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Brinks Co (BCO) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

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Brinks Co

CIK: 78890 Ticker: BCO

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Exhibit 99.1
Contact: Investor Relations
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804.289.9709
FOR IMMEDIATE RELEASE


Brink’s Reports Record Revenue and Operating Profit for Fourth-Quarter and Full-Year
Continued Strong Growth Expected in 2022 as Revenue Returns to Pre-pandemic Levels

4Q Highlights:
Revenue up 7%, reflecting continued organic growth; constant currency up 11%
Operating profit: GAAP up 30% to $146M, non-GAAP up 6% to $154M; constant currency up 15%
Operating margin: GAAP 13.2%, non-GAAP 14.0%
GAAP net income up 97% to $50M, Adjusted EBITDA up 8% to $210M; constant currency up 15%
EPS: GAAP up 94% to $.97 vs $.50; non-GAAP up 2% to $1.68 vs $1.64; constant currency up 13%
EPS excluding prior year gain of $.13 per share related to an equity investment in MGI shares: GAAP up 162%, non-GAAP up 11%


RICHMOND, Va., February 23, 2022
– The Brink’s Company (NYSE:BCO), the global leader in total cash management, route-based secure logistics and payment solutions, today announced fourth-quarter and full-year results.

Doug Pertz, president and chief executive officer, said: “Today we reported record revenue and operating profit for both the fourth-quarter and full-year of 2021. These results clearly demonstrate the resiliency of our business and the persistent strength of cash usage around the world. We exited 2021 with substantially higher revenue and greater profitability than 2019, better positioned for the future. Additionally, 2022 revenue is expected to return to at least pro-forma pre-pandemic levels. Our confidence is based on expectations of continued recovery in retail markets, higher than historical price increases, accelerating contributions from our Strategy 2.0 digital solutions, and the continued execution of our productivity and efficiency initiatives.
“The 2022 guidance we are providing today reflects the strong growth rates and margin improvement targets we presented at our 2021 Investor Day. This guidance includes revenue growth of 8% to 11% and operating profit growth of 16% to 23%, with margin improvement of approximately 100 basis points.
“Our 2022 guidance represents significant value creation since the pre-pandemic period, and strong progress toward achieving our 3-year strategic plan targets. Our expected 2022 results include core business revenue at 2019 levels or higher, plus approximately $900 million of revenue from completed acquisitions, and cumulative margin improvement of approximately 150 basis points from pre-pandemic levels.”
Management’s 2022 guidance is consistent with the financial targets provided at its 2021 Investor Day, updated to reflect foreign exchange rates as of December 31, 2021. See page 3 for details.








