Company: BCO
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0000078890-25-000154
Chunk: 46

Company: BRINKS CO
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 46
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 2024  
 ─────────────────────────────────────────────────────────────────────────────────
  Diluted EPS:                                                                   
  GAAP                                                  $      1.19        1.09  
  Reorganization and restructuring (a)               0.01                  0.02  
  Acquisitions and dispositions (a)                  0.40                  0.31  
  Argentina highly inflationary impact (a)           0.17                  0.04  
  Transformation initiatives (a)                     0.11                  0.10  
  DOJ/FinCEN investigations (a)                      0.02                     —  
  Chile antitrust matter (a)                            —                  0.01  
  Retirement plans (b)                             (0.02)                (0.02)  
  Income tax rate adjustment (c)                   (0.26)                  0.10  
  Non-GAAP                                              $      1.62        1.65  

Amounts may not add due to rounding.

(a) See “ Other Items Not Allocated To Segments” on pages 35 36

(b) See "Reconciliations of Non-GAAP to GAAP Measures" on page 41

(c) Non-GAAP income from continuing operations and non-GAAP EPS have been adjusted to reflect an effective income tax rate in each interim period equal to the full-year non-GAAP effective income tax rate. The full-year non-GAAP effective tax rate is estimated at 27.8% for 2025 and was 23.2% for 2024.

(d) There is no difference between GAAP and non-GAAP share-based compensation amounts for the periods presented.

(e) Due to the impact of Argentina highly inflationary accounting, there was no non-GAAP adjustment for a loss in the three months ended March 31, 2024. There was a $1.0 million non-GAAP adjustment for a loss in the three months ended March 31, 2025.

LIQUIDITY AND CAPITAL RESOURCES

Overview

Cash flows from operating activities decreased $124.1 million in the first three months of 2025 as compared to the first three months of 2024. Cash used for investing activities increased by $2.9 million in the first three months of 2025 compared to the first three months of 2024. We financed our liquidity needs in the first three months of 2025 with existing cash from operations.