Company: BCO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000078890-25-000253
Chunk: 35

Company: BRINKS CO
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 35
---
 11                      10  
  Rest of World                                  80.1                                              10.7                                              —                      0.5                                91.3            14                      13  
  Segment operating profit                       364.5                                             30.6                                            1.4                   (16.2)                               380.3             4                       8  
  Corporate expenses (d)                         (63.9)                                             3.1                                              —                    (4.4)                              (65.2)             2                     (5)  
  Other items not allocated to segments (d)      (63.7)                                             6.4                                         (13.5)                      8.7                              (62.1)           (3)                    (10)  
  Operating profit                               $                                                 40.1                                         (12.1)                   (11.9)                               253.0             7                      17  

Amounts may not add due to rounding.

See page 39

Analysis of Segment Results: First Half 2025 versus First Half 2024

North America

Revenues increased 4% ($34.4 million) primarily due to a 4% organic increase ($32.5 million) and the impact of acquisitions ($4.3 million). Organic revenue increased primarily due to price increases and growth in AMS and DRS revenue, as well as BGS revenue. Operating profit increased 15% ($15.3 million) due to a 15% organic increase ($15.1 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 ($39.4 million) due to the unfavorable impact of currency exchange rates ($94.5 million), primarily from the Mexican peso, Argentine peso, and Brazilian real, partially offset by a 7% organic increase ($49.5 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 14% ($17.3 million) due to the unfavorable impact of currency exchange rates ($18.0 million) and a 1% organic decrease ($1.2 million), partially offset by the favorable impact of acquisitions ($1.9 million). The organic decrease was driven by lower volumes.

Europe

Revenues increased 6%