Company: BCO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000078890-25-000312
Chunk: 33

Company: BRINKS CO
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 33
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 increase in operating profit mentioned above and lower noncontrolling interest ($1.7 million), partially offset by the higher income tax expense ($25.8 million), lower interest and other nonoperating income ($9.0 million), and higher interest expense ($0.4 million). Earnings per share from continuing operations was $0.86, up from $0.65 in the third quarter of 2024.

Analysis of Consolidated Results: Nine Months 2025 versus Nine Months 2024

Consolidated Revenues Revenues increased $134.5 million due to organic increases in Latin America ($64.8 million), North America ($55.0 million), Europe ($41.4 million), and Rest of World ($27.2 million) and the favorable impact of acquisitions ($16.2 million), partially offset by the unfavorable impact of currency exchange rates ($70.1 million). The unfavorable currency exchange rate impact was driven primarily by the Mexican peso, Argentine peso, and Brazilian real. Revenues increased 5% on an organic basis primarily due to to inflation-based price increases and organic growth in AMS and DRS revenue. See our definition of “organic growth” on page 47

Consolidated Costs andExpenses Cost of revenues increased 3% to $2,906.6 million primarily due to the impact of higher revenue partially offset by the impact of currency exchange rates. Selling, general and administrative costs decreased 5% to $569.8 million primarily due to the depreciation adjustment discussed in Note 1, the impact of currency exchange rates, and lower transformation initiative costs.

Consolidated Operating Profit and Operating Profit Margin Operating profit margin increased from 9.3% to 10.4%. Operating profit increased $56.9 million due mainly to:

• organic increases in North America ($30.4 million), Rest of World ($13.8 million), and Europe ($8.8 million),

• lower corporate expenses on an organic basis ($18.4 million),

• the depreciation adjustment mentioned above, and

• the impact of acquisitions reflected in segment results ($3.4 million),

partially offset by:

• unfavorable changes in currency exchange rates on segment profit ($16.9 million), primarily driven by the Argentine peso and Mexican peso,

• higher costs incurred related to business acquisitions and dispositions ($14.7 million), and

• an organic decrease in Latin America ($2.7 million).

Consolidated Income from Continuing Operations Attributable to Brink’s and Related Per Share Amounts Income