Company: BCO
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000078890-25-000059
Chunk: 231

Company: BRINKS CO
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 231
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 Change in allowance estimate(c)— — — — 15.6 3.7 Ship loss matter(c)— — — — 4.9 1.3 Reporting compliance(c)— — 0.8 — — — Retirement plans(b)(8.4)(0.1)(9.0)(2.0)11.1 2.9 Valuation allowance on tax credits(b)— 7.1 — (27.8)— 53.2 Non-GAAP$435.2 101.0 23.2 %$473.8 117.6 24.8 %$428.8 129.9 30.3 %

Amounts may not add due to rounding.

(a)From continuing operations.

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

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

36

Years Ended December 31,(In millions, except for per share amounts)202420232022Operating profit:  GAAP$453.0 425.2 361.3 Reorganization and restructuring(a)1.5 17.6 38.8 Acquisitions and dispositions(a)62.5 70.6 86.6 Argentina highly inflationary impact(a)35.0 86.8 41.7 Transformation initiatives(a)28.4 5.5 — DOJ/FinCEN investigations(a)45.7 — — Chile antitrust matter(a)1.3 0.5 1.4 Non-routine auto loss matter(a)2.0 8.0 — Ship loss matter(a)— — 4.9 Reporting compliance(a)— 0.8 — Change in allowance estimate(a)— — 15.6 Non-GAAP$629.4 615.0 550.3 Income from continuing operations attributable to Brink's:GAAP$161.8 86.0 173.5 Reorganization and restructuring(a)1.3 14.2 30.5 Acquisitions and dispositions(a)55.9 62.7 63.5 Argentina highly inflationary impact(a)41.4 146.5