Period
|
Revenue
|
Op Profit*
|
OP Margin*
|
EBITDA*
|
1H 2021 (Actual)
|
$2,027
|
201
|
9.9%
|
303
|
Q3 2021**
|
1,030 - 1,070
|
103
|
9.8%
|
150
|
Q4 2021 **
|
1,040 - 1,100
|
162
|
15.1%
|
208
|
FY 2021 **
|
$4,100 - 4,200
|
465
|
11.2%
|
660
|
*Non-GAAP
**At the mid-point of the Revenue range for Operating Profit, Operating Profit Margin and Adjusted EBITDA. Amounts may not add due to rounding.
About The Brink's Company
The Brink's Company (NYSE:BCO) is the global leader in total cash management, route-based secure logistics and payment solutions including cash-in-transit, ATM services, cash management services (including vault outsourcing, money processing and intelligent safe services), and international transportation of valuables. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Our global network of operations in 53 countries serves customers in more than 100 countries. For more information, please visit our website at www.brinks.com or call 804-289-97
_______________________________
| ||||
1GAAP to Non-GAAP Reconciliation:
|
2021 GAAP Outlook (b)
|
Reconciling Items (a)
|
2021 Non-GAAP Outlook (a)
| |
Revenue
| |||
1H 2021 (Actual)
|
$2,027
|
-
|
2,027
|
Q3 2021*
|
1,030 - 1,070
|
-
|
1,030 - 1,070
|
Q4 2021*
|
1,040 - 1,100
|
-
|
1,040 - 1,100
|
FY 2021*
|
$4,100 - 4,200
|
-
|
4,100 - 4,200
|
Operating profit
| |||
1H 2021 (Actual)
|
$135
|
66
|
201
|
Q3 2021*
|
75
|
28
|
103
|
Q4 2021*
|
142
|
20
|
162
|
FY 2021*
|
$352
|
113
|
465
|
Operating profit margin
| |||
1H 2021 (Actual)
|
6.7%
|
3.2%
|
9.9%
|
Q3 2021*
|
7.1%
|
2.7%
|
9.8%
|
Q4 2021*
|
13.2%
|
1.9%
|
15.1%
|
FY 2021*
|
8.5%
|
2.7%
|
11.2%
|
Adjusted EBITDA
| |||
1H 2021 (Actual)
|
$303
| ||
Q3 2021*
|
150
| ||
Q4 2021*
|
208
| ||
FY 2021*
|
$660
|
Revenues:
| |
GAAP
|
$ 2,026.5
|
Non-GAAP
|
$ 2,026.5
|
Operating profit (loss):
| |
GAAP
|
$ 135.0
|
Reorganization and Restructuring(a)
|
21.7
|
Acquisitions and dispositions(a)
|
39.2
|
Argentina highly inflationary impact(a)
|
6.5
|
Internal loss(a)
|
(1.7)
|
Non-GAAP
|
$ 200.7
|
Operating margin:
| |
GAAP margin
|
6.7%
|
Non-GAAP margin
|
9.9%
|
Interest expense:
| |
GAAP
|
$ (55.4
|
Acquisitions and dispositions(a)
|
0.8
|
Non-GAAP
|
$ (54.6
|
Interest and other income (expense):
| |
GAAP
|
$ (0.9
|
Retirement plans(c)
|
13.1
|
Acquisitions and dispositions(a)
|
(1.0)
|
Non-GAAP
|
$ 11.2
|
Taxes:
| |
GAAP
|
$ 36.3
|
Retirement plans(c)
|
3.7
|
Reorganization and Restructuring(a)
|
5.3
|
Acquisitions and dispositions(a)
|
2.2
|
Argentina highly inflationary impact(a)
|
(0.6)
|
Internal loss(a)
|
(0.7)
|
Income tax rate adjustment(b)
|
4.2
|
Non-GAAP
|
$ 50.4
|
1H 2021
| |
Income (loss) from continuing operations attributable to Brink's:
| |
GAAP
|
$ 36.7
|
Retirement plans(c)
|
9.4
|
Reorganization and Restructuring(a)
|
15.9
|
Acquisitions and dispositions(a)
|
36.4
|
Argentina highly inflationary impact(a)
|
7.1
|
Internal loss(a)
|
(1.0)
|
Income tax rate adjustment(b)
|
(3.9)
|
Non-GAAP
|
$ 100.6
|
Adjusted EBITDA(f):
| |
Net income (loss) attributable to Brink's - GAAP
|
$ 36.6
|
Interest expense - GAAP
|
55.4
|
Income tax provision - GAAP
|
36.3
|
Depreciation and amortization - GAAP
|
116.5
|
EBITDA
|
$ 244.8
|
Discontinued operations - GAAP
|
0.1
|
Retirement plans(c)
|
13.1
|
Reorganization and Restructuring(a)
|
21.0
|
Acquisitions and dispositions(a)
|
15.1
|
Argentina highly inflationary impact(a)
|
5.5
|
Internal loss(a)
|
(1.7)
|
Income tax rate adjustment(b)
|
0.3
|
Share-based compensation(d)
|
18.7
|
Marketable securities (gain) loss(e)
|
(14.2)
|
Adjusted EBITDA
|
$ 302.7
|
Depreciation and Amortization:
| |
GAAP
|
$ 116.5
|
Reorganization and Restructuring costs(a)
|
(0.2)
|
Acquisitions and dispositions(a)
|
(22.7)
|
Argentina highly inflationary impact(a)
|
(1.0)
|
Non-GAAP
|
$ 92.6
|
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Disclaimer
The Brink's Company published this content on 23 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2021 15:31:05 UTC.