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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
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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