Company: BCO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000078890-25-000312
Chunk: 49

Company: BRINKS CO
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 49
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0.22                     0.34                  0.51  
  Transformation initiatives (a)                                  0.19                  0.21                     0.42                  0.47  
  DOJ/FinCEN investigations (a)                                   0.09                  0.04                     0.13                  0.17  
  Chile antitrust matter (a)                                      0.01                  0.01                     0.01                  0.02  
  Non-routine auto loss matter (a)                                0.02                  0.01                     0.02                  0.01  
  Retirement plans (b)                                          (0.03)                (0.05)                   (0.08)                (0.11)  
  Income tax rate adjustment (c)                                  0.04                  0.16                     0.03                  0.21  
  Valuation allowance on tax credits (b)                          0.39                     —                     0.39                     —  
  Non-GAAP                                                           $      2.08        1.62                        $      5.49        5.06  

Amounts may not add due to rounding.

(a) See “ Other Items Not Allocated To Segments” on pages 41 43

(b) See "Reconciliations of Non-GAAP to GAAP Measures" on page 48

(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 27.7% 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 a $0.7 million and a $0.9 million non-GAAP adjustment for a loss in the three and nine months ended September 30, 2024. There was a $0.9 million and a $5.6 million non-GAAP adjustment for a loss in the three and nine months ended September 30, 2025, respectively.

LIQUIDITY AND CAPITAL RESOURCES

Overview

Cash flows from operating activities increased $209.7 million in the first nine months of 202