a $600 million increased revolving credit commitment, and the proceeds are intended to be used to fund part of the cash consideration for Brink’s potential acquisition of NCR Atleos Corporation (“NCR Atleos”), refinance indebtedness of NCR Atleos, and fund general corporate purposes. The amended and restated credit agreement will mature on March 31, 2031. Pricing is expected to remain at Term SOFR + 150 basis points through the consummation of Brink’s proposed acquisition of NCR Atleos, subject to Brink’s consolidated net leverage ratio in accordance with the terms of the amended and restated credit agreement. The acquisition remains subject to customary closing conditions, including regulatory approval and shareholder approvals from both companies.
“We’re excited by the strong interest from our expanded bank group and the significant oversubscription,” said Brink’s Executive Vice President and Chief Financial Officer, Kurt McMaken. “Increasing the size of our existing credit facility, while maintaining current pricing and enhancing certain terms and conditions, reflects our financial partners’ continued confidence in our outlook as we work toward completing the NCR Atleos acquisition. With this important financing milestone secured, we intend to continue to move methodically through the remaining steps needed to close the acquisition”
About The Brink’s Company
The Brink’s Company (NYSE:BCO) is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Our customers include financial institutions, retailers, government agencies, mints, jewelers, and other commercial operations. Our network of operations in 51 countries serves customers in more than 100 countries. For more information, please visit our website at www.brinks.com.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “assume,” “could,” “estimate,” “expect,” “target,” “possible,” “project,” “predict,” “intend,” “plan,” “believe,” “potential,” “may,” “should”, “will” and similar expressions are based on current expectations and assumptions and are subject to risks, uncertainties and contingencies, many of which are beyond our control and difficult to predict or quantify, and which could cause actual results to differ materially from those that are anticipated.
Factors that could cause actual results to differ include, but are not limited to: Brink’s ability to consummate the transactions (the “Transactions”) contemplated by the Agreement and Plan of Merger, by and among Brink’s, NCR Atleos, Novus Merger Sub, Inc., a Maryland corporation and wholly owned subsidiary of Brink’s, and Novus Merger Sub II, LLC, a Maryland limited liability company and wholly owned subsidiary of Brink’s (the “Merger Agreement”); the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement; Brink’s ability to finance the Transactions; Brink’s indebtedness, including the substantial indebtedness Brink’s will incur in connection with the Transactions and the need to generate sufficient cash flows to service and repay such debt; failure to consummate any anticipated repayment of the combined company’s indebtedness or make any returns to shareholders in the expected timeframe or at all; failure to obtain applicable regulatory or shareholder approvals in a timely manner or otherwise; failure to satisfy any other conditions to closing of the Transactions; failure to realize the anticipated benefits and synergies of the Transactions in the expected timeframe or at all, including as a result of a delay in consummating the Transactions; the success of integration plans and the time required to successfully integrate NCR Atleos’ operations with those of Brink’s; the focus of management’s time and attention on the Transactions and other potential disruptions arising from the Transactions; the effects of the announcement of the Transactions on Brink’s or NCR Atleos’ businesses; that operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with banks, employees, customers or suppliers) may be greater than expected following the public announcement of the Transactions; Brink’s or NCR Atleos’ ability to retain certain key employees following the public announcement of the Transactions; the potential for litigation related to the Transactions; Brink’s or NCR Atleos’ ability to obtain certain third party or governmental regulatory consents, approvals or clearances; potential undisclosed liabilities of NCR Atleos not identified during the due diligence process; the impact of the Transactions on the market price of Brink’s or NCR Atleos’ common stock and/or operating results; and general economic conditions that are less favorable than expected.
Additional information concerning other risk factors is also contained in Part I, Item 1A “Risk Factors” of (i) Brink’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the “SEC”) on February 26, 2026, and (ii) NCR Atleos’ Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 27, 2026, and, in each case, in subsequent filings with the SEC.
The forward-looking information included in this release is representative only as of the date of this release and Brink’s and NCR Atleos undertake no obligation to update, revise or clarify any information contained in this release or forward-looking statements that may be made from time to time on either of their behalf, whether as a result of new information, future events or otherwise, except as required by law.
Additional Information and Where to Find It
In connection with the Transactions, Brink’s will file with the SEC a registration statement on Form S-4, which will include (i) a preliminary joint proxy statement of both companies, the definitive version of which will separately be sent or provided to Brink’s shareholders and NCR Atleos’ stockholders, and (ii) a prospectus of Brink’s relating to the offer of Brink’s securities to be issued to NCR Atleos’ stockholders in connection with the completion of the Transactions. Brink’s and NCR Atleos may also file other documents with the SEC regarding the Transactions. This release is not a substitute for the Registration Statement, the preliminary proxy statement/prospectus or any other document which Brink’s or NCR Atleos may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PRELIMINARY PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTIONS AND RELATED MATTERS.
Investors and security holders may obtain free copies of the preliminary proxy statement/prospectus (when it is available) and other documents that are filed with the SEC or will be filed with the SEC by Brink’s or NCR Atleos (when they become available) through the website maintained by the SEC at http://www.sec.gov or from Brink’s at its website, https://us.brinks.com/ or from NCR Atleos at its website, https://investor.ncratleos.com/.
Participants in the Solicitation
Brink’s, NCR Atleos, and certain of their directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Brink’s or the stockholders of NCR Atleos in connection with the Transactions under the rules of the SEC. Information about the interests of the directors and executive officers of Brink’s and NCR Atleos and other persons who may be deemed to be participants in the solicitation of shareholders of Brink’s or the stockholders of NCR Atleos in connection with the Transactions and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the preliminary proxy statement/prospectus related to the Transactions, which will be filed with the SEC. Additional information (i) about Brink’s, the directors and executive officers of Brink’s and their ownership of Brink’s common stock can also be found in its Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on February 26, 2026, and its definitive proxy statement, as filed with the SEC on March 20, 2026, and other documents subsequently filed by Brink’s with the SEC and (ii) about NCR Atleos, the directors and executive officers of NCR Atleos and their ownership of NCR Atleos Common Stock can also be found in its Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on February 27, 2026, and its definitive proxy statement, as filed with the SEC on April 4, 2025, and other documents subsequently filed by NCR Atleos with the SEC. Free copies of these documents may be obtained as described above. To the extent holdings of Brink’s or NCR Atleos’ securities by its directors or executive officers have changed since the amounts set forth in such documents, such changes have been or will be reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Beneficial Ownership on Form 4 filed with the SEC. Additional information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be included in the preliminary proxy statement/prospectus relating to the Transactions when it is filed with the SEC.
No Offer or Solicitation
This release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities or the solicitation of any vote or approval with respect to the Transactions. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
I reiterate my buy rating on The Brink's Company, driven by accelerating recurring-revenue growth and a compelling valuation at 11x forward PE. AMS/DRS organic growth has reached 22%, now comprising 28% of revenue, with management guiding for a 30-32% mix and mid-to-high teens growth by 2026. The $6.6B NATL acquisition offers a second growth leg, broadening BCO's service offering, targeting $200M in synergies, and is expected to be 35% EPS accretive post-close.
