Articles from The Brink’s Company

RICHMOND, Va., June 05, 2024 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSEBCO) (the “Company”) today announced the pricing of its offering of 5-year and 8-year senior unsecured notes in aggregate principal amounts of $400 million and $400 million, respectively. The notes will be issued at par, will mature on June 15, 2029 and June 15, 2032, respectively, and will bear an annual interest rate of 6.500% and 6.750%, respectively. The notes will be general unsecured obligations guaranteed by the Company’s existing and future U.S. subsidiaries that are guarantors under the Company’s credit facility. The offering is expected to close on June 12, 2024, subject to customary closing conditions. The offering was upsized from the previously announced offering of $400 million aggregate principal amount of 5-year senior unsecured notes, resulting in an additional series of 8-year senior unsecured notes. 

RICHMOND, Va., June 04, 2024 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSEBCO) (the “Company”) today announced its intent to offer $400 million aggregate principal amount of 5-year senior unsecured notes, subject to market and other conditions. The notes will be general unsecured obligations guaranteed by the Company’s existing and future U.S. subsidiaries that are guarantors under the Company’s credit facility.

Record First Quarter Revenue Reflecting 4% Growth and 12% Organic GrowthGAAP net income up 229% to $49M and record adjusted EBITDA up 15% to $218MGAAP EPS up 263% to $1.09 and non-GAAP EPS up 20% to $1.52TTM GAAP Net Cash from Operations up 56% to $800M: non-GAAP Free Cash Flow up 61% to $363M

2023 Revenue Growth of 7% with 9% Organic Growth including 21% Growth in AMS and DRS Record Full-Year 2023 Net Cash from Operations of $702M and Free Cash Flow of $393M Reduced Leverage to 2.9x Net Debt to Adjusted EBITDA, within Target Leverage Range of 2x-3x Management Expects Mid-Single Digit Revenue Growth and Strong EBITDA Margin Expansion in 2024

Record Third Quarter Revenue, Operating Profit and Operating Profit MarginIncreased Full-Year Free Cash Flow Guidance to Top Half of Range - $350M - $375MAMS and DRS Revenue Exceeds 20% of Total Trailing Twelve-Month Revenue Year-to-Date Net Cash from Operations up 46% and Free Cash Flow up 197%

RICHMOND, Va., Nov. 02, 2023 (GLOBE NEWSWIRE) -- The Brink’s Company (NYSEBCO) a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services, today announced the authorization of a new share repurchase program.

Record Second Quarter Revenue and Operating ProfitStrong Year-to-Date Cash Generation with an Increase of Over 150% in Net Cash from OperationsAffirmed Full-Year 2023 Guidance

Double-Digit Revenue and Operating Profit GrowthHighest Q1 GAAP Operating Profit Margin Since 2018, Non-GAAP Operating Profit Margin Since 2010Increased Full-Year 2023 Guidance for Operating Profit, Adjusted EBITDA and EPS

Full-year revenue growth of 8%, including highest organic growth in over a decadeThird consecutive quarter of double-digit organic revenue and operating profit growthManagement expects continued strong revenue and profit growth in 2023

Adjusted EBITDA and EPS Guidance Affirmed, Outlook Updated to Reflect FX TranslationGlobal Restructuring Expected to Yield $40 Million in Profit Growth in 2023Balanced Capital Allocation Strategy Includes NoteMachine Acquisition and Continued Share Repurchases