Brink's (BCO) Tops Q3 EPS by 8c

Brink's (NYSE: BCO) reported Q3 EPS of $0.83, $0.08 better than the analyst estimate of $0.75. Revenue for the quarter came in at $828.7 million versus the consensus estimate of $818.72 million.

“Our 2017 non-GAAP guidance has been updated to reflect changes in our reporting and higher interest expense related to our new debt. Full-year operating profit is expected to be in a range between $280 million and $290 million. Full-year earnings are expected to be between $3.00 and $3.10 per share, and we expect 2017 adjusted EBITDA to be between $425 million and $435 million.

“Our initial target range for 2018 adjusted EBITDA is between $500 to $525 million, which does not include any contribution from future acquisitions with the exception of Temis in France, which is expected to close on October 31. We have a strong pipeline of core acquisition targets, as well as the financial capacity and discipline to complete additional accretive acquisitions at a projected rate of about $400 million per year in 2018 and 2019. We will provide detailed guidance for 2018 and updated targets for 2019 when we report fourth-quarter results.”

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

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