Allspring Global Investments Holdings LLC decreased its holdings in shares of Brink’s Company (The) (NYSE:BCO – Free Report) by 57.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,951 shares of the business services provider’s stock after selling 25,660 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Brink’s were worth $2,207,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in BCO. Caldwell Trust Co acquired a new position in Brink’s during the second quarter worth $27,000. Advisory Services Network LLC acquired a new stake in Brink’s in the third quarter valued at $33,000. Mather Group LLC. acquired a new stake in Brink’s in the third quarter valued at $34,000. Optiver Holding B.V. lifted its stake in Brink’s by 42.9% in the third quarter. Optiver Holding B.V. now owns 353 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 106 shares during the last quarter. Finally, Wexford Capital LP acquired a new stake in Brink’s in the third quarter valued at $42,000. Institutional investors and hedge funds own 94.96% of the company’s stock.
Brink’s Stock Performance Shares of BCO stock opened at $106.14 on Thursday. The stock has a market cap of $4.37 billion, a P/E ratio of 22.63 and a beta of 1.12. The company has a debt-to-equity ratio of 9.35, a current ratio of 1.51 and a quick ratio of 1.51. The company has a fifty day moving average price of $116.96 and a two-hundred day moving average price of $116.62. Brink’s Company has a one year low of $80.10 and a one year high of $136.37.
Brink’s (NYSE:BCO – Get Free Report) last posted its earnings results on Thursday, February 26th. The business services provider reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.07. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Brink’s had a net margin of 3.80% and a return on equity of 89.90%. Brink’s’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.12 EPS. As a group, equities analysts predict that Brink’s Company will post 6.49 EPS for the current year.
Brink’s Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, February 2nd. Brink’s’s dividend payout ratio (DPR) is currently 21.75%.
Brink’s announced that its board has initiated a share repurchase program on Thursday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the business services provider to reacquire up to 15.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
Analyst Upgrades and Downgrades A number of analysts have commented on BCO shares. Wall Street Zen upgraded shares of Brink’s from a “buy” rating to a “strong-buy” rating in a research note on Sunday, March 15th. Truist Financial increased their price target on shares of Brink’s from $138.00 to $163.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, The Goldman Sachs Group increased their price target on shares of Brink’s from $129.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Brink’s has a consensus rating of “Moderate Buy” and an average target price of $154.00.
Read Our Latest Analysis on Brink’s
Brink’s Profile (Free Report)
The Brink’s Company (NYSE: BCO) is a global leader in secure logistics and cash management solutions. The company provides a comprehensive suite of services that span armored transportation, cash-in-transit (CIT), ATM services, smart safe solutions, and valuables storage. Through its network of service centers and armored vehicles, Brink’s ensures the safe and efficient movement of currency, precious metals, and other high-value assets for banks, retailers, mints, and government agencies.
Brink’s armored transport operations are complemented by technology-driven cash management offerings, including deposit automation and secure vaulting.
See Also Five stocks we like better than Brink’s Want to see what other hedge funds are holding BCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brink’s Company (The) (NYSE:BCO – Free Report).
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RICHMOND, Va., April 15, 2026 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE:BCO), a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services, will host a conference call on Wednesday, May 6, at 9:00 a.m. (EDT) to review first-quarter 2026 financial results, which will be released earlier that morning.
The conference call can be accessed by calling 888-349-0094 (in the U.S.) or 412-902-0124 (international). Participants should join at least five minutes prior to the start of the call.
Participants can pre-register at https://dpregister.com/sreg/10208418/103d8e3323a to receive a direct dial-in number for the call. The call also will be accessible via live webcast at https://event.choruscall.com/mediaframe/webcast.html?webcastid=WtFtsDVo.
A replay of the call will be available through May 13, 2026 at (855) 669-9658 (in the U.S.) or (412) 317-0088 (international). The conference number is 5852169. A webcast replay will also be available on the Brink’s Investor Relations site in the Events section.
About The Brink’s Company
The Brink’s Company (NYSE:BCO) is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Our network of operations in 51 countries serves customers in more than 100 countries. For more information, please visit our website at www.brinks.com or call 804-289-9709.
April 29, 2026 16:07 ET | Source: The Brink’s Company
RICHMOND, Va., April 29, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of The Brink’s Company (NYSE:BCO) today declared a regular quarterly dividend of $0.255 per share on the Company’s common stock. The dividend is payable on June 1, 2026, to shareholders of record as of May 18, 2026.
About The Brink’s Company
The Brink’s Company (NYSE:BCO), a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Our network of operations in 51 countries serves customers in more than 100 countries. For more information, please visit our website at www.brinks.com or call 804-289-9709.
MasterCard (MA - Free Report) came out with quarterly earnings of $4.6 per share, beating the Zacks Consensus Estimate of $4.4 per share. This compares to earnings of $3.73 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +4.56%. A quarter ago, it was expected that this processor of debit and credit card payments would post earnings of $4.2 per share when it actually produced earnings of $4.76, delivering a surprise of +13.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
MasterCard, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $8.4 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.26%. This compares to year-ago revenues of $7.25 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
MasterCard shares have lost about 8% since the beginning of the year versus the S&P 500's gain of 4.2%.
What's Next for MasterCard?While MasterCard has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for MasterCard was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.83 on $9.12 billion in revenues for the coming quarter and $19.52 on $36.96 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial Transaction Services is currently in the top 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Brink's (BCO - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 6.
This armored car company is expected to post quarterly earnings of $1.68 per share in its upcoming report, which represents a year-over-year change of +3.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Brink's' revenues are expected to be $1.36 billion, up 9.3% from the year-ago quarter.
ADT (ADT +0.82%), a provider of security, interactive, and smart home solutions in the United States, closed at $7.06, down 6.49%. Shares fell after news that Apollo Global Management would fully exit its position through a 102 million-share secondary offering. Investors are watching the impact of increased share supply and the company's concurrent buyback.
The company’s trading volume reached 50.1 million shares, which is about 309% above compared with its three-month average of 12.3 million shares. ADT went public in 2018 and has fallen 43% since its IPO.
How the markets moved todayS&P 500 (^GSPC +0.31%) slipped 0.41% to 7,200.75, while the Nasdaq Composite (^IXIC +0.10%) edged down 0.19% to 25,067.8. Among security & protection services peers, Brink's (BCO +1.39%) closed at $104.38 (-2.88%) and Allegion (ALLE +0.51%) finished at $132.49 (-2.21%), reflecting broader weakness across security-focused names.
What this means for investorsADT shares fell after Apollo-affiliated holders priced a secondary offering of about 102 million shares, representing Apollo’s remaining stake in the company. ADT itself is not selling shares and will not receive any proceeds from this deal, making the transaction a major shareholder exit rather than a capital raise for the company.
ADT is also repurchasing approximately 29.1 million shares from the underwriters under its existing $1.5 billion authorization, which accounts for less than one-third of the shares being sold in the offering. While the repurchase helps absorb some of the near-term supply, the primary concern for investors is the stock’s performance following Apollo’s exit and whether ADT’s buyback activity can mitigate downward pressure resulting from the block sale.
Eric Trie has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Revenue growth of 10% with 4.5% organic growth and 15% AMS/DRS organic growth
Cash flows provided by operating activities increased $89M and free cash flow was up $66M
NCR Atleos acquisition remains on track to close by the end of the first quarter of 2027
RICHMOND, Va., May 06, 2026 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSE:BCO), a leading global provider of cash and valuables management, digital retail solutions ("DRS"), and ATM managed services ("AMS"), today announced first-quarter results.
Mark Eubanks, president and CEO, said: “We delivered a strong first quarter, as we continue to make progress against our strategic priorities. Double-digit top-line growth featured strong performance in the higher-margin AMS, DRS and global services lines of business. Favorable revenue mix, good pricing discipline, and continued cost productivity drove EBITDA margin expansion in the quarter. We continue to deliver sustainable improvements in cash generation with trailing-twelve-month free cash flow surpassing $500 million in the quarter for the first time in our history."
