Brink`s Co.

NYSE:BCO   11:47:03 AM EDT
64.76
+5.74 (+9.73%)
Positive Earnings Pre-Announcement

Brinks Now Expects FY Revenue Of $4.1 Billion To $4.2 Billion With Adj Operating Profit Margin Of ~11.2%

Published: 09/23/2021 13:40 GMT
Brink`s Co. (BCO) - Brink’s Provides Business Update, Revises 2021 Guidance.
Now Expects Full-year Revenue of $4.1 Billion to $4.2 Billion With a Non-GAAP Operating Profit Margin of Approximately 11.2%.
Management Cited Persistence of Global Pandemic As Primary Driver Behind Lower-than-expected Revenue in Several Key Markets.
In U.S., Labor Shortages and Inflationary Cost Pressures Are Affecting Near-term Performance.
Preliminary Targets for 2022 Continue to Include Adjusted EBITDA Growth to a Range Between $785 Million and $825 Million.
Increased Selling Prices in U.S. Which, When Fully Implemented, Are Expected to Offset Wage Increases & Lead to Improved Results by Year-end.
Continue to Expect 2022 Percentage Profit Growth in High Teens.
Sees Q3 2021 Revenue $1,030 Million – $1,070 Million.
Q3 Revenue View $1.12 Billion -- Refinitiv Ibes Data (analyst estimates).
FY2021 Revenue View $4.33 Billion -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $1.11 Billion
Adjusted EPS is expected to be $1.21

Next Quarter Revenue Guidance is expected to be $1.11 Billion
Next Quarter EPS Guidance is expected to be $1.58

More details on our Analysts Page.