Company: BCO
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000078890-25-000059
Chunk: 57

Company: BRINKS CO
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 57
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 Reporting compliance(a)— 0.8 — Retirement plans(b)(8.4)(9.0)11.0 Change in allowance estimate(a)— — 15.6 Valuation allowance on tax credits(b)— — — Share-based compensation(c)36.6 33.0 48.6 Marketable securities (gain) loss(d)(5.5)(42.4)(4.0)Adjusted EBITDA$911.9 867.2 788.3 

37

Years Ended December 31,(In millions, except for per share amounts)202420232022Diluted EPS:GAAP$3.61 1.83 3.63 Reorganization and restructuring(a)0.03 0.30 0.64 Acquisitions and dispositions(a)1.25 1.33 1.33 Argentina highly inflationary impact(a)0.92 3.13 1.00 Transformation initiatives(a)0.62 0.12 — DOJ/FinCEN investigations(a)1.02 — — Chile antitrust matter(a)0.02 0.01 0.02 Non-routine auto loss matter(a)0.05 0.17 — Ship loss matter(a)— — 0.08 Reporting compliance(a)— 0.02 — Retirement plans(b)(0.19)(0.15)0.17 Change in allowance estimate(a)— — 0.25 Valuation allowance on tax credits(b)(0.16)0.59 (1.11)Non-GAAP$7.17 7.35 5.99 

Amounts may not add due to rounding.

(a)See “Other Items Not Allocated To Segments” on pages 26-29 for details.

(b)See "Reconciliations of GAAP to Non-GAAP Measures" on page 35 for details.

(c)Due to reorganization and restructuring activities, there was a $0.9 million non-GAAP adjustment to share-based compensation in 2023. There is no difference between GAAP and non-GAAP share-based compensation amounts for the other periods presented.

(d)Due to the impact of Argentina's highly inflationary accounting, there was a $55.2 million non-GAAP adjustment for a loss in 2023, and a $1