NYSE$BCO

Brinks Co · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Brink's reported Q3 2022 results with revenue up 6% and affirmed adjusted EBITDA and EPS guidance.

Brink's Q3 2022 results showed double-digit organic growth in revenue, operating profit, adjusted EBITDA and EPS. The company is implementing a restructuring plan expected to yield $40 million in sustainable fixed cost reductions in 2023. Revenue and operating profit are expected to be at the low end of the guidance range due to foreign exchange translation.

  • Revenue up 6%, reflecting 13% organic growth
  • GAAP net income up 1% to $19M; adjusted EBITDA up 11% to $189M
  • EPS: GAAP up 8% to $0.41; non-GAAP up 18% to $1.34
  • Global restructuring expected to yield $40 million in profit growth in 2023

Headline financials

Total Revenue

$1.14B

Previous: $1.08B+5.7%
EPS (adj)

$1.34

Previous: $1.14+17.5%
Capital Expenditures

-$132M

Previous: -$114M-15.7%
Free Cash Flow

-$112M

Previous: -$94.7M-18.6%
Net Income

$19.2M

Previous: $19M+1.1%
Operating Income

$59.5M

Previous: $74.2M-19.8%
Gross Profit

$256M

Previous: $238M+7.6%
Cash & Equivalents

$1.02B

Previous: $701M+45.4%
Total Assets

$5.93B

Previous: $5.55B+6.9%
Stock-Based Comp

$14.3M

Previous: $9.2M+55.4%

Revenue & EPS history

Brinks · Revenue · Quarterly

$1.14B

Q3 2022+5.7%vs Q3 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

The company remains on track to achieve the mid-point of its guidance for adjusted EBITDA and EPS, with revenue and operating profit now expected to be at the low end of the range due primarily to the impact of foreign exchange translation.

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 Q3 2022

Historical avgQ3 2022

+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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