earnings
confidence high
sentiment positive
materiality 0.75
Brink's Q3: record revenue +8%, non-GAAP EPS $1.92 (+39%), raises FCF guidance, new $500M buyback
BRINKS CO
2023-Q3 EPS reported
$1.96
revenue$3,629,000,000
- Q3 revenue $1,227M (+8% YoY, 6% organic); GAAP operating profit $138M (+131%), non-GAAP $166M (+31%).
- Adjusted EBITDA $231M (+22%); GAAP EPS $0.97, non-GAAP EPS $1.92 (+39%).
- YTD free cash flow $216M (+197%); increased full-year FCF guidance to $350M-$375M (top half of prior range).
- Board authorized new $500M share repurchase plan; AMS and DRS combined exceed 20% of trailing revenue.
- 2023 non-GAAP EPS guidance raised to $6.45-$7.15; operating profit margin target 12.6%-14.0%.