Loading...
•
Sep 30, 2022
Brinks Q3 2022 Earnings Report
Brink's reported Q3 2022 results with revenue up 6% and affirmed adjusted EBITDA and EPS guidance.
Key Takeaways
Brink's Q3 2022 results showed double-digit organic growth in revenue, operating profit, adjusted EBITDA and EPS. The company is implementing a restructuring plan expected to yield $40 million in sustainable fixed cost reductions in 2023. Revenue and operating profit are expected to be at the low end of the guidance range due to foreign exchange translation.
Revenue up 6%, reflecting 13% organic growth
GAAP net income up 1% to $19M; adjusted EBITDA up 11% to $189M
EPS: GAAP up 8% to $0.41; non-GAAP up 18% to $1.34
Global restructuring expected to yield $40 million in profit growth in 2023
Revenue by Geographic Location
Forward Guidance
The company remains on track to achieve the mid-point of its guidance for adjusted EBITDA and EPS, with revenue and operating profit now expected to be at the low end of the range due primarily to the impact of foreign exchange translation.
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
Loading earnings performance data...
Loading earnings reaction data...