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RICHMOND - The Brink’s Company (NYSE:BCO), known for its secure transportation and cash management services, has announced an increase in its quarterly dividend. The board of directors declared a dividend of $0.255 per share, marking a 5% rise from previous payouts. This dividend is slated for distribution on June 2, 2025, to shareholders who are on record as of May 19, 2025.
The Brink’s Company operates a vast network spanning 51 countries and provides services to customers in over 100 countries. Their offerings include cash and valuables management, digital retail solutions, and ATM managed services. The company caters to a diverse clientele, including financial institutions, retailers, government agencies, mints, and jewelers.
This dividend increase reflects the company’s commitment to providing value to its shareholders and is a part of its regular quarterly dividend program. Shareholders can expect the payment in early June, following the close of the record date in late May.
The decision to raise the dividend comes as The Brink’s Company continues to maintain its position as a leading provider in its sector, demonstrating financial stability and confidence in its business model.
For further details regarding The Brink’s Company and its services, interested parties may visit the company’s website. This dividend announcement is based on a press release statement issued by The Brink’s Company.
In other recent news, The Brink’s Company reported its fourth-quarter earnings, which fell short of analyst expectations but demonstrated strong organic growth. The company posted adjusted earnings per share of $2.12, missing the analyst consensus of $2.48, and revenue of $1.26 billion, slightly below the expected $1.3 billion. Despite this, Brink’s achieved record revenue of $5.01 billion for the full year 2024, marking a 3% increase year-over-year with 12% organic growth. The ATM managed services and digital retail solutions segment showed particularly strong organic growth of 23%. Additionally, Brink’s provided guidance for the first quarter of 2025, projecting revenue between $1.2 billion and $1.25 billion and adjusted EPS of $1.10 to $1.40.
In other developments, Brink’s announced the retirement of James K. Parks, the Executive Vice President and President for Europe, Middle East, Africa, and Asia, effective May 1, 2025. Michael Gabay will succeed Parks as Executive Vice President and President for Europe, while Nader Antar will expand his responsibilities to include the Rest of World segment. These leadership changes are part of Brink’s commitment to a seamless management transition. The company also reported strong cash generation in 2024, with $426 million in cash from operations and $400 million in free cash flow, returning $245 million to shareholders and reducing net leverage.
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