Company: BCO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000078890-25-000312
Chunk: 35

Company: BRINKS CO
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 35
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2025 versus Nine Months 2024

Non-GAAP Consolidated Operating Profit and Non-GAAP Operating Profit Margin Non-GAAP operating profit margin increased from 12.1% to 13.0%. Non-GAAP operating profit increased $51.1 million due mainly to:

• organic increases in North America ($30.4 million), Rest of World ($13.8 million), and Europe ($8.8 million),

• lower corporate expenses on an organic basis ($18.4 million), and

• the favorable impact of acquisitions in segment results ($3.4 million),

partially offset by:

• unfavorable changes in currency exchange rates ($21.0 million), driven primarily by the Argentine peso and Mexican peso, and

• an organic decreases in Latin America ($2.7 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 $6.6 million to $234.4 million due to the operating profit increase mentioned above and lower noncontrolling interest ($1.7 million), and partially offset by the higher income tax expense ($21.1 million), lower interest and other nonoperating income ($18.6 million), and higher interest expense ($6.5 million). Earnings per share from continuing operations was $5.49, up from $5.06 in the first nine months of 2024.

Adjusted EBITDA Adjusted EBITDA increased 6% to $700.3 million primarily due to the increase in Non-GAAP operating profit ($51.1 million).

Revenues and Operating Profit by Segment: Third Quarter 2025 versus Third Quarter 2024

                                                             Organic Change (a)      Impact of Acquisitions / Dispositions (b)      Currency Effect (c)                  % Change                          
  (In millions, except for percentages)          3Q'24                                                                                                        3Q'25         Total      Organic Growth (a)  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenues:                                                                                                                                                                                                
  North America                                  $                         22.5      —                                                            (0.3)       434.8             5                       5  
  Latin America                                  321.0                     15.3      2.8                                                         (12.3)       326.8             2                       5