Brink’s Company (NYSE: BCO) reported strong Q1 2025 results, delivering revenue of $1.25 billion—up 1% year-over-year and 6% organically—driven by over 20% growth in higher-margin ATM managed services and digital retail solutions. Non-GAAP EPS reached $1.62, matching the prior year despite currency headwinds, while adjusted EBITDA came in at $215 million. The company repurchased over $110 million in shares year-to-date, nearly tripling the prior year’s pace. Brink’s affirmed its 2025 full-year guidance, including mid-single-digit organic growth and 30–50 bps EBITDA margin expansion, and introduced Q2 2025 guidance of $1.25–1.30 billion in revenue and $1.25–1.65 in non-GAAP EPS. The company remains focused on operational improvements, recurring revenue growth, and disciplined capital allocation despite global economic uncertainty.

Brink’s Shareholders Approve Board Nominees and Executive Pay at 2025 Annual Meeting

The Brink’s Company held its 2025 Annual Meeting of Shareholders, during which all nine director nominees were elected to one-year terms expiring in 2026. Each candidate received strong majority support, with Ian D. Clough securing the highest number of votes at over 39.3 million in favor.

In addition to the board elections, shareholders approved the advisory vote on executive compensation with approximately 98.6% support. The appointment of KPMG LLP as Brink’s independent registered public accounting firm for the 2025 fiscal year also passed overwhelmingly, with over 41 million votes in favor.

All proposals were approved with significant majorities, and no items received a majority of opposition or abstentions.

Brink’s EVP James Parks to Retire; Leadership Changes Announced for International Operations

The Brink’s Company announced that James K. Parks, Executive Vice President and President of Europe, Middle East, Africa, and Asia, will retire on May 1, 2025. Parks’ departure marks the end of a significant tenure with the company.

Effective with his retirement, Michael Gabay, currently President of Brink’s France, will be promoted to Executive Vice President and President, Europe. Nader Antar, EVP and President of Brink’s Global Services, will expand his role to oversee the Rest of World segment, covering the Middle East, Africa, and Asia.

The announcement reflects Brink’s continued focus on global leadership alignment and operational continuity.

Brink’s reported strong financial performance for 2024, with record revenue of $5.01 billion, reflecting 3% year-over-year growth (13% at constant currency). Organic revenue growth was driven by a 23% increase in ATM Managed Services (AMS) and Digital Retail Solutions (DRS), while Cash and Valuables Management (CVM) saw 9% organic growth. Operating profit rose 7% to $453 million, and adjusted EBITDA increased 5% to $912 million.

The company generated $426 million in cash from operations and $400 million in free cash flow while reducing net leverage and returning $245 million to shareholders. In the fourth quarter, Brink’s recorded a $38 million charge related to settlements with the DOJ and FinCEN regarding historical cross-border currency shipments from 2018-2020. Full-year charges, including legal fees, totaled $45.7 million. These non-recurring charges were excluded from non-GAAP results.

Looking ahead, Brink’s expects mid-single-digit organic revenue growth in 2025, with AMS/DRS projected to grow in the mid-to-high teens. The company anticipates adjusted EBITDA margin expansion of 30-50 basis points and aims to return over 50% of free cash flow to shareholders.

For Q1 2025, Brink’s projects revenue between $1.2 billion and $1.25 billion, adjusted EBITDA between $190 million and $210 million, and non-GAAP EPS between $1.10 and $1.40. The company will host a conference call on February 26 at 9:00 a.m. ET to discuss results.