Reports Q4 revenue $1.246B vs $1.191B last year. Mark Eubanks, president and CEO, said: “We took a decisive step forward in the transformation of our business during 2023. I’m proud of the team’s ability to drive growth in higher-margin AMS and DRS customer offerings while expanding profit margins. Combined with our disciplined capital allocation policy and record free cash flow in the year, we reduced leverage into our targeted range as we committed to investors. Fourth quarter growth was highlighted by the eighth consecutive quarter of double-digit organic growth in AMS and DRS while operating profits were impacted by geopolitical and economic uncertainty in certain markets, and slower than expected growth in high margin services in North America. Looking into 2024, we expect to drive mid-single digit revenue growth, with continued double-digit organic growth in AMS and DRS. Adjusted EBITDA margins are expected to expand through productivity initiatives, improved growth and profitability in North America, and higher-margin revenue mix.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on BCO:
- Brink’s Announces Fourth-Quarter and Full-Year 2023 Results
- BCO Earnings this Week: How Will it Perform?
- Brink’s Schedules Fourth-Quarter and Full Year 2023 Earnings Release and Conference Call for February 29, 2024
- Brink’s Declares Quarterly Dividend
- Goldman Sachs Says the Bull Run in Equity Markets May Sustain — Here Are 3 Stocks to Bet On