"With the registration statement filed last week, we continue to make progress on our acquisition of NCR Atleos. We have a dedicated integration management team that is working to plan and prepare for execution on our $200M annual run-rate cost synergy targets and will eventually lead the synergy capture and integration in the combined company. The regulatory approval process is well underway and progressing as expected. We remain on track for closing by the end of the first quarter of 2027 and are excited about the value creation potential of the combination."
First-quarter results are summarized in the following table:
(In millions, except for per share amounts)First-Quarter 2026 (vs. 2025) GAAP Change Non-GAAP Change Constant Currency Change(b)Revenue$1,375 10% $1,375 10% 5%Operating Profit$110 (7)% $168 12% 7%Operating Profit Margin 8.0% (160 bps) 12.2% 10 bps 30 bps Net Income / Adjusted EBITDA(a)$32 (38%) $238 10% 6%EPS$0.77 (35%) $1.80 11% 4% (a) The non-GAAP financial metric, adjusted EBITDA, is presented with its corresponding GAAP metric, net income attributable to Brink's.
(b) Constant currency represents 2026 Non-GAAP results at 2025 exchange rates.
2026 Non-GAAP Framework and Q2 2026 Non-GAAP Guidance (Unaudited)
(In millions, except for percentages and per share amounts)
In 2026, management has included additional guidance to better help investors understand currency impacts on our results. Management believes organic revenue growth, adjusted EBITDA margin expansion and free cash flow conversion performance, provided in our 2026 framework, gives investors better visibility into the performance of our business. In addition to our full-year 2026 framework, we have added quarterly guidance for revenue, adjusted EBITDA and non-GAAP EPS in 2026 to clarify the expected impact of near-term currency trends and volatile economic conditions on our results. When, and if, currency volatility lessens, management may return to the previous annual guidance methodology. Revenue guidance is presented in accordance with GAAP.
2026 Non-GAAP FrameworkOrganic Revenue GrowthMid-Single Digits AMS/DRS Organic Revenue GrowthMid-to-High Teens Adjusted EBITDA Margin Expansion30-50bps Free Cash Flow Conversion40-45% Q2 2026
GuidanceRevenue$1,370 - $1,430 Non-GAAP Adjusted EBITDA$245 - $265 Non-GAAP EPS$1.85 - $2.25 The Q2 2026 non-GAAP guidance cannot be reconciled to GAAP without unreasonable effort, as we are unable to accurately forecast certain amounts that are necessary for reconciliation, including the impact of highly inflationary accounting on our Argentina operations, expenses relating to M&A transactions that may or may not occur in the quarter, and other potential non-GAAP adjusting items for which the timing and amounts are uncertain. The Q2 2026 non-GAAP guidance assumes the continuation of current economic trends and reflects management's current assumptions regarding variables that are difficult to accurately forecast, including those discussed in the Risk Factors set forth in the Company's filings with the United States Securities and Exchange Commission.
Conference Call
Brink’s will host a conference call on Wednesday, May 6, 2026, at 9:00 a.m. (EDT) to review first-quarter financial results. The conference call can be accessed by calling 888-349-0094 (in the U.S.) or 412-902-0124 (international). Participants should join at least five minutes prior to the start of the call. Participants can pre-register at https://dpregister.com/sreg/10208418/103d8e3323a to receive a direct dial-in number for the call. The call will also be accessible at https://event.choruscall.com/mediaframe/webcast.html?webcastid=WtFtsDVo. A replay of the call will be available through May 13, 2026, at (855) 669-9658 (in the U.S.) or (412) 317-0088 (international). The conference access code is 5852169. An archived version of the webcast will also be available on our website at http://investors.brinks.com.
The Brink’s Company and subsidiaries
(In millions, except for per share amounts) (Unaudited)
Condensed Consolidated Balance Sheets December 31, 2025 March 31, 2026Assets Current assets: Cash and cash equivalents$1,725.9 1,547.3 Restricted cash 541.0 548.2 Accounts receivable, net 766.0 833.3 Prepaid expenses and other 296.1 346.1 Total current assets 3,329.0 3,274.9 Right-of-use assets, net 388.7 392.7 Property and equipment, net 1,130.5 1,116.1 Goodwill 1,515.3 1,508.7 Other intangibles, net 385.2 368.3 Deferred tax assets, net 237.3 240.4 Other 353.2 374.3 Total assets$7,339.2 7,275.4 Liabilities and Equity Current liabilities: Short-term borrowings 241.1 229.2 Current maturities of long-term debt 163.1 92.8 Accounts payable 319.3 307.8 Accrued liabilities 1,180.2 1,218.8 Restricted cash held for customers 294.2 290.9 Total current liabilities 2,197.9 2,139.5 Long-term debt 3,810.1 3,833.9 Accrued pension costs 147.8 148.9 Retirement benefits other than pensions 120.4 116.4 Lease liabilities 310.2 310.6 Deferred tax liabilities 66.5 62.6 Other 279.0 270.4 Total liabilities 6,931.9 6,882.3 Equity: The Brink's Company ("Brink's") shareholders: Common stock, par value $1 per share: Shares authorized: 100.0 Shares issued and outstanding: 2026 - 41.2; 2025 - 41.1 41.1 41.2 Capital in excess of par value 632.1 619.4 Retained earnings 270.1 265.6 Accumulated other comprehensive income (loss) (665.6) (664.2)Brink's shareholders 277.7 262.0 Noncontrolling interests 129.6 131.1 Total equity 407.3 393.1 Total liabilities and equity$7,339.2 7,275.4 The Brink’s Company and subsidiaries
(In millions) (Unaudited)
Condensed Consolidated Statements of Cash Flows Three Months Ended March 31, 2025 2026Cash flows from operating activities: Net income$53.9 34.8 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation and amortization 70.7 79.7 Share-based compensation expense 5.7 7.1 Deferred income taxes 0.3 (8.7)(Gain) loss on marketable securities, sale of property and equipment and derivatives (8.6) 1.6 Impairment losses 1.6 0.5 Retirement benefit funding (more) less than expense: Pension (1.0) 1.2 Other than pension (4.1) (4.6)Unrealized foreign currency losses 15.6 0.6 Other operating (5.6) 2.0 Changes in operating assets and liabilities, net of effects of acquisitions: Increase in accounts receivable and income taxes receivable (53.1) (78.1)Increase (decrease) in accounts payable, income taxes payable and accrued liabilities (91.1) 4.4 Increase (decrease) in restricted cash held for customers (45.0) 3.2 Increase in customer obligations 38.9 30.0 Increase in prepaid and other current assets (27.5) (31.1)Other (10.9) (13.9)Net cash provided by (used in) operating activities (60.2) 28.7 Cash flows from investing activities: Capital expenditures (58.9) (40.1)Acquisitions, net of cash acquired (5.3) — Marketable securities: Purchases (12.7) (18.8)Sales 14.3 18.4 Cash proceeds from sale of property and equipment 2.6 3.3 Net change in loans held for investment 1.6 1.5 Net change in economic hedges 9.0 (1.2)Other 0.7 0.7 Net cash used in investing activities (48.7) (36.2) Cash flows from financing activities: Borrowings (repayments) of debt: Short-term borrowings (16.5) (11.3)Long-term revolving credit facilities: Borrowings 3,620.0 4,589.1 Repayments (3,627.0) (4,628.3)Other long-term debt: Borrowings 8.1 5.6 Repayments (28.4) (27.5)Acquisition of noncontrolling interest (6.6) — Debt financing costs (0.8) (20.6)Repurchase shares of Brink's common stock (44.8) (30.2)Dividends to: Shareholders of Brink’s (10.4) (10.5)Noncontrolling interests in subsidiaries (0.4) (0.2)Proceeds from exercise of stock options — 0.2 Tax withholdings associated with share-based compensation (17.3) (18.1)Net cash used in financing activities (124.1) (151.8) Effect of exchange rate changes on cash 32.9 (12.1)Cash, cash equivalents and restricted cash: Decrease (200.1) (171.4)Balance at beginning of period 1,840.4 2,266.9 Balance at end of period$1,640.3 2,095.5 Supplemental Cash Flow InformationThree Months Ended March 31, 2025 2026Cash paid for income taxes, net$(28.3) (30.4)Cash paid for interest (52.9) (55.9)Proceeds from lessor debt financing 8.1 3.2 The Brink’s Company and subsidiaries
(In millions, except for per share amounts) (Unaudited)
First-Quarter 2026 vs. 2025 Impact of % Change GAAP Organic Acquisitions / Currency Organic 1Q'25 Change(a) Dispositions(b) Effect(c) 1Q'26 Total Growth(a) Revenues: North America$418 20 — 2 440 5 5 Latin America 308 11 1 24 344 12 4 Europe 319 11 1 35 366 15 3 Rest of World 203 13 — 10 226 12 7 Segment revenues$1,247 56 2 71 1,375 10 4 Revenues$1,247 56 2 71 1,375 10 4 Operating profit: North America$53 8 — — 61 15 15 Latin America 54 1 — 3 57 6 2 Europe 28 8 1 4 40 42 27 Rest of World 47 6 — 2 55 17 13 Segment operating profit 182 22 — 8 213 17 12 Corporate expenses(d) (32) (12) — (2) (45) 41 36 Other items not allocated to segments(d) (32) (30) 3 — (58) 85 96 Operating profit$119 (19) 4 7 110 (7) (16) Amounts may not add due to rounding.
