Wednesday, February 21, 2024
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Cash Handling Company Brink's Reports Solid Profit Margins, Thanks To Cost Initiatives

Brink's Company (NYSE: BCO) reported third-quarter FY23 sales growth of 8% year-on-year to $1.227 billion, marginally beating the analyst consensus estimate of $1.226 billion.

Revenue from North America slipped 1% to $398 million, Latin America increased 13% to $340 million, and Europe jumped 31% to $288 million.

Non-GAAP operating profit rose 31% Y/Y to $166 million, and the corresponding operating margin increased 230 basis points ...

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