Company: BCO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000078890-25-000253
Chunk: 47

Company: BRINKS CO
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 47
---
                                  —                0.01                  0.01  
  Retirement plans (b)                             (0.03)                        (0.04)              (0.05)                (0.06)  
  Income tax rate adjustment (c)                   0.23                          (0.05)              (0.05)                  0.05  
  Non-GAAP                                         $                   1.79        1.79                   $      3.38        3.44  

Amounts may not add due to rounding.

(a) See “ Other Items Not Allocated To Segments” on pages 41 42

(b) See "Reconciliations of Non-GAAP to GAAP Measures" on page 47

(c) Non-GAAP income from continuing operations and non-GAAP EPS have been adjusted to reflect an effective income tax rate in each interim period equal to the full-year non-GAAP effective income tax rate. The full-year non-GAAP effective tax rate is estimated at 28.4% for 2025 and was 23.2% for 2024.

(d) There is no difference between GAAP and non-GAAP share-based compensation amounts for the periods presented.

(e) Due to the impact of Argentina highly inflationary accounting, there was a $0.2 million non-GAAP adjustment for a loss in the three and six months ended June 30, 2024. There was a $3.7 million and a $4.7 million non-GAAP adjustment for a loss in the three and six months ended June 30, 2025, respectively.

LIQUIDITY AND CAPITAL RESOURCES

Overview

Cash flows from operating activities increased $146.0 million in the first six months of 2025 as compared to the first six months of 2024. Cash used for investing activities increased by $41.2 million in the first six months of 2025 compared to the first six months of 2024. We financed our liquidity needs in the first six months of 2025 with existing cash from operations.

Operating Activities

                                                                                       Six Months                                   $  
                                                                                   Ended June 30,                                      
  (In millions)                                                                              2025                    2024      change  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cash flows provided from (used in) operating activities - GAAP                                $      143.8        (2.2)