(a) Organic change and organic growth are supplemental financial measures that are not required by, or presented in accordance with, GAAP, and are described in more detail on page 11.
(b) Amounts include the impact of prior year comparable period results for acquired and disposed businesses. This measure is not required by, or presented in accordance with, GAAP and is described in more detail on page 11.
(c) The amounts in the “Currency” column consist of the effects of Argentina devaluations under highly inflationary accounting and the sum of monthly currency changes. This measure is not required by, or presented in accordance with, GAAP and is described in more detail on page 11.
(d) See pages 9-10 for further information, where these items are discussed in more detail.
About The Brink’s Company
The Brink’s Company (NYSE:BCO) is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Our network of operations in 51 countries serves customers in more than 100 countries. For more information, please visit our website at www.brinks.com or call 804-289-9709.
Forward-Looking Statements
This release contains forward-looking information. Words such as "anticipate," "assume," "estimate," "expect," “target,” "project," "predict," "intend," "plan," "believe," "potential," "may," "should" and similar expressions may identify forward-looking information. Forward-looking information in this release includes, but is not limited to: statements made in Mr. Eubanks' quote; second quarter 2026 outlook, including revenue, adjusted EBITDA, and non-GAAP earnings per share (and drivers thereof); full-year 2026 guidance framework, including organic revenue growth, AMS/DRS organic revenue growth, adjusted EBITDA margin expansion, free cash flow conversion and shareholder returns (and the drivers thereof); capital allocation priorities; the impact of U.S. and global macroeconomic conditions; the impact of tariffs and foreign inflation; expected impact from deployment of technology-enabled solutions, including AMS and DRS; the effect of pending legal matters, including the Chile antitrust matter; the impacts of the operating environment in Argentina; the proposed acquisition of NCR Atleos, Inc. ("NCR Atleos"), including: the expected timing and conditions to closing (including receipt of regulatory approvals), the anticipated benefits and synergies of the transaction, the expected financing thereof and the related indebtedness expected to be incurred in connection with the transaction and the ability to service and repay such indebtedness, and effectiveness of the registration statement on Form S-4 and the filing of the related joint proxy statement; and strategic priorities and initiatives, including the Brink’s Business System and technology and systems investments.
Forward-looking information in this document is subject to known and unknown risks, uncertainties and contingencies, which are difficult to predict or quantify, and which could cause actual results, performance or achievements to differ materially from those that are anticipated. These risks, uncertainties and contingencies, many of which are beyond our control, include, but are not limited to: our ability to improve profitability and execute further cost and operational improvement and efficiencies in our core businesses; our ability to improve service levels and quality in our core businesses; market volatility and commodity price fluctuations; general economic issues, including supply chain disruptions, fuel price increases, new or increased international tariffs and/or trade barriers, inflation, recessionary conditions and changes in interest rates; seasonality, pricing and other competitive industry factors; investment in information technology (“IT”) and its impact on revenue and profit growth; risks associated with the usage of artificial intelligence (“AI”) technologies; our ability to maintain an effective IT infrastructure and safeguard confidential information and risks related to a failure of our IT systems and networks, including cloud-based applications, and risks associated with current and emerging technology threats, and damage from computer viruses, unauthorized access and cyber and ransomware attacks, including increasingly sophisticated cyber attacks incorporating the use of AI and other similar disruptions; our ability to effectively develop and implement solutions for our customers; risks associated with operating in foreign countries, including changing political, labor and economic conditions (including political conflict or unrest), regulatory issues (including the imposition of international sanctions, including by the U.S. government), military conflicts (including but not limited to the conflict in Israel, Iran and surrounding areas, as well as the possible expansion of such conflicts and potential geopolitical consequences), currency restrictions and devaluations, restrictions on and cost of repatriating earnings and capital, impact on the Company’s financial results as a result of jurisdictions' higher-than-expected inflation and those determined to be highly inflationary, and restrictive government actions, including nationalization; labor issues, including labor shortages, negotiations with organized labor and work stoppages; pandemics, acts of terrorism, strikes or other extraordinary events that negatively affect global or regional cash commerce; anticipated cash needs in light of our current liquidity position; the strength of the U.S. dollar relative to foreign currencies and foreign currency exchange rates; our ability to identify, evaluate and complete acquisitions and other strategic transactions and to successfully integrate acquired companies; risks related to the proposed acquisition of NCR Atleos, including: the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; the inability to complete the proposed transaction due to the failure to obtain regulatory or shareholder approval or the failure to satisfy other conditions to closing; risks that the proposed transaction disrupts current plans and operations; the focus of management's time and attention on the transaction and other disruptions arising from the proposed transaction; the ability to recognize the anticipated benefits and synergies of the proposed transaction; the amount of the costs, fees, expenses, and charges related to the proposed transaction and financing obtained in connection with the proposed transaction; the ability to obtain regulatory approvals on the terms expected or anticipated schedule; the risk that the proposed transaction and its announcement could have an adverse effect on the ability of the Company to retain customers, retain and hire key personnel and maintain relationships with suppliers, customers and other business relationships and on operating results and business generally; the risk of litigation and/or regulatory actions related to the proposed transaction; costs related to dispositions and product or market exits; our ability to obtain appropriate insurance coverage, positions taken by insurers relative to claims and the financial condition of insurers; safety and security performance and loss experience; employee, environmental and other liabilities in connection with former coal operations, including black lung claims; the impact of the American Rescue Plan Act and Patient Protection and Affordable Care Act on legacy liabilities and ongoing operations; funding requirements, accounting treatment, and investment performance of our pension plans, the VEBA and other employee benefits; changes to estimated liabilities and assets in actuarial assumptions; the nature of hedging relationships and counterparty risk; access to the capital and credit markets; our ability to realize deferred tax assets; the impact of foreign tax credit regulations; the impact of the One Big Beautiful Bill Act; the outcome of pending and future claims, litigation, and administrative proceedings; our ability to comply with regulatory compliance obligations; public perception of our business, reputation and brand; our ability to identify, recruit and retain key employees; changes in estimates and assumptions underlying our critical accounting policies; and the promulgation and adoption of new accounting standards, new government regulations and interpretation of existing standards and regulations.
