Company: BCO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000078890-25-000253
Chunk: 37

Company: BRINKS CO
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 37
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  General, administrative and other expenses      $                   (37.2)      (33.2)      12          $                   (74.4)         (3)  
  Foreign currency transaction gains              1.8                                3.1      (42)        5.0                    9.4        (47)  
  Reconciliation of segment policies to GAAP      1.9                              (0.4)      fav         2.0                    1.1          82  
  Corporate expenses                              $                   (33.5)      (30.5)      10          $                   (63.9)           2  

Corporate expenses for the three months ended June 30, 2025 increased $3.0 million versus the prior year period. This was primarily driven by higher charges related to insurance and security losses ($2.6 million), a reduction in currency transaction gains ($1.3 million), and higher net compensation costs ($1.2 million), partially offset by favorable adjustments related to reconciliation of segment policies to GAAP ($2.3 million).

Corporate expenses for the first six months of 2025 increased $1.3 million versus the prior year period. This was primarily driven by a reduction in currency transaction gains ($4.4 million), partially offset by lower net compensation costs ($2.5 million).

Other Items Not Allocated to Segments

                                                     Three Months                                   %          Six Months                       %  
                                                   Ended June 30,                                          Ended June 30,                          
  (In millions, except for percentages)                      2025                    2024      change                2025        2024      change  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Reorganization and restructuring                              $       (0.2)       (0.1)         100                   $       (1.5)        (53)  
  Acquisitions and dispositions                            (25.8)                  (14.8)          74              (44.3)      (30.7)          44  
  Argentina highly inflationary impact                        1.9                  (11.4)         fav               (4.4)      (13.0)        (66)  
  Transformation initiatives                                (5.4)                   (7.2)        (25)              (10.5)      (12.0)        (13