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Last $28.42 USD
Change Today -0.07 / -0.25%
Volume 516.8K
BCO On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

brink's co/the (BCO) Snapshot

Open
$28.54
Previous Close
$28.49
Day High
$28.82
Day Low
$27.73
52 Week High
04/4/14 - $30.56
52 Week Low
10/30/14 - $19.15
Market Cap
1.4B
Average Volume 10 Days
429.4K
EPS TTM
$-1.85
Shares Outstanding
48.6M
EX-Date
02/4/15
P/E TM
--
Dividend
$0.40
Dividend Yield
1.41%
Current Stock Chart for BRINK'S CO/THE (BCO)

brink's co/the (BCO) Related Businessweek News

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brink's co/the (BCO) Details

The Brink's Company provides secure transportation, cash management services, and other security-related services worldwide. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation services, and first and second line maintenance; and network infrastructure services. It also provides secure logistics services for valuables, including diamonds, jewelry, precious metals, securities, currency, high-tech devices, electronics, and pharmaceuticals; and cash management services, such as money processing, deploying and servicing intelligent safes and safe control devices, integrated check and cash processing services, and check imaging services, as well as cashier balancing, counterfeit detection, account consolidation, and electronic reporting services. In addition, the company offers payment services, including bill payment processing, mobile phone top-up, and prepaid cards; and commercial security system services, such as security system design and installation services that include alarms, motion detectors, closed-circuit televisions, digital video recorders, and access control systems comprising card and biometric readers, electronic locks, and turnstiles. Further, it provides security and guarding services to protect airports, offices, warehouses, stores, and public venues. The company serves banks and financial institutions, retailers, government agencies, mints, jewelers, and other commercial operations companies. The Brink's Company was founded in 1838 and is headquartered in Richmond, Virginia.

63,350 Employees
Last Reported Date: 03/5/15
Founded in 1838

brink's co/the (BCO) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $800.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $534.7K
Executive Vice President and President of Glo...
Total Annual Compensation: $504.2K
Chief Information Officer and Vice President
Total Annual Compensation: $484.8K
Vice President and General Counsel
Total Annual Compensation: $421.0K
Compensation as of Fiscal Year 2014.

brink's co/the (BCO) Key Developments

The Brink's Company Proposes Amendment to the Amended and Restated Articles of Incorporation

The Brink's Company proposed and approve the amendment of the amended and restated articles of incorporation to provide for the annual election of directors, at its annual general meeting will be held on May 8, 2015.

The Brink's Company Enters into $525 Million, Five-Year, Revolving, Unsecured Amended and Restated Credit Agreement; Announces Executive Changes

On March 10, 2015, The Brink's Company and certain of its subsidiaries entered into a $525 million, five-year, revolving, unsecured amended and restated credit agreement with Wells Fargo Bank, National Association, as Administrative Agent, an Issuing Lender and Swingline Lender, and various other Lenders named therein. The new facility will be used to (i) refinance indebtedness under the Company's prior $480 million Credit Agreement, dated as of July 16, 2010 (as amended, the Previous Agreement"), among the company, certain subsidiary borrowers and guarantors and various agents and lenders, which Previous Agreement was terminated on March 10, 2015, and (ii) finance working capital needs, capital expenditures, acquisitions permitted under the Agreement and other general corporate purposes. The company and certain of its domestic subsidiaries guarantee payment of all obligations under the Agreement. The Company and its subsidiary borrowers borrowed approximately $266 million (USD equivalent) under the Agreement at closing and used the proceeds to repay the aggregate principal amount outstanding and interest due under the Previous Agreement and for general corporate purposes. No early termination penalties were paid by the Company in respect of the termination of the Previous Agreement. The Agreement generally provides for revolving credit loans in multiple currencies at interest rates equal to the LIBOR Rate, the Canadian Base Rate, the CDOR Rate or the Alternate Base Rate (each as defined in the Agreement) plus a margin that varies depending upon the company's Leverage Ratio (as defined in the Agreement) from time to time or the ratings assigned from time to time by Moody's Investors Service Inc. and Standard & Poor's Ratings Services to the company's senior, unsecured long-term, non-credit-enhanced debt for borrowed money. The revolving credit facility has a $50 million sublimit for swingline loans and such loans bear interest at the LIBOR Market Index Rate (as defined in the Agreement) plus a margin. Effective, March 9, 2015, Thomas Colan was named Controller of the company, succeeding Matthew A.P. Schumacher, whose planned retirement was disclosed on a Current Report on Form 8-K on September 4, 2014. Mr. Colan, 59, previously served as Vice President, Controller and Principal Accounting Officer of Computer Sciences Corp. from August 2012 to September 2014 and as Executive Vice President and Chief Accounting Officer of Discovery Communications from March 2008 to August 2012. Mr. Colan is a certified public accountant.

Thomas Cook Reportedly Eyeing Brink's Business

Thomas Cook (India) Limited (BSE:500413) is planning to make an acquisition. The company is eyeing India's cash management business of a US company. The news report quoted an unnamed source as stating, “A host of potential buyers have lined up to buy global security and protection company Brink's' cash management business in India, as the Richmond, Virginia (US)-headquartered firm looks to hive off the unit as part of global strategic review.” The report added that Hitachi Ltd.’s (TSE:6501) Prizm Payment Services Private Ltd., Thomas Cook (India), and SIS-Prosegur among others are interested in acquiring stake in The Brink's Company (NYSE:BCO). Share price of Thomas Cook shore up by 4% on March 11, 2015. Equirus Capital has been given the mandate for the transaction. While Equirus Capital refused to confirm developments, emails to Prizm Payments, SIS Prosegur and Fairbridge Capital, a holding company for Thomas Cook India remained unanswered at the time of going to press.

 

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