Brinks Q4 2024 Earnings Report

Brink's reported solid revenue growth and operational improvements in Q4 2024.

Key Takeaways

Brink's delivered strong performance in Q4 2024 with record revenue, continued organic growth, and robust operating profitability. The company recorded net income of $39 million, and operating profit margin reached 8.3%.

Revenue increased by 1% to $1.264 billion.

Adjusted EBITDA totaled $251 million.

Net income was $39 million.

EPS of $0.84 GAAP and $2.12 Non-GAAP.

Total Revenue

$1.26B

Previous year: $1.25B

+1.4%

EPS

$2.12

Previous year: $2.76

-23.2%

Organic Revenue Growth

12%

Cash and Equivalents

$1.4B

Previous year: $1.68B

-17.1%

Free Cash Flow

$400M

Previous year: $340M

+17.7%

Total Assets

$6.62B

Previous year: $6.6B

+0.3%

Brinks Revenue

Brinks EPS

Brinks Revenue by Segment

Brinks Revenue by Geographic Location

Forward Guidance

Brink's expects mid-single digit organic revenue growth and margin expansion in 2025.

Positive Outlook

Organic revenue growth projected in mid-single digits.
AMS/DRS organic revenue growth expected in mid to high teens.
Free cash flow conversion projected at 40-45%.
More than 50% of free cash flow to be returned to shareholders.
Continued focus on margin expansion by 30-50bps.

Challenges Ahead

Potential currency headwinds in 2025.
Higher cost structure due to DOJ/FinCEN charges.
Ongoing inflationary pressures.
Challenges related to geopolitical risks.
Continued impacts from Argentina's economic environment.