![]() ![]() In 2023, we expect organic revenue growth between 7 and 11%, approximately 100 basis-points of operating profit margin expansion, Adjusted EBITDA between $855 and $905 million, EPS between $6.30 and $7.00, and free cash flow conversion of approximately 40%. We are focused on continuing to raise the bar on our customer experience while enhancing productivity in the business and driving additional growth through innovation in digital retail solutions and ATM managed services. ![]() “Building from our strong foundation and 2022 operating momentum, we are excited about our growth and profitability potential in 2023 and beyond. Operating margin improvement was especially encouraging in North America, with the fourth-quarter over 15% for the first time in the history of the segment.” Operating profit growth included improved cost productivity, strong pricing discipline in an inflationary environment, growth in high-margin services and the early benefits of our late 2022 global restructuring efforts. Revenue growth included 25% organic growth in digital retail solutions and 50% organic growth in ATM managed services – key strategic focus areas for Brink's. For the full year, we grew organic revenue 12% and organic operating profit 23%, delivering a total company operating profit margin of 12.1%, the highest operating profit margin in recent history. Mark Eubanks, president and CEO, said: “Our fourth quarter non-GAAP results reflect a strong finish to an outstanding year and provide solid momentum as we begin 2023. ![]() 22, 2023 (GLOBE NEWSWIRE) - The Brink’s Company (NYSE:BCO), a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services, today announced fourth-quarter and full-year results. The 2023 Non-GAAP outlook amounts cannot be reconciled to GAAP without unreasonable effort - see explanation on page 3. Notes: Highest organic growth in over a decade based on total company organic revenue growth adjusted to exclude Venezuela prior to the 2018 deconsolidation. Free Cash Flow between $325M and $375M conversion approximately 40% of Adj.Non-GAAP EPS between $6.30 and $7.00 per share.Adjusted EBITDA between $855M and $905M.Non-GAAP operating profit between $615M and $665M ~100 basis points margin expansion.Revenue between $4,800M and $4,950M organic growth between 7-11%.GAAP net income up 62% to $171 M, adjusted EBITDA up 15% to $788 M.Operating margin: GAAP 8.0%, non-GAAP 12.1%.Operating profit: GAAP $361 M, non-GAAP $550 M.GAAP net income down 9% to $45 M, adjusted EBITDA up 18% to $247 M.Operating margin: GAAP 12.0%, non-GAAP 15.7%.Operating profit: GAAP $143 M, non-GAAP $187 M.Revenue up 8%, reflecting 12% organic growth. ![]() Management expects continued strong revenue and profit growth in 2023 Third consecutive quarter of double-digit organic revenue and operating profit growth Full-year revenue growth of 8%, including highest organic growth in over a decade ![]()
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