Company: BCO
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000078890-25-000059
Chunk: 115

Company: BRINKS CO
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 115
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,

partially offset by:

•unfavorable changes in currency exchange rates ($149.3 million), driven primarily by the Argentine peso, and

•higher corporate expenses on an organic basis ($12.4 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 decreased $23.2 million to $321.4 million due to higher interest expense ($32.4 million), lower interest and other nonoperating income ($20.6 million), and higher noncontrolling interest ($1.2 million), partially offset by lower income tax expense ($16.6 million) and the operating profit increase mentioned above. Non-GAAP diluted earnings per share from continuing operations was $7.17, down from $7.35 in 2023.

Adjusted EBITDA  Adjusted EBITDA increased 5% to $911.9 million primarily due to the increase in non-GAAP operating profit ($14.4 million), excluding the impact of higher non-GAAP depreciation and amortization ($11.6 million).

24

Revenues and Operating Profit by Segment

Impact of% Change OrganicAcquisitions /Currency Organic(In millions, except for percentages)2023Change(a)Dispositions(b)Effect(c)2024TotalGrowth(a)Revenues:       North America$1,601.1 36.6 13.9 (1.9)1,649.7 3 2 Latin America1,332.3 461.8 2.2 (485.3)1,311.0 (2)35 Europe1,136.8 82.3 7.6 0.7 1,227.4 8 7 Rest of World804.4 20.7 — (1.3)823.8 2 3 Segment revenues4,874.6 601.4 23.7 (487.8)5,011.9 3 12 Revenues$4,874.6 601.4 23.7 (487.8)5,011.9 3 12 Operating profit:North America$185.2 7.6 1.3 (0.1)194.0 5 4 Latin America280.3 149.0