NYSE$BCO

Brinks Co · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Brink's reported record second quarter revenue and operating profit, with strong year-to-date cash generation and affirmed full-year 2023 guidance.

Brink's announced strong second-quarter results, achieving record revenue driven by organic growth in AMS and DRS, and disciplined pricing in cash and valuables management. The company affirms its 2023 guidance, confident in its outlook and ability to deliver long-term shareholder value.

  • Q2 Revenue increased by 7%, with 8% organic growth.
  • GAAP operating profit rose by 9% to $106M, while non-GAAP operating profit increased by 6% to $132M.
  • GAAP net income decreased by 9% to $32M, but adjusted EBITDA grew by 4% to $194M.
  • YTD GAAP net cash from operations increased by $64M to $105M, and non-GAAP free cash flow increased by $115M to $66M.

Headline financials

Total Revenue

$1.22B

Previous: $1.13B+7.3%
EPS (adj)

$1.18

Previous: $1.29-8.5%
Capital Expenditures

-$89.4M

Previous: -$83.4M-7.2%
Free Cash Flow

-$57.3M

Previous: -$48.3M-18.6%
Net Income

$32.1M

Previous: $35.1M-8.5%
Operating Income

$106M

Previous: $96.5M+9.4%
Gross Profit

$272M

Previous: $266M+2.3%
Cash & Equivalents

$890M

Previous: $743M+19.7%
Total Assets

$6.41B

Previous: $5.82B+10.1%
Stock-Based Comp

$8.3M

Previous: $14.9M-44.3%

Revenue & EPS history

Brinks · Revenue · Quarterly

$1.22B

Q2 2023+7.3%vs Q2 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

The company reaffirms its 2023 guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

+1.4%

Avg return

Earnings day

+1.7%

Avg return

5 days after

+3.9%

Avg return

30 days after

59%

40 / 68 earnings

Positive

+20.9%

Q2 2020

Best reaction

-14.4%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.5%+0.7%-3.3%
Q4 2025-14.4%-8.8%-25.7%
Q3 2025+7.6%+7.5%+10.2%
Q1 2025-5.3%-6.9%-10.4%
Q4 2024+1.9%-6.3%-7.7%
Q3 2024-3.3%-3.7%-9.0%
Q2 2024-5.6%-7.4%+4.2%
Q1 2024+6.2%+6.9%+11.8%
Q4 2023+3.7%+4.5%+16.3%
Q3 2023+3.5%+4.9%+18.7%
Q2 2023-1.5%-0.2%+3.8%
Q1 2023+4.2%+4.1%+13.8%
Q4 2022+6.7%+7.2%+3.8%
Q3 2022-3.2%-0.9%+0.9%
Q2 2022+4.4%+2.7%-0.5%
Q1 2022+0.2%+0.7%+8.3%
Q4 2021+3.3%+2.2%-2.2%
Q3 2021+16.2%+15.6%+6.8%
Q2 2021-3.8%-4.6%-1.4%
Q1 2021+4.3%+3.7%-2.0%
Q4 2020+5.8%+1.1%+3.9%
Q3 2020-2.5%+5.5%+57.1%
Q2 2020+20.9%+13.9%+31.1%
Q1 2020-11.6%-11.8%+0.6%
Q4 2019-6.5%-4.6%-10.5%
Q3 2019-0.8%+2.5%+4.2%
Q2 2019+4.7%+4.6%-18.4%
Q1 2019-3.3%-1.3%-2.5%
Q4 2018+0.9%+3.7%-2.3%
Q3 2018+8.2%+5.5%+4.1%
Q2 2018+2.4%+0.5%-1.1%
Q1 2018+0.5%-1.1%-7.2%
Q4 2017-10.1%-9.3%-10.9%
Q3 2017-8.9%-9.9%-5.1%
Q2 2017+12.9%+10.5%+6.5%
Q1 2017+5.5%+3.9%+7.2%
Q4 2016+16.1%+22.5%+21.2%
Q3 2016+8.7%+5.8%+20.6%
Q2 2016+2.6%+3.6%+15.8%
Q1 2016-13.1%
Q4 2015-0.1%
Q3 2015-2.8%
Q2 2015+3.5%
Q1 2015+15.6%
Q4 2014+7.4%
Q3 2014-7.2%
Q2 2014+2.7%
Q1 2014+1.0%
Q4 2013-1.3%
Q3 2013+9.2%
Q2 2013-1.2%
Q1 2013+6.1%
Q4 2012-8.6%
Q3 2012-7.2%
Q2 2012+1.8%
Q1 2012+18.1%
Q4 2010+2.0%
Q4 2011+2.0%
Q3 2011-5.3%
Q2 2011+1.9%
Q1 2010-5.9%
Q1 2011+0.1%
Q4 2008-1.1%
Q3 2010+2.8%
Q3 2009+2.8%
Q2 2010-1.5%
Q2 2009-1.5%
Q4 2009-1.5%

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