Dell falls as soft current quarter guide offsets Q2 beat, full-year outlook lift
RICHMOND, Va. - The Brink’s Company (NYSE:BCO) saw its stock rise 3.3% after reporting fourth-quarter earnings that missed analyst estimates but showed robust organic growth, particularly in its digital and ATM services segments.
The cash management and security services provider reported fourth-quarter adjusted earnings per share of $2.12, falling short of the $2.48 analyst consensus. Revenue came in at $1.26 billion, slightly below expectations of $1.3 billion but representing 1% growth YoY and 11% organic growth.
For the full year 2024, Brink’s achieved record revenue of $5.01 billion, up 3% YoY with 12% organic growth. The company highlighted particularly strong organic growth of 23% in its ATM managed services and digital retail solutions segment.
"2024 completes another year of strategic progress as we continue to transform Brink’s into a faster growing, more profitable and higher cash flow generating business," said Mark Eubanks, President and CEO of Brink’s.
Despite the Q4 miss, investors appeared to focus on the company’s long-term growth prospects. Brink’s provided Q1 2025 guidance for revenue between $1.2-$1.25 billion and adjusted EPS of $1.10-$1.40, compared to analyst estimates of $1.23 billion and $1.37 respectively.
The company also reported strong cash generation in 2024, with $426 million in cash from operations and $400 million in free cash flow. Brink’s returned $245 million to shareholders while reducing net leverage.
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