The Brink's Company (BCO) investor relations material

Executive summary

• Q3 revenue rose 3% to $1,374.6M, with 4% organic growth; adjusted EBITDA increased 8% to $273.6M and adjusted margin expanded 90 bps to 19.9%.

• AMS/DRS organic growth exceeded 16%, marking its 15th consecutive quarter of at least mid-teens growth; FY26 growth is expected in the mid-to-high teens.

• GAAP operating profit fell 14% to $131.0M, while adjusted operating profit rose 11% to $208.2M; GAAP diluted EPS was $0.35 versus adjusted EPS of $2.46.

• NCR Atleos is expected to close in early January 2027; integration planning and synergy work advanced, with $200M of run-rate synergies targeted by year-end 2029.

Financial highlights

• Q3 revenue was $1,374.6M, up 3% reported and 2% at constant currency; organic growth was 4%, acquisitions/dispositions reduced growth 2%, and FX added 1%.

• Adjusted EBITDA was $273.6M, up 8%, with a 19.9% margin versus 19.0% in Q3 2025; adjusted operating profit rose 11% to $208.2M.

• GAAP operating profit fell 14% to $131.0M; GAAP net income attributable to shareholders was $14.5M versus $36.3M, and GAAP diluted EPS was $0.35 versus $0.86.

• Adjusted diluted EPS increased 18% to $2.46; nine-month revenue was $4,142.0M and adjusted EBITDA was $768.3M, up 7% and 10%, respectively.

• Q3 included $26.6M in incident-related losses from a precious-metals robbery and warehouse flooding; nine-month acquisition and transformation costs were $121.0M.

Outlook and guidance

• FY26 framework unchanged: organic revenue growth in the mid-single digits; AMS/DRS organic growth in the mid-to-high teens; adjusted EBITDA margin expansion of 30–50 bps; FCF conversion of 40%–45%.

• Q4 revenue guidance is $1,365M–$1,415M, with organic growth of 3.0%–4.5% and total growth of -1% to -3%, reflecting FX and Malaysia deconsolidation.

• Q4 adjusted EBITDA guidance is $275M–$295M at ~20.5% margin; non-GAAP EPS guidance is $2.45–$2.80.

• Q4 outlook assumes sequential AMS/DRS organic growth acceleration; EBITDA drivers include revenue mix and productivity, with guidance based on current economic trends.

• NCR Atleos closing is expected in early January 2027, subject to regulatory approvals and customary conditions; estimated GAAP purchase consideration is $4B.