Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Aug 5, 2026
AI Summary
Q2 2026

Revenue: Brink's reported a strong second quarter, with revenue up 7% and organic growth of 4%, helped by favorable foreign exchange and continued momentum in higher-margin AMS and DRS businesses.

Margins: EBITDA margin reached a record second-quarter 18.5%, up 70 basis points year over year, and management said the company is ahead of its original full-year expectations.

Outlook: Full-year guidance for 2026 was reaffirmed for mid-single-digit organic growth, but profit expectations were raised after second-quarter EBITDA came in above the midpoint of prior guidance.

AMS/DRS: AMS and DRS grew 14% organically, marking the 14th straight quarter of mid-teens or better growth, and management expects second-half growth to accelerate on the back of new wins and a solid pipeline.

Deal progress: Brink's said the NCR Atleos acquisition is moving ahead, with shareholder approval above 99% and several regulatory clearances already in hand; closing is now expected in early Q1.

Cash flow: Free cash flow remained strong, with trailing 12-month free cash flow of $468 million and conversion of 46%; the company still targets 40% to 45% for the full year.

Key Financials
Revenue
$1.37 billion to $1.42 billion
Organic growth
4%
AMS/DRS organic growth
14%
Adjusted EBITDA
$257 million
EBITDA margin
18.5%
Operating profit
$190 million
Operating margin
13.6%
EPS
$2.13
Free cash flow
$468 million
Net leverage
2.7x net debt to adjusted EBITDA
Interest expense
$63 million
Tax expense
$34 million
Diluted EPS shares
41.5 million
Depreciation and amortization
$64 million
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