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Brink's Company (BCO)
NYSE:BCO
US Market
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EarningsQ2 2026 Earnings Report

Brink's Company (BCO) Q2 2026 Earnings Report

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BCO Q2 2026 EPS Results

Actual EPS$2.13
Consensus EPS$2.04
Beat/MissBeat by +$0.09
One Year Ago EPS$1.79

BCO Q2 2026 Revenue Results

Actual Revenue$1.39B
Expected Revenue$1.39B
Beat/MissBeat by +$4.87M
YoY Revenue Growth+7.06%

Earnings Announcement Details

QuarterQ2 2026
Date08/05/2026
TimeBefore Open
Conference CallWednesday, August 5, 2026
BCO Upcoming Earnings
Brink's Company's next earnings date is estimated for November 11, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

BCO Q2 2026 Earnings Call
0:00 / 0:00

Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026
Earnings Call Date:Aug 05, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call emphasized multiple meaningful positives — strong AMS/DRS momentum, record margin expansion, double-digit EBITDA growth, robust free cash flow conversion, raised profit expectations, and substantial progress toward closing the NCR Atleos acquisition — while acknowledging some near-term timing-related softness across regions, reduced FX tailwinds, outstanding regulatory/licensing items and a temporary leverage increase at close. Overall, the company presented confidence in continued organic acceleration in the back half, clear margin and cash conversion targets, and a constructive acquisition roadmap.
Company Guidance
Brink’s reiterated its 2026 framework but raised profit expectations after a strong Q2, guiding to mid‑single‑digit total organic revenue growth with AMS/DRS growing mid‑ to high‑teens, full‑year EBITDA margin expansion of 30–50 bps and EBITDA‑to‑free‑cash‑flow conversion of 40–45% (Q2 TTM conversion 46% on $468M FCF). Q3 guidance: revenue $1.365–1.415B (slight sequential organic acceleration), adjusted EBITDA $263–283M (≈19.6% margin at the midpoint, ~60 bps expansion) and EPS $2.23–2.63; FX is now expected to be a 1.5–2.5% full‑year tailwind using yesterday’s rates (Q3 FX flat to <1%). Q2 results that supported the raise included revenue +7% (+4% constant currency), adjusted EBITDA $257M (+11%), EBITDA margin 18.5% (+70 bps), operating profit $190M (13.6%), EPS $2.13 on 41.5M diluted shares, interest $63M, effective tax rate 27.3%, D&A $64M (FY ≈$250M). Capital/leverage targets: net leverage 2.7x at quarter end (may exceed 3x at close of the NCR Atleos deal), planned standalone reduction to ~2.3x in 2026, target <3x by end‑2027 and a 2–3x long‑term range with ≥50% of FCF to shareholder returns once that range is restored.
Solid Overall Revenue and Organic Growth
Total revenue increased 7% year-over-year, comprised of 4% organic (constant-currency) growth and a 3% foreign currency tailwind.
Strong AMS/DRS Performance
ATM Managed Services and Digital Retail Solutions (AMS/DRS) grew organic revenue 14% in the quarter, marking the 14th consecutive quarter of mid-teens or better organic growth; AMS/DRS revenue has more than doubled over the same multi-quarter period to over $1.5 billion, with $50 million of organic revenue growth in the quarter.
Record Margins and Profitability Expansion
Adjusted EBITDA rose 11% to $257 million with adjusted EBITDA margin at 18.5%, up 70 basis points year-over-year; operating profit rose $25 million (15% year-over-year) to $190 million with an operating margin of 13.6%.
Strong EPS and Profit Flow-Through
EPS from continuing operations was $2.13 for the quarter (income from continuing operations $88 million on 41.5 million diluted shares); organic revenue growth of $54 million converted to $21 million of incremental EBITDA (approx. 39% flow-through), driving margin expansion.
Robust Free Cash Flow and Conversion
Trailing 12-month free cash flow was $468 million with free cash flow conversion of 46% of EBITDA (above the company's full-year framework); year-to-date performance is ahead of prior expectations and management expects full-year conversion of 40%–45%.
Raised Profit Guidance and Q3 Outlook
With Q2 EBITDA above the prior midpoint, management raised full-year profit expectations; Q3 revenue guidance is $1.365 billion to $1.415 billion with adjusted EBITDA guidance of $263 million to $283 million (midpoint implies ~19.6% margin) and Q3 EPS guidance of $2.23 to $2.63.
Progress on NCR Atleos Acquisition
Acquisition timeline moved forward to early Q1; obtained >99% shareholder support; meaningful regulatory progress including early termination by U.S. antitrust regulators and clearances in jurisdictions including Brazil, India, Turkey, Colombia and major Euro-zone countries; money transmitter licensing >80% complete.
North America Margin Progress
North America trailing 12-month EBITDA margin reached 19.8%, approaching the company’s intermediate 20% target, with management articulating further opportunities to push margins beyond that level through increased density and network effects.

BCO Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Nov 11, 2026
2026 (Q3)
2.43 / -
2.08
2026 (Q2)
2.04 / 2.13
1.7918.99% (+0.34)
2026 (Q1)
1.59 / 1.80
1.6211.11% (+0.18)
2025 (Q4)
2.47 / 2.54
2.1219.81% (+0.42)
2025 (Q3)
2.08 / 2.08
1.5137.75% (+0.57)
2025 (Q2)
1.45 / 1.79
1.677.19% (+0.12)
2025 (Q1)
1.17 / 1.62
1.526.58% (+0.10)
2024 (Q4)
1.89 / 2.12
2.76-23.19% (-0.64)
2024 (Q3)
1.79 / 1.51
1.92-21.35% (-0.41)
2024 (Q2)
1.47 / 1.67
1.1841.53% (+0.49)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed