Brink's (BCO) Tops Q3 EPS by 40c, Offers FY Guidance
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Brink's Reports Third-Quarter Results, Reinstates 2020 Guidance
October 29, 2020 6:30 AM EDTThird-Quarter Results Reflect Strong Revenue Recovery, Cost Reductions Drive Margin GrowthFull-Year Results Expected to Exceed High End of Previously Disclosed Sensitivity ModelU.S. Cash Processing Volumes Above Pre-pandemic Levels, Reflecting Continued Strong Cash Usage
3Q20:
EPS: GAAP $(.47); non-GAAP $.86 Net Income: GAAP ($24 million); Adjusted EBITDA $147 millionRevenue: up 5%; up 11% constant currencyRevenue at 88% of 2019 pro forma, up from 78% in 2Q, September at 90% (pro forma includes G4S in 2019)Operating profit: GAAP $76 million, 7.9% margin; non-GAAP... More