This list of risks, uncertainties and contingencies is not intended to be exhaustive. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the period ended December 31, 2025, and in the registration statement on Form S-4 filed in connection with the proposed acquisition of NCR Atleos, and in related disclosures in our other public filings with the Securities and Exchange Commission. All risk factors and uncertainties described herein and therein should be considered in evaluating forward-looking statements, and all of the forward-looking statements in this document are expressly qualified by the cautionary statements contained or referred to herein and therein. The actual results or developments anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on the Company or our business or operations. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this document. The forward-looking information included in this document is representative only as of the date of this document and The Brink's Company undertakes no obligation to update, revise or clarify any information contained in this document or forward-looking statements that may be made from time to time on our behalf, whether as a result of new information, future events or otherwise, except as required by law.
The Brink’s Company and subsidiaries
Segment Results: 2025 and 2026 (Unaudited)
(In millions, except for percentages)
Revenues 2025 2026 1Q 2Q 3Q 4Q Full Year 1QRevenues: North America$417.6 434.3 434.8 455.9 1,742.6 $439.6 Latin America 307.6 319.4 326.8 335.8 1,289.6 343.8 Europe 319.0 358.0 375.3 377.2 1,429.5 365.9 Rest of World 202.5 188.8 198.1 210.1 799.5 225.8 Segment revenues$1,246.7 1,300.5 1,335.0 1,379.0 5,261.2 $1,375.1 Operating Profit 2025 2026 1Q 2Q 3Q 4Q Full Year 1QOperating profit: North America$53.1 62.3 56.8 74.5 246.7 $60.9 Latin America 53.9 55.0 65.9 69.1 243.9 57.4 Europe 28.1 42.4 49.9 56.8 177.2 39.9 Rest of World 47.2 38.3 44.1 48.6 178.2 55.0 Segment operating profit 182.3 198.0 216.7 249.0 846.0 213.2 Corporate expenses(a) (31.7) (33.5) (28.5) (42.4) (136.1) (44.8)Other items not allocated to segments(a) Reorganization and Restructuring (0.5) (0.2) (0.3) (0.4) (1.4) — Acquisitions and dispositions (18.5) (25.8) (17.8) (16.4) (78.5) (15.6)Argentina highly inflationary impact (6.3) 1.9 (4.7) (1.1) (10.2) 0.5 NCR Atleos acquisition and transformation initiatives (5.1) (5.4) (8.1) (7.4) (26.0) (38.9)Non-routine legal matters — — — — — (2.8)DOJ/FinCEN investigations (0.9) (0.9) (3.7) (1.0) (6.5) (1.2)Chile antitrust matter (0.2) (0.2) (0.2) (0.2) (0.8) (0.2)Non-routine auto loss matter — — (1.0) — (1.0) — Operating profit$119.1 133.9 152.4 180.1 585.5 $110.2 Operating Margin Percentage 2025 2026 1Q 2Q 3Q 4Q Full Year 1QOperating margin percentage: North America 12.7 14.3 13.1 16.3 14.2 13.9 Latin America 17.5 17.2 20.2 20.6 18.9 16.7 Europe 8.8 11.8 13.3 15.1 12.4 10.9 Rest of World 23.3 20.3 22.3 23.1 22.3 24.4 Segment operating margin percentage 14.6 15.2 16.2 18.1 16.1 15.5 Corporate expenses and Other items not allocated to segments(a) (5.0) (4.9) (4.8) (5.0) (5.0) (7.5)Total operating margin percentage 9.6 10.3 11.4 13.1 11.1 8.0 (a) See explanation of items on pages 9-10.
The Brink’s Company and subsidiaries
Other Items Not Allocated To Segments (Unaudited)
(In millions)
Income and expenses not allocated to segments are reported either as “Corporate Expenses” or “Other Items not Allocated to Segments.”
Corporate Expenses include costs to manage the global business and perform activities required by public companies as well as other items that are considered part of the Company's operations and revenue generating activities but are not considered when the chief operating decision maker ("CODM") evaluates segment results. Examples include corporate staff compensation, corporate headquarters costs, regional management costs, share-based compensation, and currency transaction gains and losses.
Other Items not Allocated to Segments include income and expenses that are not necessary to operate our business in the ordinary course and are not considered when the CODM evaluates segment results. These include non-recurring as well as certain recurring costs and gains which are not considered to be part of the Company's operations and revenue generating activities. Each of the items in the “Other Items Not Allocated to Segments” category is excluded from non-GAAP measures.
See below for a summary of the other items not allocated to segments.
Reorganization and Restructuring
Costs associated with certain reorganization and restructuring actions were excluded from reported non-GAAP results. These items included primarily severance charges and asset impairment losses. These costs related to global restructuring initiatives, completed in prior years, mainly to mitigate the impact of external economic conditions in light of the COVID-19 pandemic. Due to the unusual nature of the underlying events that led to these actions, the charges are not considered part of the Company's operations and revenue generating activities. Management has excluded these amounts when evaluating internal performance. As such, they have not been allocated to segment or Corporate results and are excluded from non-GAAP results.
Acquisitions and dispositions
Certain acquisition and disposition items are not part of the Company's operations and revenue generating activities. These items include non-cash amortization expense for acquisition-related intangible assets, as well as integration, transaction, restructuring and certain compensation costs. All of the items are significantly impacted by the timing and nature of our acquisitions and dispositions, and many are inconsistent in amount and frequency. Management has excluded these amounts when evaluating internal performance. Therefore, we have not allocated these amounts to segment or Corporate results and have excluded these amounts from non-GAAP results.
These items are described below:
2026 Acquisitions and Dispositions
Amortization expense for acquisition-related intangible assets was $14.9 million in the first three months of 2026. 2025 Acquisitions and Dispositions
Amortization expense for acquisition-related intangible assets was $58.9 million in 2025.Restructuring costs related to acquisitions were $11.8 million in 2025.Net charges of $2.2 million were incurred for post-acquisition adjustments to indemnification assets related to previous business acquisitions.We incurred $3.8 million in integration costs in 2025.Transaction costs related to business acquisitions were $2.7 million in 2025. Argentina highly inflationary impact Beginning in the third quarter of 2018, we designated Argentina's economy as highly inflationary for accounting purposes. As a result, Argentine peso-denominated monetary assets and liabilities are now remeasured at each balance sheet date to the currency exchange rate then in effect, with currency remeasurement gains and losses recognized in earnings. In addition, nonmonetary assets retain a higher historical basis when the currency is devalued. The higher historical basis results in incremental expense being recognized when the nonmonetary assets are consumed. In 2025, we recognized $10.2 million in pretax charges in operating profit related to highly inflationary accounting, including currency remeasurement losses of $17.0 million. In the first three months of 2026, we recognized a net $0.5 million pretax gain in operating profit related to highly inflationary accounting, including currency remeasurement gains of $1.4 million. Highly inflationary adjustments also impact gains and losses on marketable securities due to the change in exchange rates. These non-cash charges are not part of the Company's operations and revenue generating activities. Management has excluded these amounts when evaluating internal performance. As such, they have not been allocated to segment or Corporate results and are excluded from non-GAAP results.