The following information was filed by Brinks Co (BCO) on Wednesday, February 23, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Brinks Co's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statement Of Equity
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Accounts Receivable And Credit Losses
Accounts Receivable And Credit Losses (Details)
Accounts Receivable And Credit Losses (Tables)
Accrued Liabilities
Accrued Liabilities (Details)
Accrued Liabilities (Tables)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) (Tables)
Accumulated Other Comprehensive Income (Loss) - Amounts In Oci (Details)
Accumulated Other Comprehensive Income (Loss) - Reclasses Out Of Aoci (Details)
Acquisitions And Dispositions Acquisitions And Dispositions
Acquisitions And Dispositions Acquisitions And Dispositions (Tables)
Acquisitions And Dispositions Acquisitions And Dispositions - Acquired Entities (Details)
Acquisitions And Dispositions Acquisitions And Dispositions - Dispositions (Details)
Acquisitions And Dispositions Acquisitions And Dispositions - Pro Forma (Details)
Capital Stock
Capital Stock (Details)
Capital Stock (Tables)
Capital Stock - Shares Used To Calculate Earnings (Details)
Debt
Debt (Details)
Debt (Tables)
Debt - Financing Leases (Details)
Debt - Minimum Repayments Long Term Debt (Details)
Debt - Narrative (Details)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (Details)
Fair Value Of Financial Instruments (Tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - From Acquisitions (Details)
Goodwill And Other Intangible Assets - Other Intangible Assets (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Deferred Tax Assets And Liabilities (Details)
Income Taxes - Income And Taxes From Cont. Operations (Details)
Income Taxes - Narrative (Details)
Income Taxes - Net Operating Losses (Details)
Income Taxes - Rate Reconciliation (Details)
Income Taxes - Uncertain Tax Positions (Details)
Income Taxes - Valuation Allowances (Details)
Interest And Other Nonoperating Income (Expense)
Interest And Other Nonoperating Income (Expense) (Details)
Interest And Other Nonoperating Income (Expense) (Tables)
Leases
Leases (Tables)
Leases - Financing Leases Minimum Repayments (Details)
Leases - Lease Cost (Details)
Leases - Operating Future Minimum Lease Payments (Details)
Leases - Other Information (Details)
Leases - Supplemental Balance Sheet (Details)
Other Assets
Other Assets (Details)
Other Assets (Tables)
Other Commitments And Contingencies
Other Commitments And Contingencies (Details)
Other Liabilities
Other Liabilities (Details)
Other Liabilities (Tables)
Other Operating Income (Expense)
Other Operating Income (Expense) (Details)
Other Operating Income (Expense) (Tables)
Prepaid Expenses And Other
Prepaid Expenses And Other (Details)
Prepaid Expenses And Other (Tables)
Property And Equipment
Property And Equipment (Details)
Property And Equipment (Tables)
Reorganization And Restructuring
Reorganization And Restructuring (Tables)
Reorganization And Restructuring - Narrative (Details)
Retirement Benefits
Retirement Benefits (Tables)
Retirement Benefits - Assumptions (Details)
Retirement Benefits - Estimated Future Pension Benef Pmts (Details)
Retirement Benefits - Estimated Opeb Future Ben Pmts (Details)
Retirement Benefits - Fair Value Measurements (Details)
Retirement Benefits - Information Comparing Plan Assets To Plan Obligations (Details)
Retirement Benefits - Narrative (Details)
Retirement Benefits - Obligations And Funded Status (Details)
Retirement Benefits - Plan Assets (Details)
Retirement Benefits - Retirement Cost (Details)
Retirement Benefits - Savings Plan (Details)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (Policies)
Revenue From Contracts With Customers (Tables)
Revenue From Contracts With Customers - Contract Balances (Details)
Revenue From Contracts With Customers - Disaggregation Of Revenue (Details)
Segment Information
Segment Information (Tables)
Segment Information - Assets, Long Lived Assets, Revenues, Net Assets By Geographic Area (Details)
Segment Information - Capital Expenditures, Depreciation, Amortization (Details)
Segment Information - Narrative (Details)
Segment Information - Revenue And Operating Profits (Details)
Share-Based Compensation Plans
Share-Based Compensation Plans (Tables)
Share-Based Compensation Plans - Compensation Expense (Details)
Share-Based Compensation Plans - Narrative (Details)
Share-Based Compensation Plans - Options Activity (Details)
Share-Based Compensation Plans - Terms And Assumptions (Details)
Share-Based Compensation Plans Share-Based Compensation - Activity - Rsu, Psu, Msu, Dsu (Details)
Subsequent Events
Subsequent Events (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Details)
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies Estimated Useful Lives (Details)
Summary Of Significant Accounting Policies New Accounting Standards (Details)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (Details)
Supplemental Cash Flow Information (Tables)
Ticker: BCO
CIK: 78890
Form Type: 10-K Annual Report
Accession Number: 0000078890-22-000077
Submitted to the SEC: Fri Feb 25 2022 9:33:24 PM EST
Accepted by the SEC: Mon Feb 28 2022
Period: Friday, December 31, 2021
Industry: Arrangement Of Transportation Of Freight And Cargo

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