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Sep 30, 2021
Brinks Q3 2021 Earnings Report
Brink's reported strong growth in revenue, net income, adjusted EBITDA, and EPS.
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.
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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