Brink's Q2 revenue record $1.22B (+7%), but GAAP EPS falls 7% to $0.68; $12M security loss

BRINKS CO

2023-Q2 EPS reported $0.99 revenue$2,401,600,000

Q2 revenue $1,216M (+7% YoY), organic growth 8%; non-GAAP operating profit $132M (+6%).
GAAP EPS $0.68 (down 7%); non-GAAP EPS $1.18 (down 12%); net income $32M (down 9%).
YTD free cash flow improved $115M to $66M; net cash from operations up $64M to $105M.
Large $12M security loss in global services; management sees no full-year impact.
Full-year 2023 guidance reaffirmed: revenue $4.8-4.95B, adj. EBITDA $865-915M, EPS $6.45-7.15.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRINKS CO reported second quarter ended June 30, 2023 results: revenue $1,216, net income $32, EPS $0.68. Guidance reaffirmed.

Period: second quarter ended June 30, 2023
Revenue: $1,216
Net income: $32
EPS: $0.68
Guidance: reaffirmed
Result: reported results

Exact text from the filing

summarized in the following table: (In millions, except for per share amounts) Second-Quarter 2023 (vs. 2022) GAAP Change Non-GAAP Change Constant Currency Change (b) Revenue $ 1,216 7% $ 1,216 7% 11% Operating Profit $ 106 9% $ 132 6% 18% Operating Margin 8.7 % 20 bps 10.8 % (10 bps) 70 bps Net Income / Adjusted EBITDA (a) $ 32 (9%) $ 194 4% 12% EPS $ 0.68

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Source: SEC EDGAR

accession 0000078890-23-000338

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