Company: BCO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000078890-25-000312
Chunk: 37

Company: BRINKS CO
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 37
---
9                                     110.9            13                       9  
  Rest of World                                  123.9                                                   13.8                                              —                      1.4                                     139.1            12                      11  
  Segment operating profit                       560.2                                                   50.3                                            3.4                   (16.9)                                     597.0             7                       9  
  Corporate expenses (d)                         (108.0)                                                 18.4                                              —                    (4.1)                                    (93.7)          (13)                    (17)  
  Other items not allocated to segments (d)      (103.7)                                                  5.8                                         (14.7)                     14.7                                    (97.9)           (6)                     (6)  
  Operating profit                               $                                                       74.5                                         (11.3)                    (6.3)                                     405.4            16                      21  

Amounts may not add due to rounding.

See page 39

Analysis of Segment Results: Nine Months 2025 versus Nine Months 2024

North America

Revenues increased 5% ($56.6 million) primarily due to a 4% organic increase ($55.0 million) and the impact of acquisitions ($4.3 million), partially offset by the unfavorable impact of currency exchange rates ($2.7 million). Organic revenue increased primarily due to price increases and growth in AMS and DRS revenue, as well as BGS revenue. Operating profit increased 22% ($30.6 million) due to a 21% organic increase ($30.4 million) and the impact of acquisitions ($0.2 million). The organic increase was primarily driven by the net impact of revenue mix and cost productivity improvements from transformation initiatives in the U. S.

Latin America

Revenues decreased 3% ($33.6 million) due to the unfavorable impact of currency exchange rates ($106.8 million), primarily from the Mexican peso, Argentine peso, and Brazilian real, partially offset by a 7% organic increase ($64.8 million) and the impact of acquisitions ($8.4 million). The organic increase was driven by price increases across the segment with a majority of the impact from Argentina, as well as growth in AMS and DRS revenue. Operating profit decreased 11% ($21.7 million) due to the unfavorable impact of currency exchange rates ($22.2 million) and a 1% organic