Home News Brink’s Co. Adjusted Earnings Increase in Q4

Brink’s Co. Adjusted Earnings Increase in Q4


In the latest fourth quarter, Brink’s Co. saw an increase in adjusted earnings as part of its ongoing efforts to downsize its workforce by up to 3,400 positions.

Financial Overview

  • The Richmond, Va.-based company reported a loss of $5 million, or 13 cents per share, compared to a profit of $45 million, or $1.01 per share, in the prior year.
  • Adjusted for certain one-time items, Brink’s reported earnings of $2.76 per share, up from $2.10 per share in the previous year.
  • Sales also showed growth with a 5% increase to $1.25 billion.

Future Outlook

  • Looking ahead to fiscal 2024, Brink’s anticipates revenues ranging between $5.08 billion and $5.23 billion, with adjusted earnings expected to fall between $7.30 and $8 per share.

Restructuring Efforts

  • In the first quarter of 2023, Brink’s successfully completed and approved a restructuring plan aimed at yielding approximately $60 million in annualized cost savings.
  • Up to this point, the company has incurred charges totaling $33.2 million within the program, including $11 million in the year 2023.

Overall, Brink’s Co. remains focused on enhancing its financial performance and streamlining its operations for sustained growth in the future.


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