earnings
confidence high
sentiment positive
materiality 0.70
Brink's Q3 non-GAAP EPS $1.34 (+18% YoY); reaffirms adjusted EBITDA and EPS guidance midpoint
BRINKS CO
2022-Q3 EPS reported
$2.62
revenue$3,344,600,000
- Revenue $1.1B, up 6% total (+13% organic); non-GAAP operating profit $127M (+9%).
- Adjusted EBITDA $189M (+11%); global restructuring targets ~$40M fixed cost savings in 2023.
- NoteMachine acquired for ~$179M (5.0x EBITDA); expected to be accretive ~$0.04/share in Q4 2022.
- 825,725 shares repurchased YTD through Oct 24 for $45M at avg $54.60/share; $205M remains on authorization.
- 2022 guidance: non-GAAP EPS ~$5.75, adjusted EBITDA ~$775M; revenue and op profit expected at low end due to FX.