Brink's Company Reports Revenue Increase to $1,246.7 Million in Q1 2025

The Brink's Company reported a slight increase in revenue for the first quarter of 2025, reaching $1,246.7 million, up from $1,236.1 million in the same period of 2024. The company's operating profit was $119.1 million, a decrease from $120.9 million year-over-year. Despite the decline in operating profit, net income attributable to Brink's increased to $51.6 million, compared to $49.3 million in the prior year, driven by lower income tax expenses and reduced noncontrolling interests. Earnings per share from continuing operations rose to $1.19, up from $1.09 in the first quarter of 2024.

The company experienced a 1% increase in costs and expenses, totaling $1,125.8 million, primarily due to higher revenue. Selling, general, and administrative expenses decreased by 7% to $186.3 million, attributed to lower net compensation costs and professional fees. The operating profit margin slightly declined from 9.8% to 9.6%, impacted by unfavorable currency exchange rates and the costs associated with acquisitions. The company noted that organic revenue growth was primarily driven by inflation-based price increases and growth in its ATM managed services and digital retail solutions.

In terms of strategic developments, Brink's continued to focus on geographic expansion and enhancing its service offerings. The company reported organic revenue increases across all segments, with Latin America showing a notable organic growth of 7%. The North America segment also contributed positively, with a 3% revenue increase. The company is actively pursuing transformation initiatives aimed at standardizing its operations and improving efficiency, incurring $5.1 million in related expenses during the quarter.

Operationally, Brink's reported a decrease in cash flows from operating activities, which fell by $124.1 million compared to the previous year, largely due to changes in working capital and restricted cash held for customers. The company’s total debt as of March 31, 2025, was $3,881.6 million, slightly down from $3,896.2 million at the end of 2024. Brink's also repurchased 514,795 shares of its common stock for $44.8 million during the quarter, as part of its ongoing share repurchase program.

Looking ahead, Brink's management expressed confidence in its ability to meet liquidity needs through existing cash flows and available credit facilities. The company anticipates continued growth driven by its strategic initiatives and operational improvements, despite potential challenges from fluctuating currency rates and economic conditions in its international markets.