Brink's (BCO) Misses Q1 EPS by 34c; Not Providing Guidance
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Brink’s Reports First-Quarter Results
May 5, 2020 4:06 PM EDTOperating profit: GAAP $26 million; non-GAAP $63 millionResults negatively affected by COVID-19 (est. $13 million) and currency translation ($15 million GAAP and $18 million non-GAAP)EPS: GAAP $.03 vs $.27; non-GAAP $.36 vs $.81, reflecting materially higher tax rateManagement reducing costs, preserving cash, expects strong recovery post-crisisExpect 2Q to be low point of 2020, with improved results in 2H as cost reductions take hold and global economies re-openAcquisition of G4S cash operations on track;... More
