Company: BCO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000078890-25-000312
Chunk: 36

Company: BRINKS CO
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 36
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 with, GAAP and is described in more detail on page 47

(c) The amounts in the “ Currency” column consist of the effects of Argentina devaluations under highly inflationary accounting and the sum of monthly currency changes. This measure is not required by, or presented in accordance with, GAAP and is described in more detail on page 47

(d) See pages 41 43

Analysis of Segment Results: Third Quarter 2025 versus Third Quarter 2024

North America

Revenues increased 5% ($22.2 million) primarily due to a 5% organic increase ($22.5 million). Organic revenue increased primarily due to growth in BGS revenue, as well as AMS and DRS revenue. Operating profit increased 37% ($15.3 million) due to a 37% organic increase ($15.3 million). The organic increase was primarily driven by higher revenue, the net impact of revenue mix, and cost productivity.

Latin America

Revenues increased 2% ($5.8 million) due to a 5% organic increase ($15.3 million) and the impact of acquisitions ($2.8 million) partially offset by the unfavorable impact of currency exchange rates ($12.3 million) primarily from the Argentine peso. The organic increase was primarily driven by price increases across the segment with a majority of the impact from Argentina, Brazil, and Mexico, as well as growth in AMS and DRS revenue. Operating profit decreased 6% ($4.4 million) primarily due to the unfavorable impact of currency exchange rates ($4.2 million) and a 2% organic decrease ($1.5 million), partially offset by the favorable impact of acquisitions ($1.3 million). The organic decrease was primarily driven by lower volumes and a security loss partially offset by cost productivity.

Europe

Revenues increased 12% ($37.6 million) primarily due to favorable impact of currency exchange rates ($19.5 million), a 5% organic increase ($16.1 million), and the favorable impact of acquisitions ($2.0 million). Organic revenue increased primarily due the growth of AMS and DRS revenue. Operating profit increased 15% ($6.1 million) primarily due to a 7% organic increase ($2.8 million) and the favorable impact of currency exchange rates ($2.6 million). The organic increase was driven by the mix benefit of higher AMS and DRS revenue.

Rest of World

Revenues increased 5% ($10.9 million) due