Brinks Co (BCO) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Earnings Press Release
10-Q Quarterly Report
10-Q QoQ Changes
Brinks Co
Ticker: BCO CIK: 78890



		Exhibit 99.1



Contact: Investor Relations
804.289.9709	FOR IMMEDIATE RELEASE

Brink's Reports Improved Third-Quarter Results

Strong Organic Growth in U.S., Mexico and South America Significantly Exceeds Currency Impact

Management Updates 2018 Guidance, Provides Preliminary Guidance for 2019

RICHMOND, Va., October 24, 2018 – The Brink’s Company (NYSE:BCO), the global leader in total cash management, route-based secure logistics and payment solutions, today announced results for the third quarter of 2018.



(In millions, except for per share amounts)	Third-Quarter 2018
	GAAP			Change	Non-GAAP			Change	Constant Currency Change^(b)
Revenue	$	852		0%	$	852		3%	13%
Operating Profit	$	67		1%	$	95		25%	55%
Operating Margin	7.9		%	10 bps	11.2		%	200 bps	12.7%
Net Income / Adjusted EBITDA^(a)	$	17		(13%)	$	136		21%	44%
EPS	$	0.34		(11%)	$	0.91		8%	42%


(a)	The non-GAAP financial metric, adjusted EBITDA, is presented with its corresponding GAAP metric, net income attributable to Brink's.


(b)	Constant currency represents 2018 results at 2017 exchange rates.

Highlights include:


•	Segment revenue: $106 million of organic and acquisition-related growth (13% constant currency growth) more than offset negative currency translation of $82 million; reported revenue growth of 3%


•	Total operating profit:


▪	GAAP: Organic and acquisition-related profit growth of $25 million (38% constant currency growth) more than offset negative currency translation of $24 million; reported profit growth of 1%


▪	Non-GAAP: Organic and acquisition-related profit growth of $42 million (55% constant currency growth) more than offset negative currency translation of $24 million; reported profit growth of 25%


•	North America revenue up 21%, operating profit up 99%


•	Profits in U.S. operations (excluding Dunbar) more than tripled; margin 6%+


•	Dunbar (acquired August 13) added $51 million of revenue


•	Mexico revenue up 8% (15% organic); 16% margin


•	South America organic and acquisition-related profit growth of $20 million (42% constant currency growth) offset by negative currency translation of $22 million; margin up 220 bps to 21.5%.


•	Rest of World revenue and profit declined slightly on continued pricing weakness and the sale of the airport guarding business in France; margin 12.1% vs 12.6%; improvement expected in 2019

Doug Pertz, president and chief executive officer, said: “The improvement in our third-quarter non-GAAP earnings was driven primarily by accelerating profit growth in our U.S. business, continued profit momentum in Mexico and acquisition-related growth. Reported non-GAAP operating profit rose 25%, reflecting strong organic and acquisition-

The following information was filed by Brinks Co (BCO) on Wednesday, October 24, 2018 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.

View differences made from one quarter to another to evaluate Brinks Co's financial trajectory

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