December 07, 2016 11:15 PM ET

Commercial Services and Supplies

Company Overview of Loomis Armored US, Inc.

Company Overview

Loomis Armored US, Inc., a cash distribution company, provides cash handling products and services. The company offers secure armored transport, safe point retail cash management solutions, ATM services, outsourced vault services, and logistics services, as well as cash, coin, and check processing services. It serves financial institutions and commercial/retail businesses in the United States, Europe, and South America. The company was founded in 2007 and is based in Houston, Texas. Loomis Armored US, Inc. operates as a subsidiary of Loomis AB.

2500 CityWest Boulevard

Suite 900

Houston, TX 77402

United States

Founded in 2007

Phone:

713-435-6700

Fax:

713-435-6905

Key Executives for Loomis Armored US, Inc.

Chief Executive Officer and President
Age: 59
Chief Financial Officer
Age: 43
Chief Operating Officer
Senior Vice President of Risk Management
Senior Vice President of Administration
Compensation as of Fiscal Year 2016.

Loomis Armored US, Inc. Key Developments

Loomis USA Reports Earnings Results for the Third Quarter and Nine Months Ended September 2015

Loomis USA reported earnings results for the third quarter and nine months ended September 2015. For the quarter, the company's revenue was SEK 1,637 million compared to SEK 1,267 million a year ago. The growth is mainly explained by revenue from the CMS contract that started towards the end of 2014, continuing in 2015, and by increased revenue from SafePoint. Operating income (EBITA) was SEK 175 million compared to SEK 123 million a year ago. An increase in the proportion of revenue from CMS and SafePoint, and continuous efforts to achieve improved efficiency are the main explanations for the positive development. For the nine months, the company's revenue was SEK 4,720 million compared to SEK 3,585 million a year ago. Operating income (EBITA) was SEK 492 million compared to SEK 355 million a year ago. The positive development is mainly explained by a continuing increase in the proportion of revenue from CMS and SafePoint, as well as ongoing efforts to improve efficiency, which continue to yield results.

Loomis US Signs Strategic SafePoint Agreement with Jack in the Box's National Franchise Association

Loomis AB's subsidiary in the U.S. has entered into an agreement with Jack in the Box's National Franchise Association to place and service approximately 1,000 SafePoint units in the U.S. The contract runs over 5 years with total estimated revenue exceeding USD 18 million, corresponding to approximately SEK 150 million. The installation of the units is expected to start immediately and be completed before the summer 2016.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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