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Brinks Co (BCO) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2008

Brinks Co

CIK: 78890 Ticker: BCO
 
 
Exhibit 99.1

 
                                      The Brink’s Company
                                      1801 Bayberry Court
                                      P.O. Box 18100
                                      Richmond, VA 23226-8100 USA
                                      Tel. 804.289.9600
                                      Fax 804.289.9770



PRESS RELEASE



Contact:                                                                                                                                                                        FOR IMMEDIATE RELEASE
Investor Relations
804.289.9709





THE BRINK’S COMPANY REPORTS HIGHER EARNINGS FOR 2008 FOURTH QUARTER AND FULL YEAR
Fourth-Quarter Earnings from Continuing Operations Up 8%, 2008 Earnings Rise 68%



RICHMOND, Va., February 4, 2009 – The Brink’s Company (NYSE: BCO), a global leader in security-related services, reported fourth-quarter earnings of $39 million or 83 cents per share versus $36 million or 76 cents per share in the fourth quarter of 2007.  Full-year earnings rose 68% to $132 million or $2.82 per share.  Results are summarized in the following table:
   
Three Months Ended
         
Years Ended
       
   
December 31,
   
Percent
   
December 31,
   
Percent
 
(In millions, except per share amounts)
 
2008
   
      2007
   
Change
   
2008
   
2007
   
Change
 
                                     
Revenues
  $ 760       757       -     $ 3,164       2,735       16 %
Segment operating profit
    69       76       (9 %)     272       223       22 %
Operating profit
    69       61       15 %     229       161       42 %
Income from continuing operations
    39       36       8 %     132       78       68 %
Net income
    37       54       (33 %)     183       137       34 %
Diluted earnings per common share:
                                               
Continuing operations
  $ 0.83       0.76       9 %   $ 2.82       1.67       69 %
Net income
    0.78       1.15       (32 %)     3.93       2.92       35 %
*For additional details, see financial information on pages 10-18.

Fourth-Quarter 2008 Versus 2007
Fourth-quarter income from continuing operations increased to $39 million or 83 cents per share.  Reported revenue was up slightly at $760 million.  On a constant currency basis, revenue increased 10%.  (See non-GAAP reconciliation for constant currency on page 11.)

 
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The following information was filed by Brinks Co (BCO) on Wednesday, February 4, 2009 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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