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Jun 30, 2023
Brinks Q2 2023 Earnings Report
Brink's reported record second quarter revenue and operating profit, with strong year-to-date cash generation and affirmed full-year 2023 guidance.
Key Takeaways
Brink's announced strong second-quarter results, achieving record revenue driven by organic growth in AMS and DRS, and disciplined pricing in cash and valuables management. The company affirms its 2023 guidance, confident in its outlook and ability to deliver long-term shareholder value.
Q2 Revenue increased by 7%, with 8% organic growth.
GAAP operating profit rose by 9% to $106M, while non-GAAP operating profit increased by 6% to $132M.
GAAP net income decreased by 9% to $32M, but adjusted EBITDA grew by 4% to $194M.
YTD GAAP net cash from operations increased by $64M to $105M, and non-GAAP free cash flow increased by $115M to $66M.
Brinks
Brinks
Brinks Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.comLatin America Revenue
CapyFin.comEurope Revenue
CapyFin.comRest of World Revenue
CapyFin.com Forward Guidance
The company reaffirms its 2023 guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income