NCR Atleos acquisition and transformation initiatives On February 26, 2026, we entered into a definitive agreement to acquire NCR Atleos. The transaction is expected to close in the first quarter of 2027, subject to regulatory approval and other customary closing conditions. This acquisition represents a significant strategic step for Brink’s, expanding the scale of the combined company and supporting continued growth in our AMS and DRS offerings, which reflect an increasing portion of our business mix.
During 2023, we initiated a multi-year program intended to accelerate growth and drive margin expansion through transformation of our business model. The program is designed to help us standardize and streamline our commercial and operational systems and processes, as well as back-office functions, including finance and information technology. The efforts will drive continuous improvement and achieve operational excellence.
Accordingly, we incurred $26.0 million of expense in 2025, which primarily included third-party professional services, project management charges, and severance. During the first three months of 2026, we incurred $38.9 million of related costs, including fees to attorneys, accountants and other professional advisors related to the NCR Atleos acquisition as well as severance costs and third-party professional services. Because these expenses are associated with discrete transformation initiatives, they are not reflective of our ongoing operating cost structure and are not indicative of our core operating expenses or normal activities. Accordingly, management has excluded these amounts when evaluating internal performance. As such, they have not been allocated to segment or Corporate results and are excluded from non-GAAP results.
Non-routine legal matters In the first quarter of 2026, we recognized $2.8 million of probable losses in connection with non-routine legal matters. These costs relate to fact-specific matters that management does not believe are indicative of the Company's underlying operational performance for the period. Additionally, the nature of these amounts and the underlying claims are such that they are not reasonably likely to recur based on the Company's historical experience within two years, nor were there similar charges for such matters within the prior two years. Management has excluded these amounts when evaluating internal operating performance, and accordingly, these amounts have not been allocated to segment or Corporate results and are excluded from non-GAAP results.
DOJ/FinCEN investigations During 2025, we accrued $6.5 million in connection with the U.S. Department of Justice ("DOJ") and U.S. Department of the Treasury's Financial Crimes Enforcement Network ("FinCEN") investigations, which represents third-party legal costs associated with these matters, including upfront expenses that are directly attributable to establishing compliance programs. In the first three months of 2026, we accrued $1.2 million in connection with the DOJ and FinCEN investigations, which represents third-party legal costs associated with these matters. In the first quarter of 2025, we reached resolutions with both the DOJ and FinCEN. These costs are not considered part of the Company's operations and revenue generating activities. Additionally, the nature of these amounts and the underlying investigations are such that they are not reasonably likely to recur within two years, nor were there similar charges within the prior two years. Management has excluded these amounts when evaluating internal performance. Therefore, these amounts have not been allocated to segment or Corporate results and are excluded from non-GAAP results.
Chile antitrust matter We recognized an estimated loss of $9.5 million in the third quarter of 2021 and recognized additional amounts in subsequent years (which were primarily related to changes in currency rates). Overall, these charges related to a potential fine associated with an investigation by the Chilean Fiscalía Nacional Económica or "FNE" (the Chilean antitrust agency). The investigation is related to potential anti-competitive practices among competitors in the cash logistics industry in Chile. These costs are not considered part of the Company's operations and revenue generating activities. Additionally, the nature of these amounts, including the estimated loss and associated third-party costs, is such that they are not reasonably likely to recur within two years, nor were there similar charges within the prior two years of the underlying event. Management has excluded these amounts when evaluating internal performance. Therefore, these amounts have not been allocated to segment or Corporate results and are excluded from non-GAAP results.
Non-routine auto loss matter In 2023, a Brink’s employee was involved in a motor vehicle accident with unique circumstances that resulted in the death of a third party and, in connection with the ensuing litigation, Brink’s recognized a $10.0 million charge. Due to the unusual nature of the matter, including the unique circumstances of the claim, potential magnitude of remedy, and variation from our ordinary-course litigation strategy, we consider the litigation as separate and distinct from routine legal matters. Management does not believe that similar litigation will likely recur within the next two years, and there have been no similar matters within the prior two years. Management has excluded these amounts when evaluating internal performance. Therefore, they have not been allocated to segment or Corporate results and are excluded from non-GAAP results.
The Brink’s Company and subsidiaries
Non-GAAP Measures and Reconciliations to GAAP Measures (Unaudited)
(In millions, except for percentages and per share amounts)
Non-GAAP measures described below and included in this press release are financial measures that are not required by or presented in accordance with GAAP. The purpose of the disclosure of these non-GAAP measures is to report financial information from the primary operations of our business by excluding the effects of certain income and expenses that do not reflect the ordinary earnings of our operations.
These non-GAAP financial measures are intended to provide investors with a supplemental comparison of our operating results and trends for the periods presented. Our management believes these measures are also useful to investors as such measures allow investors to evaluate our performance using the same metrics that our management uses to evaluate past performance and prospects for future performance. The reconciliations in the tables below include adjustments that we do not consider reflective of our operating performance as they result from events and circumstances that are not a part of our core business. Additionally, certain non-GAAP results, including non-GAAP operating profit and free cash flow before dividends, are utilized as performance measures in certain management incentive compensation plans.
Non-GAAP results should not be considered as an alternative to results determined in accordance with GAAP and should be read in conjunction with their GAAP counterparts. Non-GAAP financial measures may not be comparable to non-GAAP financial measures presented by other companies.
The items excluded from non-GAAP measures are considered by us to be nonrecurring, infrequent or unusual costs and gains as well as other items not considered part of our operations and revenue generating activities. Non-recurring and infrequent items are items that are not reasonably expected to recur in the following two years.
