Loading...
•
Dec 31, 2022
Brinks Q4 2022 Earnings Report
Brink’s reported strong fourth-quarter and full-year revenue and EPS growth.
Key Takeaways
Brink's delivered strong fourth-quarter and full-year results, with full-year revenue growth of 8% and the highest organic growth in over a decade. The company's Q4 revenue was up 8%, reflecting 12% organic growth. Management expects continued strong revenue and profit growth in 2023.
Revenue up 8%, reflecting 12% organic growth
Operating profit: GAAP $143M, non-GAAP $187M
EPS: GAAP up 4% to $1.01 vs $.97; non-GAAP up 25% to $2.10 vs $1.68
Adjusted EBITDA up 18% to $247M
Brinks
Brinks
Brinks Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.comLatin America Revenue
CapyFin.comEurope Revenue
CapyFin.comRest of World Revenue
CapyFin.com Forward Guidance
Brink's expects organic revenue growth between 7 and 11%, approximately 100 basis-points of operating profit margin expansion, Adjusted EBITDA between $855 and $905 million, EPS between $6.30 and $7.00, and free cash flow conversion of approximately 40% in 2023.
Positive Outlook
- Revenue between $4,800M and $4,950M
- Organic growth between 7-11%
- Non-GAAP operating profit between $615M and $665M
- Adjusted EBITDA between $855M and $905M
- Non-GAAP EPS between $6.30 and $7.00 per share
Revenue & Expenses
Visualization of income flow from segment revenue to net income