Brink's Q4 non-GAAP EPS $2.76 (+31% YoY); FY2023 revenue $4.88B (+7%); 2024 EBITDA guide $935M-$985M

BRINKS CO

2023-FY EPS reported $1.87 revenue$4,874,600,000

Q4 2023: GAAP net loss $5M; non-GAAP EPS $2.76 (up 31% YoY); revenue $1.246B (up 5%, 8% constant currency).
FY2023 revenue $4.875B (+7% reported, +9% organic); adjusted EBITDA $867M (+10%); record FCF $393M.
AMS/DRS double-digit organic growth 8th consecutive quarter; Latin America organic +29%, North America -2% in Q4.
2024 guidance: rev $5.075-5.225B, adj EBITDA $935-985M (margin 18.4-18.9%), non-GAAP EPS $7.30-8.00, FCF $415-465M.
New $500M share repurchase program authorized (expires Dec 2025); FY2023 repurchased 2.3M shares for $169.9M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRINKS CO reported Full Year 2023 results: revenue $ 4,875, net income $ 88, EPS $ 1.83. Guidance reaffirmed.

Period: Full Year 2023
Revenue: $ 4,875
Net income: $ 88
EPS: $ 1.83
Guidance: reaffirmed
Result: reported results

Exact text from the filing

2% 13% EPS $ (0.13) (113%) $ 2.76 31% 54% (In millions, except for per share amounts) Full Year 2023 (vs. 2022) GAAP Change Non-GAAP Change Constant Currency Change (b) Revenue $ 4,875 7% $ 4,875 7% 11% Operating Profit $ 425 18% $ 615 12% 25% Operating Margin 8.7 % 70 bps 12.6 % 50 bps 150 bps Net Income / Adjusted EBITDA (a) $ 88 (49%) $ 867 10% 19% EPS $ 1.83

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRINKS CO reported the fourth quarter and full year ended December 31, 2023 results: revenue $ 1,246, net income $ (5), EPS $ (0.13). Guidance reaffirmed.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: $ 1,246
Net income: $ (5)
EPS: $ (0.13)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

summarized in the following tables: (In millions, except for per share amounts) Fourth-Quarter 2023 (vs. 2022) GAAP Change Non-GAAP Change Constant Currency Change (b) Revenue $ 1,246 5% $ 1,246 5% 8% Operating Profit $ 102 (29%) $ 190 1% 17% Operating Margin 8.2 % (380 bps) 15.2 % (50 bps) 130 bps Net Income / Adjusted EBITDA (a) $ (5) (111%) $ 252 2% 13% EPS

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Source: SEC EDGAR

accession 0000078890-24-000053

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