Company: BCO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000078890-25-000253
Chunk: 43

Company: BRINKS CO
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 43
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 not impact the Latin America segment results and are eliminated in our consolidation.

Income Taxes

                                                    Three Months                            Six Months                          
                                                    Ended June 30,                          Ended June 30,                      
  (In millions, except for effective tax rate)      2025                          2024      2025                          2024  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Continuing operations                                                                                                         
  Provision for income taxes                        $                   27.2      22.1      $                   42.8      48.3  
  Effective tax rate                                36.4                          30.7      29.7                          32.1  

Effective Income Tax Rate

Our effective tax rate may fluctuate materially from these estimates due to changes in pre-tax earnings, permanent book-tax differences, changes in the expected amount and geographical mix of earnings, changes in current or deferred taxes due to legislative changes, changes in valuation allowances or accruals for contingencies, changes in distributions of share-based payments, changes in U. S. taxable income, and other factors.

Noncontrolling Interests

                                                           Three Months                           %           Six Months                    %       
                                                           Ended June 30,                                     Ended June 30,                        
  (In millions, except for percentages)                    2025                         2024      change      2025                2024      change  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net income attributable to noncontrolling interests      $                   3.7       3.6      3           $                    6.5      (8)     

The net income attributable to noncontrolling interest in the three months ended June 30, 2025, is consistent with the net income attributable to noncontrolling interest in the three months ended June 30, 2024. The decrease in the net income attributable to noncontrolling interests in the first six months ended June 30, 2025, in comparison to the first six months ended June 30, 2024, is primarily attributable to lower 2025 operating results reported by certain subsidiaries that are not wholly-owned.

Non-GAAP Measures and Reconciliations to GAAP Measures

Non-GAAP measures described below and included in this filing are financial measures that are not required by or presented in accordance with GAAP. The purpose of the disclosure of these non-GAAP measures is