Brink's (BCO) Tops Q4 EPS by 15c

Brink's (NYSE: BCO) reported Q4 EPS of $0.55, $0.15 better than the analyst estimate of $0.40. Revenue for the quarter came in at $766 million versus the consensus estimate of $754.47 million.

GUIDANCE:

Brink's sees FY2016 EPS of $2.00-$2.20, versus the consensus of $1.94. Brink's sees FY2016 revenue of $2.8 billion, versus the consensus of $3.02 billion.

Tom Schievelbein, chairman, president and chief executive officer, said: “Fourth-quarter non-GAAP earnings came in well ahead of the guidance we provided in October and capped a year of strong profit growth. Results for the quarter were driven primarily by organic profit growth in Argentina, Brazil, Mexico and Asia, combined with reduced corporate expenses and a substantially lower tax rate. These factors were offset by profit declines in the U.S. and Europe and persistent currency headwinds. On a constant currency basis, fourth-quarter non-GAAP EPS rose 29% over a very strong year-ago quarter, and full-year non-GAAP EPS more than doubled.

“Despite continuing challenges in the U.S., our 2015 results reflect significant progress in our turnaround efforts in Mexico and disciplined execution in our cost reduction efforts. In 2016, we expect substantial profit growth in the U.S., continued improvement in Mexico, and ongoing cost reductions to help us achieve non-GAAP earnings in the $2.00 to $2.20 per share range on revenue of approximately $ 2.8 billion.”

For earnings history and earnings-related data on Brink's (BCO) click here.

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