**Brink's Company Announces Second-Quarter 2024 Financial Results**

**Brink's Company Announces Second-Quarter 2024 Financial Results** Richmond, Va., Aug. 7, 2024 — The Brink's Company (NYSE: BCO), a leading global provider of cash and valuables management, digital retail solutions (DRS), and ATM managed services (AMS), today announced its financial results for the second quarter of 2024. ### Key Financial Metrics | Metric | Q2 2023 | Q2 2024 | Q/Q Change | Y/Y Change | Consensus Estimate (Q2 2024) | |--------|---------|---------|------------|------------|-----------------------------| | Total Revenue | $1.18B | $1.21B | +3% | +3% | $1.26B | | GAAP EPS | $0.68 | $1.03 | +51% | N/A | N/A | | Non-GAAP EPS | $1.27 | $1.67 | +31% | N/A | $1.47 | | GAAP Net Income | $32M | $46M | +44% | N/A | N/A | | Adjusted EBITDA | $195M | $226M | +16% | N/A | N/A | Brink's reported strong financials with a notable 44% increase in GAAP net income to $46 million and a 16% rise in adjusted EBITDA to $226 million compared to the same quarter last year. GAAP earnings per share (EPS) of $1.03 marked a 51% year-over-year increase, while non-GAAP EPS surged by 31% to $1.67, exceeding the consensus estimate of $1.47. ### Revenue Performance by Segment | Segment | Q2 2023 | Q2 2024 | Previous Guidance | |---------|---------|---------|-------------------| | North America | $500M | $529M | N/A | | Latin America | $260M | $269M | N/A | | Europe | $250M | $252M | N/A | | Rest of World | $170M | $160M | N/A | Brink's saw varying performance across its major segments. The North America segment contributed the most to revenue, achieving $529 million, up from $500 million last year, helped by a 360 basis-point expansion in adjusted EBITDA margins. Conversely, revenue in the Rest of World segment declined slightly to $160 million. ### Executive Comments Mark Eubanks, President and CEO of Brink's, highlighted the progress made on strategic objectives, including growing AMS and DRS revenue and expanding profit margins. "Our strong second-quarter results were underscored by significant organic growth in AMS and DRS, with a year-over-year increase of 26%. We have also returned $86 million in cash to shareholders this year, more than double the prior year," said Eubanks. He also noted the impact of the strengthening U.S. dollar on results but remained optimistic about the company's strategic direction. ### Dividends and Share Repurchase Program Brink's repurchased over 722,000 shares year-to-date at an average price of $91.02 per share. ### Forward Guidance Brink's provided an optimistic outlook for 2024. However, due to the complexities in forecasting certain elements, such as the impact of highly inflationary accounting in Argentina and potential restructuring actions, specific Non-GAAP outlook amounts could not be reconciled to GAAP without unreasonable effort. ### Stock Price Movement Following the release of second-quarter earnings, Brink's stock saw an increase of approximately 1.81%. For more details, you can access the full conference call transcript and replay via Brink's website at [www.brinks.com](www.brinks.com). **Contact Information:** The Brink's Company 804-289-9709 [www.brinks.com](www.brinks.com) --- The report has been organized into a more readable format, and unnecessary columns have been removed.