brink's co/the (BCO) Key Developments
The Brink's Company Approves the Amended and Restated Articles of Incorporation
May 13 15
The Brink's Company Approved the amendment to the company's amended and restated articles of incorporation regarding the annual election of directors, at its annual meeting of shareholders held on May 8, 2015.
Brink's Declares Quarterly Dividend, Payable on June 1, 2015
May 8 15
The board of directors of The Brink's Company declared a quarterly dividend of 10 cents per share on its common stock. The dividend is payable on June 1, 2015, to shareholders of record on May 18, 2015.
The Brink's Company Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Revised Earnings Guidance for the Year 2015 and 2016
May 1 15
The Brink's Company reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $776.1 million against $949.6 million a year ago. Operating profit was $12.9 million against operating loss of $73.7 million a year ago. Income from continuing operations before tax was $8.4 million against loss from continuing operations before tax of $79.5 million a year ago. Loss from continuing operations was $7.1 million or $0.01 per diluted share against $88.2 million or $1.21 per diluted share a year ago. Net loss attributable to the company was $3.0 million or $0.06 per diluted share against $58.5 million or $1.20 per diluted share a year ago. Capital expenditures was $14.3 million against $23.8 million a year ago. Non-GAAP Revenue was $755.6 million against $818.3 million a year ago. Non-GAAP operating profit was $40.6 million against operating loss of $20.8 million a year ago. Non-GAAP income from continuing operations attributable to the company was $20.1 million against $7.3 million a year ago. Non-GAAP diluted EPS continuing operations was $0.41 against $0.15 a year ago. Net debt increased by $50 million from the end of 2014 due to negative cash flow.
The company has not changed its 2015 guidance and announced that full-year 2015 capital expenditures and capital lease additions are expected to total $150 million to $160 million. For the year 2015, the company expects non-GAAP revenues of $3,100 million, non-GAAP operating profit between $165 million to $180 million, non-GAAP income from continuing operations between $77 million to $86 million and non-GAAP EPS from continuing operations between $1.55 to $1.75. The company expects non-GAAP depreciation and amortization of $150 and million. The company increased its margin guidance - margin rate guidance to a range between 5.3% to 5.8%.
For the year 2016, the company increased the operating margin rate from 6.7% to 7%. The company is maintaining the same EPS target of $2 to $2.40 on lower revenue of $3.4 billion at a higher 7% margin.
The Brink's Company Seeks Acquisitions
May 1 15
The Brink's Company (NYSE:BCO) said that its always exploring opportunities for growth, both organic and inorganic. And if the economics makes sense, they will pursue them. So M&A is always on the radar.
The Brink's Company Presents at Macquarie Capital Extreme Services Conference, May-11-2015
Apr 14 15
The Brink's Company Presents at Macquarie Capital Extreme Services Conference, May-11-2015 . Venue: The Waldorf=Astoria Hotel, New York, New York, United States. Speakers: Joseph W. Dziedzic, Chief Financial Officer and Executive Vice President.