Company: BCO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000078890-25-000312
Chunk: 32

Company: BRINKS CO
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 32
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 in this table are attributable to the shareholders of Brink’s and exclude earnings related to noncontrolling interests.

(b) These measures are supplemental financial measures that are not required by, or presented in accordance with, GAAP. See page 47

(c) Amounts for the nine months ended September 30, 2025 include an adjustment that reduced depreciation expense and increased income from continuing operations by $13.6 million. See "Depreciation Adjustment" in Note 1 for more details.

GAAP Basis

Analysis of Consolidated Results: Third Quarter 2025 versus Third Quarter 2024

Consolidated Revenues Revenues increased $76.5 million due to organic increases in North America ($22.5 million), Europe ($16.1 million), Latin America ($15.3 million), and Rest of World ($5.0 million), favorable impact of currency exchange rates ($12.8 million), and the favorable impact of acquisitions ($4.8 million). The favorable currency exchange rate impact was driven primarily by the euro. Revenues increased 5% on an organic basis primarily due to inflation-based price increases and organic growth in AMS and DRS revenue. See our definition of “organic growth” on page 47

Consolidated Costs andExpenses Cost of revenues increased 5% to $990.4 million primarily due to the impact of higher revenue and the impact of currency exchange rates. Selling, general and administrative costs decreased 2% to $199.0 million primarily due to an organic decrease due to lower consulting fees and lower transformation initiative costs.

Consolidated Operating Profit and Operating Profit Margin Operating profit margin increased from 8.9% to 11.4%. Operating profit increased $40.8 million due mainly to:

• organic increases in North America ($15.3 million), Rest of World ($3.1 million), and Europe ($2.8 million),

• lower corporate expenses on an organic basis ($15.3 million),

• favorable changes in currency exchange rates ($5.6 million), and

• the impact of acquisitions reflected in segment results ($2.0 million),

partially offset by:

• an organic decrease in Latin America ($1.5 million) and

• higher costs incurred related to business acquisitions and dispositions ($1.2 million).

Consolidated Income from Continuing Operations Attributable to Brink’s and Related Per Share Amounts Income from continuing operations attributable to Brink’s shareholders increased $7.3 million to $36.2 million due to the