In addition to the rationale described above, we believe the following non-GAAP metrics are helpful to investors in assessing results of operations consistent with how our management evaluates performance:
Non-GAAP operating profit and Non-GAAP operating profit margin: Non-GAAP operating profit equals GAAP operating profit excluding Other Items not Allocated to Segments. Non-GAAP operating margin equals non-GAAP operating profit divided by revenues.Non-GAAP income from continuing operations attributable to Brink's: This measure equals GAAP income from continuing operations attributable to Brink's excluding Other Items not Allocated to Segments as well as certain retirement plan expenses/gains, taxes on return of capital, impairment of certain debt securities, and unusual adjustments to deferred tax asset valuation allowances.Earnings Before Interest Expense, Income Taxes, Depreciation and Amortization ("EBITDA") and Adjusted EBITDA: EBITDA is calculated by starting with net income attributable to Brink's and adding back the amounts for interest expense, income taxes, depreciation and amortization. Adjusted EBITDA equals EBITDA excluding the applicable impacts of Other Items not Allocated to Segments as well as certain retirement plan expenses/gains, taxes on return of capital, impairment of certain debt securities, unusual adjustments to deferred tax asset valuation allowances, income tax rate adjustments, share-based compensation and marketable securities (gain) loss.Non-GAAP diluted EPS from continuing operations attributable to Brink's common shareholders: This measure equals non-GAAP income from continuing operations attributable to Brink's divided by diluted shares.Organic change and organic growth: Organic change represents the change in revenues or operating profit between the current and prior period excluding the effect of acquisitions and dispositions for one year after the transaction and changes in currency exchange rates. Organic growth is the percentage change of organic growth versus the prior year amount.Impact of acquisitions/dispositions: This measure represents the impact of acquisitions or dispositions without a full year of reported results in either comparable period.Currency effect: This measure consists of the effects of Argentina devaluations under highly inflationary accounting and the sum of monthly currency changes. Monthly currency changes represent the accumulation throughout the year of the impact on current period results of changes in foreign currency rates from the prior year period.Non-GAAP pre-tax income, Non-GAAP income tax and Non-GAAP effective income tax rate: Non-GAAP pre-tax income and non-GAAP income tax equal their GAAP counterparts excluding the applicable impacts of Other Items not Allocated to Segments as well as certain retirement plan expenses/gains. Non-GAAP effective income tax rate equals non-GAAP income tax divided by non-GAAP pre-tax income. In addition to the rationale described above, we believe the following non-GAAP metrics are helpful in assessing cash flow and financial leverage consistent with how our management evaluates performance:
Free cash flow before dividends: Free cash flow before dividends is a non-GAAP financial measure that represents management’s calculation of cash flows that are available for capital and investing activities such as paying dividends, share repurchases, debt, acquisition and other investments. We define free cash flow before dividends as net cash provided by (used in) operating activities, adjusted to exclude certain operating activities related to cash that is not available for corporate purposes, including the impact of cash flows from restricted cash held for customers, as well as cash received and processed in certain of our secure cash management services operations. The resulting amount is further adjusted to include the impact of cash flows related to property and equipment used to operate our business, including capital expenditures, cash proceeds from the sale of property and equipment, as well as lessor debt financing. Free cash flow before dividends also excludes the cash impact of transaction costs related to the NCR Atleos acquisition. Reconciliations of Non-GAAP to GAAP Measures
Non-GAAP measures are reconciled to comparable GAAP measures in the tables below. Amounts reported for prior periods have been updated in this press release to present information consistently for all periods presented. Most of the reconciling adjustments are described in Other Items Not Allocated to Segments above on pages 9-10. Additional reconciling items include the following:
Retirement plans We incur costs, such as interest expense and amortization of actuarial gains and losses, associated with certain retirement plans that have been frozen to new entrants. Furthermore, we also incur non-cash settlement charges and curtailment gains related to all of our retirement plans. These costs and gains are not considered to be part of the Company's operations and revenue generating activities. Management has excluded these amounts when evaluating internal performance. Therefore, they are excluded from non-GAAP results.
Valuation allowance on tax credits Gains and charges related to major tax law changes are not considered to be part of the Company's operations and revenue generating activities. As a result of the One Big Beautiful Bill Act, we increased a valuation allowance on deferred tax assets and recorded a significant income tax expense in the third quarter of 2025. Management has excluded these amounts when evaluating internal performance. Therefore, they are excluded from non-GAAP results.
Tax on return of capital As a result of lifted foreign exchange controls and the official and unofficial foreign exchange rates convergence in Argentina, we were able to make an unusual and infrequent return of capital. Due to Argentinian tax law, a withholding tax was imposed on the return of capital. This withholding tax is not considered to be part of the Company’s operations and revenue generating activities. Management has excluded this amount when evaluating internal performance. Therefore, it is excluded from non-GAAP results.
Change in restricted cash held for customers Restricted cash held for customers is not available for general corporate purposes such as payroll, vendor invoice payments, debt repayment, or capital expenditures. Because the cash is not available to support the Company's operations and revenue generating activities, management excludes the changes in the restricted cash held for customers balance when assessing cash flows from operations. We believe that the exclusion of the change in restricted cash held for customers from our non-GAAP operating cash flows measure is helpful to users of the financial statements as it presents this financial measure consistent with how management assesses this liquidity measure.
Change in certain customer obligations The title to cash received and processed in certain of our secure cash management services operations transfers to us for a short period of time. The cash is generally credited to customers’ accounts the following day and is thus not available for general corporate purposes. Because the cash is not available to support our operations and revenue generating activities, management excludes the changes in this specific cash balance when assessing cash flows from operations. We believe that the exclusion of the change in this cash balance from our non-GAAP operating cash flows measure is helpful to the users of our financial statements as it presents this financial measure consistent with how our management assesses this liquidity measure.
NCR Atleos acquisition cash flows This represents the cash outflows during the period related to NCR Atleos acquisition-related transaction costs, such as fees to attorneys, accountants and other professional advisors.
Non-GAAP Results Reconciled to GAAP
Three months ended March 31, 2025 Three months ended March 31, 2026 Pre-tax income(a) Income tax Effective income tax rate(a) Pre-tax income(a) Income tax Effective income tax rate(a) GAAP$69.5 15.6 22.4% $45.8 11.0 24.0%Reorganization and Restructuring(c) 0.5 0.1 — — Acquisitions and dispositions(c) 19.2 1.4 15.2 3.4 Argentina highly inflationary impact(c) 7.3 0.1 1.1 0.1 NCR Atleos acquisition and transformation initiatives(c) 5.1 0.1 38.9 4.8 Non-routine legal maters(c) — — 2.8 0.7 DOJ/FinCEN investigations(c) 0.9 — 1.2 0.3 Chile antitrust matter(c) 0.2 — 0.2 0.1 Retirement plans(b) (1.7) (0.5) 1.5 0.4 Income tax rate adjustment(d) — 11.0 — 8.6 Non-GAAP$101.0 27.8 27.5% $106.7 29.4 27.6% Amounts may not add due to rounding.
(a) From continuing operations.
(b) See "Reconciliations of Non-GAAP to GAAP Measures" on page 12 for details.
(c) See “Other Items Not Allocated To Segments” on pages 9-10 for details.
(d) Non-GAAP income from continuing operations and non-GAAP EPS have been adjusted to reflect an effective income tax rate in each interim period equal to the full-year non-GAAP effective income tax rate. The full-year non-GAAP effective tax rate is estimated at 27.6% for 2026 and was 27.5% for 2025.
The Brink’s Company and subsidiaries
Non-GAAP Results Reconciled to GAAP (Unaudited) - continued
(In millions, except for percentages and per share amounts)
(a) See “Other Items Not Allocated To Segments” on pages 9-10 for details.
(b) See "Reconciliations of Non-GAAP to GAAP Measures" on page 12 for details.
(c) Non-GAAP income from continuing operations and non-GAAP EPS have been adjusted to reflect an effective income tax rate in each interim period equal to the full-year non-GAAP effective income tax rate. The full-year non-GAAP effective tax rate is estimated at 27.6% for 2026 and was 27.5% for 2025.
(d) There is no difference between GAAP and non-GAAP share-based compensation amounts for the periods presented.
(e) Due to the impact of Argentina highly inflationary accounting, there was a $1.0 million non-GAAP adjustment for a loss in the first quarter of 2025, a $3.7 million non-GAAP adjustment for a loss in the second quarter of 2025, a $0.9 million non-GAAP adjustment for a loss in the third quarter of 2025, a $6.9 million non-GAAP adjustment for a loss in the fourth quarter of 2025, and a $1.6 million non-GAAP adjustment for a loss in the first quarter of 2026.
(f) Related to the impairment of specific debt securities in Argentina in 2025.
