Brink’s reports Q3 EPS $1.92 vs $1.38 last year

Reports Q3 revenue $1.227B vs $1.137B last year. Mark Eubanks, president and CEO, said: “We delivered another strong quarter of revenue, profit and free cash flow growth as we continue to build momentum and consistency in our business. Our higher growth AMS and DRS offerings grew a combined 18% organically in the third quarter and now exceed 20% of our total trailing twelve-month revenue. Record operating profit and operating profit margins reflect our disciplined cost productivity initiatives, including the restructuring actions late last year, and the margin benefits of price realization and improved revenue mix from DRS and AMS. Free cash flow of $216 million year-to-date reflects the flow through of higher operating profits and better working capital management. Consistent with our stated capital allocation priorities, we have returned nearly two-thirds of our free cash flow to shareholders through our share repurchase plan and quarterly dividend. Given the strength of our performance and positive cash flow outlook for the business, our board has authorized a new $500 million share repurchase plan.”