Loading...
•
Dec 31, 2021
Brinks Q4 2021 Earnings Report
Brink's reported record revenue and operating profit, with revenue up 7% and GAAP net income up 97%.
Key Takeaways
Brink's Q4 2021 earnings report showcased record revenue and operating profit, demonstrating the resilience of the business and the strength of cash usage globally. The company's 2022 guidance reflects strong growth rates and margin improvement targets.
Revenue increased by 7%, reflecting continued organic growth; up 11% in constant currency.
GAAP operating profit rose by 30% to $146 million, while non-GAAP operating profit increased by 6% to $154 million; up 15% in constant currency.
GAAP net income grew by 97% to $50 million, and Adjusted EBITDA increased by 8% to $210 million; up 15% in constant currency.
GAAP EPS increased by 94% to $0.97, and non-GAAP EPS increased by 2% to $1.68; up 13% in constant currency.
Revenue by Geographic Location
Forward Guidance
Brink's anticipates continued strong growth in 2022, with revenue expected to return to pre-pandemic levels. The company projects revenue growth of 8% to 11% and operating profit growth of 16% to 23%.
Positive Outlook
- Continued recovery in retail markets
- Higher than historical price increases
- Accelerating contributions from Strategy 2.0 digital solutions
- Continued execution of productivity and efficiency initiatives
- Core business revenue at 2019 levels or higher, plus approximately $900 million of revenue from completed acquisitions
Challenges Ahead
- Impact of new foreign tax credit regulations on 2022 income tax expense is currently under review and is not included in the 2022 guidance.
- The 2022 GAAP outlook excludes any forecasted impact from highly inflationary accounting on our Argentina operations as well as other potential Non-GAAP adjusting items for which the timing and amounts are currently under review, such as future restructuring actions.
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...