📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

The Brink's Company provides cash and valuables management, digital retail solutions (DRS), and automated teller machines (ATM) managed services in North America, Latin America, Europe, and internationally.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding BCO

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	161.9K	$16.8M	0.02%	Mar 2026
Jim Simons Renaissance Technologies LLC	128.5K	$13.3M	0.02%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management repeatedly used phrases like 'overdelivered against our commitments', 'record Q2 EBITDA', 'increased our confidence', and provided specific figures for growth and margins. They proactively highlighted operational improvements and raised full-year guidance.

Q3 2025

Confident Specific

Management led with phrases like 'solid quarter', 'record Q3 EBITDA and operating profit margins', and 'delivered on our guidance commitments', citing specific metrics such as 19% margins, 5% organic growth, and 175M free cash flow.

Q4 2025

Confident Specific

Management repeatedly used superlatives ('exciting', 'compelling', 'tremendous'), provided precise synergy figures ($200M run-rate, 35% EPS accretion year one), and gave detailed breakdowns of synergy buckets (SG&A, network, procurement). The tone was forward-looking and assured, with no hedging on strategic benefits.

Q1 2026 latest

Confident Specific

Management repeatedly described the quarter as 'strong', 'at the upper end of guidance', and highlighted specific numbers like 'first time $1B trailing EBITDA' and 'free cash flow exceeding $500M'. Language such as 'proud of our consistent execution' and 'could not be more proud' reinforces confidence.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call. Management delivered Q1 results at the upper end of guidance and reaffirmed their full-year framework without modification. The consistent double-digit growth in AMS/DRS, combined with margin expansion in North America and Europe, validates the strategy of shifting to higher-margin recurring revenue. The NCR Atleos acquisition narrative is progressing well with concrete milestones (refinancing, registration statement, regulatory filings). Key items to watch next quarter: closing timeline for the acquisition, integration planning updates, and any signs of deceleration in AMS/DRS organic growth or precious metals volatility. Free cash flow conversion for the full year should be monitored given the Q1 outperformance but management's expectation to normalize to 40-45%.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Brink's Q1 revenue +10%, EBITDA $238M, AMS DRS +15% organic growth.

Revenue & Profitability

Q1 2026 revenue was not explicitly stated, but at 17.3% EBITDA margin on $238 million implies ~$1.38 billion. Adjusted EBITDA rose 10% YoY to $238 million, operating profit was $168 million (up 12%), and EPS was $1.80 (up 11%). Trailing twelve-month free cash flow reached $502 million for the first time, representing 50% conversion from EBITDA.

Outlook

Management expects mid-single-digit organic growth in 2026, driven by continued mid-to-high-teens growth in AMS/DRS. A favorable FX tailwind of 2%-3% is projected. Precious metals volatility, which boosted Global Services revenue in Q1, is expected to normalize in the second half of the year. Fuel price increases are well-covered by contractual surcharges.

Growth Drivers

AMS/DRS organic growth of 15% in Q1 was the 13th consecutive quarter of at least 15% growth, fueled by new customer wins such as Pandora (DRS), Paradies (DRS), and a large 5,000-ATM deployment with a national bank in Indonesia. Geographic expansion is underway in Rest of World, Latin America (Mexico, Brazil, Argentina), and steady progress in Europe and North America.

Balance Sheet & CapEx

Depreciation and amortization was $64 million in Q1, reflecting increased investment in AMS/DRS equipment. Cash outflow related to the NCR Atleos acquisition was $2 million in Q1, expected to be $50–$60 million for the full year. No specific standalone CapEx guidance was provided, but the company is investing in fleet and labor productivity.

Margins

Q1 EBITDA margin expanded 10 basis points to 17.3%, with North America up 170 bps (to 19.5% trailing twelve months) and Europe up 240 bps, driven by favorable revenue mix toward higher-margin AMS/DRS and productivity improvements in labor and fleet. Full-year 2026 EBITDA margin expansion is guided at 30–50 bps.

Key Risks

Risks highlighted include volatility in precious metals activity affecting Global Services revenue, foreign exchange fluctuations (though a tailwind in Q1), and execution risks around the NCR Atleos acquisition (regulatory approvals, shareholder votes, integration). Fuel price spikes are mitigated by contractual surcharges but could cause temporary margin pressure.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-05

Q2 saw 7% revenue growth and record margins, with AMS/DRS up 14% and strong free cash flow. The NCR Atleos acquisition advanced with major regulatory clearances and 99% shareholder approval. Full-year guidance was raised, with continued margin expansion and robust growth expected in AMS/DRS.

Q1 2026 Q1 2026 2026-05-06

Q1 delivered strong revenue and EBITDA growth, with AMS and DRS driving recurring high-margin gains. The NCR Atleos acquisition is progressing, with integration planning underway and leverage reduction prioritized. Guidance for 2026 and Q2 remains robust.

Q4 2025 Q4 2025 2026-02-26

A $6.6B acquisition will create a $10B revenue, $2B EBITDA company with strong recurring revenue, $200M in cost synergies, and over $1B in free cash flow expected. The deal is highly accretive, with robust growth in AMS/DRS and a focus on rapid deleveraging.

Q3 2025 Q3 2025 2025-11-05

Q3 saw 6% revenue growth and record margins, driven by AMS/DRS expansion and productivity gains. AMS/DRS now accounts for 28% of revenue, with organic growth accelerating to 19%. Full-year guidance is affirmed, with strong free cash flow and continued capital returns to shareholders.

Q2 2025 Q2 2025 2025-08-06

Strong Q2 results featured 5% organic revenue growth, record margins, and robust free cash flow. AMSDRS and Global Services segments are accelerating, prompting increased full-year guidance for revenue and EBITDA. Over 50% of free cash flow will be returned to shareholders.

📊 Analysis Methodology

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