Last $27.17 USD
Change Today +0.12 / 0.44%
Volume 464.8K
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As of 8:04 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

brink's co/the (BCO) Key Developments

The Brink's Company Announces Unaudited Consolidated Earnings Results for the Second Quarter and First Half Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014

The Brink's Company announced unaudited consolidated earnings results for the second quarter and first half ended June 30, 2014. For the quarter, the company reported revenues of $901.5 million against $969.9 million a year ago. Operating profit was $10.7 million against $32.8 million a year ago. Income from continuing operations before tax was $5.4 million against $27.2 million a year ago. Income from continuing operations was $0.7 million against $16.5 million a year ago. Net income attributable to the company from continuing operations was $2.3 million or $0.05 basic and diluted per share against $13.2 million or $0.27 basic and diluted per share a year ago. Net income attributable to the company was $1.6 million or $0.03 basic and diluted per share against $8.7 million or $0.18 basic and diluted per share a year ago. On non-GAAP basis, the company’s revenue was $901.5 million, operating profit was $29.9 million, net income attributable to the company from continuing operations was $12.8 million or $0.26 diluted per share against revenue of $886.0 million, operating profit of $38.0 million, net income attributable to the company from continuing operations of $17.1 million or $0.35 diluted per share a year ago. Second quarter cash flow from operating activities improved slightly versus last year, primarily due to working capital improvements. Net debt as of June 30, 2014 was $342.6 million compared to $211.8 million a s of December 31, 2014, increased by $131 million since the end of 2013, due mainly to the write-down of cash and cash equivalents in Venezuela and increased borrowing related to the U.S. pension plan. For the first half, the company reported revenues of $1,893.1 million against $1,920.4 million a year ago. Operating loss was $61.8 million against operating profit of $50.1 million a year ago. Loss from continuing operations before tax was $73.2 million against income from continuing operations before tax of $39.2 million a year ago. Loss from continuing operations was $86.9 million against income from continuing operations of $23.1 million a year ago. Net loss income attributable to the company from continuing operations was $56.1 million or $1.15 basic and diluted per share against net income attributable to the company from continuing operations of $16.1 million or $0.33 basic and diluted per share a year ago. Net loss income attributable to the company was $56.9 million or $1.16 basic and diluted per share against $7.9 million or $0.16 basic and diluted per share a year ago. Cash flows from operating activities were $47.6 million against $41.1 million a year ago. Capital expenditures were $56.9 million against $78.2 million a year ago. On non-GAAP basis, the company’s revenue was $1,780.0 million, operating profit was $58.7 million, net income attributable to the company from continuing operations was $23.7 million or $0.48 diluted per share against revenue of $1,752.0 million, operating profit of $63.8 million, net income attributable to the company from continuing operations of $27.2 million or $0.56 diluted per share a year ago. Cash flows from operating activities on non-GAAP were $38.6 million against $33.4 million a year ago. The company provided earnings guidance for the full year of 2014. For the year, the company expects total revenues of $3.7 billion and non-GAAP total revenues of $3.6 billion. Effective income tax rate was 100% and non-GAAP effective income tax rate in the range of 35% to 38%. Interest expense in the range of $24 million to $26 million and non-GAAP interest expense in the range of $24 million to $26 million. Net loss attributable to non-controlling interests in the range of $25 million to $29 million and non-GAAP net income attributable to non-controlling interests in the range of $18 million to $22 million. Capital expenditures were in the range of $160 million to $170 million and non-GAAP capital expenditures were in the range of $160 million to $170 million. Depreciation and amortization for GAAP and non-GAAP in the range of $175 million to $180 million.

The Brink's Company to Report Q2, 2014 Results on Jul 24, 2014

The Brink's Company announced that they will report Q2, 2014 results at 11:02 AM, GMT Standard Time on Jul 24, 2014

The Brink's Company, Q2 2014 Earnings Call, Jul 24, 2014

The Brink's Company, Q2 2014 Earnings Call, Jul 24, 2014

The Brink's Company Declares Quarterly Dividend, Payable on September 2, 2014

The board of directors of The Brink's Company declared a quarterly dividend of 10 cents per share on the company's common stock. The dividend is payable on September 2, 2014, to shareholders of record on July 25, 2014.

The Brink's Company(NYSE:BCO) added to S&P SmallCap 600 Index

The Brink's Company(NYSE:BCO) added to S&P SmallCap 600 Index

 

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BCO

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Price/Earnings 100.0x
Price/Sales 0.3x
Price/Book 2.0x
Price/Cash Flow 87.9x
TEV/Sales 0.1x
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