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Brinks Co (BCO) SEC Filing 10-Q Quarterly report for the period ending Friday, June 30, 2017

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 Improved Second-Quarter Results
2017 Guidance and 2019 Financial Targets Increased to Reflect Organic Growth and Acquisitions

RICHMOND, Va., July 26, 2017 – The Brink’s Company (NYSE:BCO), the global leader in cash management, secure logistics and security solutions, today announced results for the second quarter of 2017. Highlights include:
GAAP: Revenue up 9%, operating profit up 50%, margin up 160 bps to 6%, EPS $.28 vs $.01
Non-GAAP: Revenue up 6%, operating profit up 52%, margin up 240 bps to 7.9%, EPS up 64% ($.64 vs $.39)
Four acquisitions completed in 2017, another expected to close in fourth quarter
Doug Pertz, president and chief executive officer, said:  “The strong increase in our second-quarter results was driven by significant profit growth in North and South America, led by the U.S., Mexico, Brazil and Argentina. We’ve raised our full-year non-GAAP earnings guidance by $.40 to a range between $2.95 and $3.05 per share, reflecting our expectation of continued organic growth and a contribution of $.09 per share from acquisitions.
“We’re off to a good start in terms of executing on our three-year plan to drive substantial profit growth, both organically and through accretive acquisitions in our core markets. Thus far in 2017, we’ve completed four acquisitions, with the largest and most recent being our purchase of Maco in Argentina, which closed last week. In addition, our global 'breakthrough initiatives' to drive organic profit growth are beginning to ramp up, and are now expected to yield results that exceed our original strategic plan targets.
“Given our strong start to 2017, our confidence in continued organic growth, and the expected impact of recent acquisitions, we’ve raised our 2019 targets, which now include revenue of $3.6 billion, operating profit of $400 million, adjusted EBITDA of $560 million and earnings of $4.25 per share. We are clearly making progress in our efforts to improve operating leverage, and will continue to pursue synergistic acquisitions that drive additional growth and deliver superior value to our stakeholders.”
2017 Guidance(a) 
(In $ millions, except EPS)
 
2016 Actual
Prior
Guidance
Organic
Acquisitions/ Dispositions
Currency
Current Guidance
GAAP
 
 
 
 
 
Revenues
$
3,021

3,085

213

52

(76
)
3,274

Operating Profit
 
185

253 – 263

70

10

(56
)
277 – 287

EPS
$
0.72

2.35 – 2.45

0.60

0.09

(0.70
)
2.34 – 2.44

Non-GAAP
 
 
 
 
 
 
 
Revenues
$
2,908

3,036


52

92

3,180

Operating Profit
 
212

235 – 245

20

10

5

270 – 280

Adjusted EBITDA
 
333

370 – 380

20

20

5

415 – 425

EPS
$
2.24

2.55 – 2.65

0.26

0.09

0.05

2.95 – 3.05


(a)
See more detailed information on page 2.


The following information was filed by Brinks Co (BCO) on Wednesday, July 26, 2017 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-Q Quarterly 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-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets (unaudited)
Condensed Consolidated Balance Sheets (unaudited) Consolidated Balance Sheets (unaudited) (parenthetical)
Condensed Consolidated Statement Of Equity (unaudited)
Condensed Consolidated Statement Of Equity (unaudited) (parenthetical)
Condensed Consolidated Statements Of Cash Flows (unaudited)
Condensed Consolidated Statements Of Comprehensive Income (loss) (unaudited)
Condensed Consolidated Statements Of Operations (unaudited)
Accumulated Other Comprehensive (loss)
Accumulated Other Comprehensive (loss) (tables)
Accumulated Other Comprehensive (loss) - Comprehensive Income (loss) (details)
Accumulated Other Comprehensive Income (loss) - Reclasses Out Of Aoci (details)
Basis Of Presentation
Basis Of Presentation (details)
Basis Of Presentation (policies)
Contingent Matters
Debt
Debt (details)
Debt (tables)
Debt - Narrative (details)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments Fair Value Of Financial Instruments (details)
Fair Value Of Financial Instruments Fair Value Of Financial Instruments (tables)
Income Taxes
Income Taxes (tables)
Income Taxes - Narrative (details)
Income Taxes - Schedule Of Components Of Income Tax Expense (benefit) (details)
Reorganization And Restructuring
Reorganization And Restructuring (details)
Reorganization And Restructuring (tables)
Retirement Benefits
Retirement Benefits (tables)
Retirement Benefits - Retirement Cost (details)
Segment Information
Segment Information (tables)
Segment Information - Narrative (details)
Segment Information - Revenue And Operating Profits (details)
Segment Information Segment Information - Assets By Segment (details)
Segment Information Segment Information - Capital Expenditures, Depreciation, Amortization (details)
Share-based Compensation Plans
Share-based Compensation Plans (tables)
Share-based Compensation Plans - Compensation Expense (details)
Share-based Compensation Plans - Stock Activity - Dsus (details)
Share-based Compensation Plans - Stock Activity - Rsus, Psus, Msus(details)
Share-based Compensation Plans- Performance Stock Options (details)
Shares Used To Calculate Earnings Per Share
Shares Used To Calculate Earnings Per Share (details)
Shares Used To Calculate Earnings Per Share (tables)
Subsequent Events
Subsequent Events (details)
Supplemental Cash Flow Information
Supplemental Cash Flow Information (details)
Supplemental Cash Flow Information (tables)
Ticker: BCO
CIK: 78890
Form Type: 10-Q Quarterly Report
Accession Number: 0000078890-17-000043
Submitted to the SEC: Wed Jul 26 2017 4:11:03 PM EST
Accepted by the SEC: Wed Jul 26 2017
Period: Friday, June 30, 2017
Industry: Arrangement Of Transportation Of Freight And Cargo

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