Company: BCO
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000078890-25-000059
Chunk: 112

Company: BRINKS CO
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 112
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 and resources on service quality, protecting and strengthening our brand, and addressing our risks. Our marketing and sales efforts are enhanced by the “Brink’s” brand, so we seek to protect and build its value. Because our services focus on handling, transporting, protecting, and managing valuables, we strive to understand and manage risk.

To earn an adequate return on capital, we focus on the effective and efficient use of resources in addition to our pricing discipline. We attempt to optimize the business that flows through our branches, vehicles, and systems to obtain the lowest costs possible without compromising safety, security, or service.

Operating results may vary from period to period. Our cash and valuables management revenues are generated from charges per service performed or based on the value of goods transported, which may be affected by both the level of economic activity and the volume of business for specific customers. We also periodically incur costs to change the scale of our operations when volumes increase or decrease. Incremental costs incurred usually relate to increasing or decreasing the number of employees and increasing or decreasing branches or administrative facilities. In addition, security costs can vary depending on performance, the cost of insurance coverage, and changes in crime rates (e.g., attacks and robberies).

Brink’s revenues and related operating profit are generally higher in the second half of the year, particularly in the fourth quarter, due to generally increased economic activity associated with the holiday season.

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RESULTS OF OPERATIONS

Analysis of Results

Consolidated Results

Years Ended December 31,% change(In millions, except for percentages and per share amounts)20242023202220242023GAAP   Revenues$5,011.9 4,874.6 4,535.5 3 7 Cost of revenues3,743.1 3,707.1 3,461.9 1 7 Selling, general and administrative expenses834.5 688.1 687.0 21 — Operating profit453.0 425.2 361.3 7 18 Operating profit margin9.0 %8.7 %8.0 %favfavIncome from continuing operations(a)161.8 86.0 173.5 88 (50)Diluted EPS from continuing operations(a)$3.61 1.83 3.63 97 (50)Non-GAAP(b)     Non-GAAP operating profit629.4