Company: BCO
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0000078890-25-000154
Chunk: 32

Company: BRINKS CO
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 32
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• organic increases in Rest of World ($9.4 million), North America ($4.5 million), Latin America ($1.4 million), and Europe ($0.3 million) and

• lower corporate expenses on an organic basis ($4.9 million),

partially offset by:

• unfavorable changes in currency exchange rates ($14.8 million), driven primarily by the Mexican peso, Argentine peso, and Brazilian real.

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 decreased $4.3 million to $70.3 million due to higher income tax expense ($4.7 million), lower interest and other nonoperating income ($3.7 million), and higher interest expense ($1.7 million), partially offset by the operating profit increase mentioned above, and lower noncontrolling interest ($0.2 million). Earnings per share from continuing operations was $1.62, down from $1.65 in the first quarter of 2024.

Adjusted EBITDA Adjusted EBITDA decreased 1% to $215.0 million primarily due to lower interest and other nonoperating income, primarily driven by lower interest income.

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

                                                             Organic Change (a)      Impact of Acquisitions / Dispositions (b)      Currency Effect (c)                  % Change                          
  (In millions, except for percentages)          1Q'24                                                                                                        1Q'25         Total      Organic Growth (a)  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenues:                                                                                                                                                                                                
  North America                                  $                          9.9                                            4.3                    (2.1)       417.6             3                       2  
  Latin America                                  334.7                     24.8                                            2.5                   (54.4)       307.6           (8)                       7  
  Europe                                         291.4                     15.5                                            0.4                    (8.2)       299.1             3                       5  
  Rest of World                                  204.5                     19.0                                              —                    (1.1)       222.4             9                       9  
  Segment revenues