Brinks security signs for sale6/12/2023 ![]() ![]() “We remain focused on generating revenue and profit growth by providing a superior customer experience and driving continuous improvement across our operations. The highest non-GAAP first quarter operating margin in recent history reflects higher levels of productivity including labor improvements in the U.S., benefits from the 2022 global restructuring plan and improved revenue mix. Double-digit revenue growth was highlighted by robust gains in digital retail solutions and ATM managed services, as well as strong pricing discipline across the business. Mark Eubanks, president and CEO, said: “Our strong performance in the first quarter demonstrates continued positive momentum as we execute on our strategic priorities. RICHMOND, Va., (GLOBE NEWSWIRE) - The Brink’s Company (NYSE:BCO), the global leader in total cash management, route-based secure logistics and payment solutions, today announced first-quarter results. GAAP net income down 79% to $15 M adjusted EBITDA up 15% to $191 M.Operating margin: GAAP up 16% to 6.7% non-GAAP up 3% to 10.7%.Operating profit: GAAP up 28% to $80 M non-GAAP up 14% to $127 M.Revenue up 10%, r eflecting 13% organic growth.Increased Full-Year 2023 Guidance for Operating Profit, Adjusted EBITDA and EPS ![]() Highest Q1 GAAP Operating Profit Margin Since 2018, Non-GAAP Operating Profit Margin Since 2010 Double-Digit Revenue and Operating Profit Growth ![]()
0 Comments
Leave a Reply. |