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Sep 30, 2023
Brinks Q3 2023 Earnings Report
Brink's reported record third-quarter results with increased revenue, operating profit, and operating profit margin and increased full-year free cash flow guidance.
Key Takeaways
Brink's Company announced strong third-quarter results, with revenue up 8% and significant increases in GAAP and non-GAAP operating profit and EPS. The company's higher growth AMS and DRS offerings grew a combined 18% organically and now exceed 20% of total trailing twelve-month revenue. Given the strength of the company's performance, the board authorized a new $500 million share repurchase plan.
Q3 Revenue up 8%, reflecting 6% organic growth
Q3 Operating profit: GAAP up 131% to $138M; non-GAAP up 31% to $166M
Q3 Operating profit margin: GAAP up 115% to 11.2%; non-GAAP up 21% to 13.5%
Q3 EPS: GAAP $0.97; non-GAAP $1.92
Revenue by Geographic Location
Forward Guidance
The company provided 2023 Non-GAAP outlook for Revenues of $4,800 - 4,950 million, Operating profit of $625 - 675 million, Operating profit margin of 12.6% - 14.0%, Adjusted EBITDA of $865 - 915 million, Adjusted EBITDA margin of 17.5% - 19.0%, Free cash flow before dividends of $350 - 375 million, and EPS from continuing operations attributable to Brink's of $6.45 - 7.15.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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