Brink's (BCO) Tops Q1 EPS by 22c, Offers Guidance
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Brink's Reports Record First-Quarter Results
May 10, 2022 7:30 AM EDTRecord Revenue, Operating Profit, Net Income, Adjusted EBITDA and EPSFull-Year Guidance Affirmed
1Q Highlights:
Revenue up 10%, reflecting 9% organic growthOperating profit: GAAP up 1% to $62M; non-GAAP up 24% to $112MOperating margin: GAAP 5.8%; non-GAAP 10.4%GAAP net income $71M vs $13M; adjusted EBITDA up 21% to $165MEPS: GAAP $1.48 vs $0.25; non-GAAP up 46% to $1.15 Non-GAAP excludes a one-time $58M tax benefit and a one-time $17M receivables reserve related primarily to customers impacted by the pandemicRICHMOND, Va., May 10, 2022... More
