Brinks Q3 2021 Earnings Report
Key Takeaways
Brink's Q3 2021 earnings showcased significant growth, with revenue up 11% and organic growth at 6%. GAAP net income improved from a loss to $19 million, and adjusted EBITDA increased by 15% to $170 million. The company also announced a $150 million accelerated share repurchase plan.
Revenue increased by 11%, with 6% organic growth.
GAAP net income was $19 million, a significant improvement from a loss of $24 million.
Adjusted EBITDA rose by 15% to $170 million.
The company announced a $150 million accelerated share repurchase plan.
Brinks
Brinks
Brinks Revenue by Geographic Location
Forward Guidance
The company's full-year guidance remains unchanged, with revenue expected to be in the range of $4.1 billion to $4.2 billion, non-GAAP operating profit of approximately $465 million, and adjusted EBITDA of approximately $660 million. The preliminary 2022 adjusted EBITDA target of $785 million to $825 million also remains unchanged. Revenue in 2022 is anticipated to exceed the adjusted pre-Covid level of $4.55 billion.
Positive Outlook
- Revenue in a range between $4.1 billion and $4.2 billion
- Non-GAAP operating profit of approximately $465 million
- Adjusted EBITDA of approximately $660 million
- Preliminary 2022 adjusted EBITDA target of $785 million to $825 million remains unchanged
- Anticipate revenue in 2022 will exceed the adjusted pre-Covid level of $4.55 billion
Challenges Ahead
- U.S. results continue to be affected by labor shortages and inflationary wage pressures
- Pandemic’s ongoing impact on organic growth
- Rate of recovery may continue to be uneven
- Wage inflation
- Ongoing Covid-19 pandemic and related impact to and restrictions on the actions of businesses and consumers, including suppliers and customers
Revenue & Expenses
Visualization of income flow from segment revenue to net income