Brink's Company earnings date
Brink's Company (PTY) Q3 2026 Earnings Report
DE:PTY Q3 2026 EPS Results
- Actual EPS
- EUR 2.20
- Consensus EPS
- EUR 1.98
- Beat/Miss
- Beat by +EUR 0.23
- One Year Ago EPS
- EUR 1.86
DE:PTY Q3 2026 Revenue Results
- Actual Revenue
- EUR 1.23B
- Expected Revenue
- EUR 1.24B
- Beat/Miss
- Missed by -EUR 9.83M
- YoY Revenue Growth
- +2.97%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- Before Open
- Conference Call
- Wednesday, November 4, 2026
Brink's Company's next earnings date is estimated for March 4, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was strongly positive overall. Brink’s reported solid revenue, EBITDA, margin, EPS, free cash flow, AMS DRS growth, backlog, and customer-win momentum, reaffirmed its 2026 framework, and advanced the NCR Atleos transaction timeline and synergy plan. These positives outweighed challenges including CVM decline, moderating Global Services growth, FX and Malaysia-related headwinds, regional weakness in parts of Latin America, delayed customer decisions, regulatory divestitures, and temporarily higher post-acquisition leverage.
Brink’s said its 2026 framework is unchanged, with mid single digit total organic growth, mid to high teens organic growth for AMS and DRS, adjusted EBITDA margins expanding between 30 and 50 basis points, and adjusted EBITDA to free cash flow conversion between 40-45%; fourth-quarter revenue is expected to be between $1.365 billion and $1.415 billion, reflecting between 3-4.5% organic growth, with FX a little more than a 1% headwind, adjusted EBITDA between $275 million and $295 million, adjusted EBITDA margin expansion of approximately 40 bps to 20.5% at the midpoint, and EPS between $2.45 and $2.80. The company expects to close the NCR Atleos transaction in early January of 27, reach its full $200 million run rate synergy projection by the end of 29, target net leverage below 3 times by the end of 27, return to its targeted leverage level of 2x to 3x, and then allocate at least 50% of free cash flow to shareholder returns; it also has line of sight to $1 billion of free cash flow.
- Organic Growth and Strong Quarterly ProfitabilityThird-quarter revenue increased 3%, including 4% organic growth and a 1% foreign-currency tailwind. Adjusted EBITDA increased 8% to $274 million, operating profit increased 11% to $208 million, and EPS increased 18% to $2.46.
- Adjusted EBITDA Margin ExpansionAdjusted EBITDA margin increased 90 basis points year over year to 19.9%, while operating profit margin expanded 100 basis points to 15.1%. Margin performance was above the midpoint of the company’s prior guidance and reflected productivity, pricing, and revenue mix.
- AMS and DRS Growth AcceleratedOrganic growth in ATM Managed Services and Digital Retail Solutions accelerated sequentially to more than 16%, marking the 15th consecutive quarter of at least mid-teens organic revenue growth. Growth advanced across all segments.
- AMS DRS Mix Reached a Record LevelAMS DRS represented 30% of trailing 12-month revenue after reaching a record 32% revenue mix in the third quarter. Management said the strategy continues to drive growth and profitability across the business.
- Strong AMS DRS Pipeline and BacklogAMS DRS pipelines and backlogs remained robust heading into year-end and preparation for 2027. North American DRS backlog was up 80% versus the prior year, with growth described as broad-based across mid-market retail customers as well as larger accounts.
- Continued Strategic Customer WinsBrink’s won a financial institution contract in Canada with the country’s top bank, supporting growth and improving density beginning in 2027. The company also signed a Luxembourg AMS deal to provide a turnkey solution covering cash logistics, real-time monitoring, transaction acquiring, and processing.
- Large North American Retail DeploymentA previously announced agreement with a large North American retail customer covers approximately 5.5 thousand locations, each containing an Allpoint ATM. Deployment is expected to begin early next year and is included in the company’s backlog.
