We are looking for value in the Industrials Sector because we are still in a strong bull market that has been not only one of the longest on record, but also has seen the S&P 500 get to one of its lofty valuations ever.

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.

Shares of The Brink’s Company (NYSEBCO) traded at a new 52-week high today and are currently trading at $90.54. So far today, approximately 6,563 shares have been exchanged, as compared to an average 30-day volume of 237.37k shares.

Companies Reporting Before The Bell • Frontline (NYSEFRO) is expected to report quarterly earnings at $0.46 per share on revenue of $276.19 million.

Shares of The Brink’s Company (NYSEBCO) traded at a new 52-week high today and are currently trading at $66.71. So far today, approximately 151.64k shares have been exchanged, as compared to an average 30-day volume of 289.5k shares.

BCO stock results show that Brink's beat analyst estimates for earnings per share and beat on revenue for the first quarter of 2024.

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

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Brink's Co. (BCO) Q4 2023 sales grew 5% YoY to $1.246B, slightly below analyst estimate. Adjusted EPS of $2.76 beat consensus.

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

A lot of the companies are cyclical and a lot of them are unknown, but there are some hidden gems in the sector.

Brink's Company (NYSEBCO) reported third-quarter FY23 sales growth of 8% year-on-year to $1.227 billion, 

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%