Full Year Three Months
Ended March 31, 2025 2025 2026 Cash flows provided from operating activities - GAAP$639.5 $(60.2) $28.7 (Increase) decrease in restricted cash held for customers(a) (46.1) 45.0 (3.2)(Increase) decrease in certain customer obligations(a) (16.5) (38.9) (30.0)Capital expenditures (203.1) (58.9) (40.1)Cash proceeds from sale of property and equipment 18.5 2.6 3.3 Proceeds from lessor debt financing 43.2 8.1 3.2 Subtotal$435.5 (102.3) (38.1)NCR Atleos acquisition cash flows(a) — — 2.1 Free cash flow before dividends(a)$435.5 (102.3) (36.0) (a) Free cash flow before dividends is a supplemental financial measure that is not required by, or presented in accordance with, GAAP. See page 11 for further information on this non-GAAP measure, and see page 12 for descriptions of the adjustments.
Brink's (BCO - Free Report) came out with quarterly earnings of $1.8 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $1.62 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +7.14%. A quarter ago, it was expected that this armored car company would post earnings of $2.47 per share when it actually produced earnings of $2.54, delivering a surprise of +2.83%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Brink's, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $1.38 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.95%. This compares to year-ago revenues of $1.25 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Brink's shares have lost about 10.7% since the beginning of the year versus the S&P 500's gain of 6%.
What's Next for Brink's?While Brink's has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Brink's was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.90 on $1.41 billion in revenues for the coming quarter and $8.89 on $5.65 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial Transaction Services is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Freightos Limited (CRGO - Free Report) , has yet to report results for the quarter ended March 2026.
This company is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Freightos Limited's revenues are expected to be $7.47 million, up 7.5% from the year-ago quarter.
Have you evaluated the performance of Brink's' (BCO - Free Report) international operations during the quarter that concluded in March 2026? Considering the extensive worldwide presence of this armored car company, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.
In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors must understand a company's dependence on overseas markets, as this offers a window into the company's earnings stability, its ability to benefit from varied economic cycles and its potential for long-term growth.
International market involvement serves as insurance against economic downturns at home and enables engagement with economies that are growing more quickly. Still, this move toward diversification is not without its challenges, as it involves navigating through the fluctuations of currencies, geopolitical threats, and the distinctive nature of various markets.
While analyzing BCO's performance for the last quarter, we found some intriguing trends in revenues from its overseas segments that Wall Street analysts commonly model and monitor.
For the quarter, the company's total revenue amounted to $1.38 billion, experiencing an increase of 10.3% year over year. Next, we'll explore the breakdown of BCO's international revenue to understand the importance of its overseas business operations.
Exploring BCO's International Revenue PatternsEurope generated $366 million in revenues for the company in the last quarter, constituting 26.6% of the total. This represented a surprise of +2.52% compared to the $357 million projected by Wall Street analysts. Comparatively, in the previous quarter, Europe accounted for $377.2 million (27.4%), and in the year-ago quarter, it contributed $299.1 million (24%) to the total revenue.
Rest of World accounted for 16.4% of the company's total revenue during the quarter, translating to $226 million. Revenues from this region represented a surprise of +6.1%, with Wall Street analysts collectively expecting $213 million. When compared to the preceding quarter and the same quarter in the previous year, Rest of World contributed $210.1 million (15.2%) and $222.4 million (17.8%) to the total revenue, respectively.
During the quarter, Latin America contributed $344 million in revenue, making up 25% of the total revenue. When compared to the consensus estimate of $341 million, this meant a surprise of +0.88%. Looking back, Latin America contributed $335.8 million, or 24.4%, in the previous quarter, and $417.6 million, or 33.5%, in the same quarter of the previous year.
Revenue Projections for Overseas MarketsWall Street analysts expect Brink's to report $1.4 billion in total revenue for the current fiscal quarter, indicating an increase of 7.8% from the year-ago quarter. Europe, Rest of World and Latin America are expected to contribute 27.8% (translating to $390 million), 14.8% ($208 million), and 25% ($351 million) to the total revenue, respectively.
For the full year, a total revenue of $5.66 billion is expected for the company, reflecting an increase of 7.5% from the year before. The revenues from Europe, Rest of World and Latin America are expected to make up 27.2%, 15.2%, and 24.7% of this total, corresponding to $1.54 billion, $861 million, and $1.4 billion, respectively.
In ConclusionRelying on global markets for revenues presents both prospects and challenges for Brink's. Therefore, scrutinizing its international revenue trends is key to effectively forecasting the company's future outlook.
In an era of growing international interdependencies and escalating geopolitical disputes, Wall Street analysts are vigilant in tracking these trends for businesses with a global reach, in order to refine their predictions of earnings. It should be noted, however, that a multitude of other elements, such as a company's domestic position, also play a significant role in shaping the earnings forecasts.
At Zacks, a company's changing earnings outlook is given considerable attention due to its proven, strong influence on a stock's price performance in the near term. The connection here is straightforward and positive: when earnings estimates are revised upward, the stock price generally follows suit, increasing as well.
Our proprietary stock rating tool, the Zacks Rank, with its externally validated exceptional track record, harnesses the power of earnings estimate revisions to serve as a dependable measure for anticipating the short-term price trends of stocks.
Brink's, bearing a Zacks Rank #2 (Buy), is expected to outperform the broader market's movements in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Brink's' Recent Stock Market PerformanceOver the past month, the stock has seen an increase of 1.6% in its value, whereas the Zacks S&P 500 composite has posted an increase of 9.1%. The Zacks Business Services sector, Brink's' industry group, has ascended 2.6% over the identical span. In the past three months, there's been a decline of 18% in the company's stock price, against a rise of 7.1% in the S&P 500 index. The broader sector has declined by 5.3% during this interval.
Investors in The Brink’s Company (BCO - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the June 18, 2026 $70.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Brink’s shares, but what is the fundamental picture for the company? Currently, Brink’s is a Zacks Rank #2 (Buy) in the Financial Transaction Services industry that ranks in the Top 19% of our Zacks Industry Rank. Over the last 60 days, one analyst has increased the earnings estimate for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.90 per share to $2.05 in that period.
Given the way analysts feel about Brink’s right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Investors might want to bet on Brink's (BCO - Free Report) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Brink's is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For Brink's, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Brink'sFor the fiscal year ending December 2026, this armored car company is expected to earn $9.14 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for Brink's. Over the past three months, the Zacks Consensus Estimate for the company has increased 2.8%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Brink's to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of NCR Atleos Corporation (NYSE: NATL) to The Brink’s Company (NYSE: BCO). Under the terms of the proposed transaction, shareholders of NCR will receive $30.00 in cash and 0.1574 shares of Brink’s common stock for each share of NCR that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-natl/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.
The proposed transactions may contain terms that could limit superior competing offers.
Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
The Brink's Company (NYSE: BCO)'s merger with NCR Atleos Corporation. Upon completion of the proposed transaction, Brink's shareholders will own approximately 78% of the combined company. If you are a Brink's shareholder, click here to learn more about your legal rights and options.
Select Medical Holdings Corporation (NYSE: SEM)'s sale to a consortium led by Select Medical executives and directors for $16.50 in cash per share. If you are a Select Medical shareholder, click here to learn more about your rights and options.
NCR Atleos Corporation (NYSE: NATL)'s sale to The Brink's Company for $30.00 in cash and 0.1574 shares of Brink's common stock for each share of NCR. If you are a NCR shareholder, click here to learn more about your rights and options.
On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures and information, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
One World Trade Center
85th Floor
New York, NY 10007
(212) 763-0060
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