Company: BCO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000078890-25-000312
Chunk: 34

Company: BRINKS CO
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 34
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 from continuing operations attributable to Brink’s shareholders increased $7.2 million to $131.7 million due to the increase in operating profit mentioned above and lower noncontrolling interest ($2.2 million), partially offset by the lower interest and other nonoperating income ($25.1 million), higher income tax expense ($20.3 million), and higher interest expense ($6.5 million). Earnings per share from continuing operations was $3.09, up from $2.77 in the first nine months of 2024.

Non-GAAP Basis

Non-GAAP Financial Measures The non-GAAP measures included in the table above and the analysis below present our operating profit, operating profit margin, income from continuing operations and earnings per share without certain income and expense items that do not reflect the regular earnings of the Company's operations. These non-GAAP measures are described in more detail on page 47 49 51

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

Non-GAAP Consolidated Operating Profit and Non-GAAP Operating Profit Margin Non-GAAP operating profit margin increased from 12.0% to 14.1%. Non-GAAP operating profit increased $36.6 million due mainly to:

• organic increases in North America ($15.3 million), Rest of World ($3.1 million), and Europe ($2.8 million),

• lower corporate expenses on an organic basis ($15.3 million), and

• the favorable impact of acquisitions in segment results ($2.0 million),

partially offset by:

• an organic decrease in Latin America ($1.5 million).

Non-GAAP Consolidated Income from Continuing Operations Attributable to Brink’s and Related Per Share Amounts Non-GAAP income from continuing operations attributable to Brink’s shareholders increased $15.1 million to $87.5 million due to the operating profit increase mentioned above and lower noncontrolling interest ($0.4 million), partially offset by the higher income tax expense ($11.8 million), lower interest and other nonoperating income ($9.7 million), and higher interest expense ($0.4 million). Non-GAAP earnings per share from continuing operations was $2.08, up from $1.62 in the third quarter of 2024.

Adjusted EBITDA Adjusted EBITDA increased 17% to $253.3 million primarily due to the increase in Non-GAAP operating profit ($36.6 million).

Analysis of Consolidated Results: Nine Months