- North America Reached 20% Adjusted EBITDA MarginNorth America reached a 20% adjusted EBITDA margin on a trailing 12-month basis in the third quarter. Management said margins have expanded by more than 500 basis points since 2022, supported by a shift toward higher-margin services and productivity enhancements.
- European Margin ExpansionThe European segment expanded adjusted EBITDA margins by over 400 basis points year over year. Management attributed the progress to AMS DRS penetration and aligning the cost structure with the business’s revenue volumes and model.
- Free Cash Flow and Deleveraging ProgressTrailing 12-month free cash flow was $413 million, with 40% conversion. Year-to-date free cash flow and adjusted EBITDA growth reduced leverage to 2.6x during the quarter, and the company remains on track for full-year free cash flow conversion of 40%-45%.
- Full-Year 2026 Framework ReaffirmedManagement reaffirmed its full-year framework of mid-single-digit total organic growth, mid-to-high-teens organic growth for AMS and DRS, adjusted EBITDA margin expansion of 30 to 50 basis points, and free cash flow conversion between 40%-45%.
- Fourth-Quarter Guidance Indicates Further GrowthFourth-quarter revenue is expected to be between $1.365 billion and $1.415 billion, reflecting 3%-4.5% organic growth. Adjusted EBITDA is expected to be between $275 million and $295 million, with approximately 40 basis points of margin expansion to 20.5% at the midpoint. EPS guidance is $2.45-$2.80.
- NCR Atleos Closing Timeline AcceleratedBrink’s now expects to close the NCR Atleos transaction in early January 2027, pulling the expected closing date forward again and allowing synergy-capture activities to begin almost a full quarter earlier than originally contemplated.
- Regulatory Clearance ProgressClosing conditions have been met for foreign direct investment and money transmitter licensing. Antitrust reviews have reached resolution in 12 major jurisdictions, while remaining reviews, including the UK and EU, are progressing as expected. The company expects remaining regulatory approvals and customary closing conditions to conclude within the next two months.
- Synergy Opportunity IncreasedBrink’s continues to target $200 million of run-rate synergies by the end of 2029 and has preliminarily identified additional opportunities in SG&A, service-network density and consolidation, back-office centers of excellence, procurement, fleet, information technology, and parts and supplies. Management expects to capture more value and capture it sooner than originally expected.
- Combined Offering Expected to Expand the Addressable MarketManagement believes the Brink’s and NCR Atleos combination could expand the company’s addressable opportunity to 2x to 3x the current $36 billion global addressable market by combining hardware, cash logistics, software, processing, field maintenance, and other capabilities.
- Capital Allocation and Future Cash GenerationFollowing the acquisition, the primary use of capital during 2027 is expected to be aggressive debt paydown, with a target of net leverage below 3x by year-end 2027. After returning to the targeted 2x-3x leverage range, Brink’s expects to resume its prior model of directing at least 50% of free cash flow toward shareholder returns. Management also cited line of sight to $1 billion of free cash flow.
DE:PTY Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 04, 2027 | 2026 (Q4) | 2.20- | 2.27 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | 1.982.20 | 1.86 | 18.27% (+0.34) | |
| Aug 05, 2026 | 2026 (Q2) | 1.831.91 | 1.6 | 18.99% (+0.30) | |
| May 06, 2026 | 2026 (Q1) | 1.431.61 | 1.45 | 11.11% (+0.16) | |
| Feb 26, 2026 | 2025 (Q4) | 2.212.27 | 1.9 | 19.81% (+0.38) | |
| Nov 05, 2025 | 2025 (Q3) | 1.871.86 | 1.35 | 37.75% (+0.51) | |
| Aug 06, 2025 | 2025 (Q2) | 1.301.60 | 1.5 | 7.19% (+0.11) | |
| May 12, 2025 | 2025 (Q1) | 1.051.45 | 1.36 | 6.58% (+0.09) | |
| Feb 26, 2025 | 2024 (Q4) | 1.691.90 | 2.47 | -23.19% (-0.57) | |
| Nov 06, 2024 | 2024 (Q3) | 1.601.35 | 1.72 | -21.35% (-0.37) |
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.
