On August 9 2023, BRINK’S COMPANY ($NYSE:BCO) reported its Q2 earnings for FY2023. Total revenue for the quarter ending June 30 2023 amounted to USD nan million, a decrease from the previous year’s 1133.9 million. Net income also fell, coming in at USD 0.0 million for the quarter, compared to 35.1 million in the corresponding period of the prior year.
BRINK’S COMPANY, a global leader in secure transportation and cash management services, released its Q2 FY2023 earnings report on Wednesday. The report showed total revenue of an undisclosed amount, although it did reveal a 5.3% drop in the stock price since the prior closing price of 73.1. The stock opened at $68.7 and closed at $69.2, signaling to investors that the company’s performance is lagging expectations. The company’s earnings report was a major disappointment to investors as the company was expected to show improved performance in this quarter. Shares of BRINK’S COMPANY fell across all major markets and the company’s overall market value declined significantly.
The company’s management is now faced with a difficult choice as it looks to turn around its performance and restore investor confidence. Going forward, BRINK’S COMPANY will need to focus on improving its financial performance and finding new ways to drive revenue growth, or otherwise risk further losses and declines in share price. It remains to be seen how the company will address the challenges it currently faces, but investors will be closely watching to see how the company responds. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Brink’s Company. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brink’s Company. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brink’s Company. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Brink’s Company are shown below. More…
Income Statement Ratios
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GoodWhale has conducted an analysis of BRINK’S COMPANY‘s wellbeing and has found that the company is in good financial health with a high health score of 8/10 according to the Star Chart. The company is capable of riding out any crisis without the risk of bankruptcy due to its strong cashflows and debt. BRINK’S COMPANY is strong in its dividend, medium in growth, profitability and weak in asset. We have classified BRINK’S COMPANY as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. We believe that investors looking for a stable and reliable investment opportunity with a consistent dividend would be interested in BRINK’S COMPANY. More…
Risk Rating Analysis
Star Chart Analysis
The Brink’s Company and its competitors, Global Payments Inc, Prosegur Compania De Seguridad SA, and GATX Corp, are all vying for a share of the global market for security and cash management solutions. The Brink’s Company has a strong history and reputation in the industry, and is the largest provider of security solutions in the world.
However, its competitors are large and well-established companies in their own right, with a strong foothold in different regions of the world. The competition between these companies is fierce, and each is constantly innovating and expanding its offerings in order to gain an edge over the others.
– Global Payments Inc ($NYSE:GPN)
Global Payments Inc. is a provider of payment technology services. The Company operates through three segments: Merchant Services, Issuer Solutions and Institutional Services. The Company’s Merchant Services segment provides payment solutions to merchants and integrated software and hardware products that enable merchants to accept various payment types. The Company’s Issuer Solutions segment provides card issuing services and fraud management solutions. The Company’s Institutional Services segment provides transaction processing, data analytics and other services to central banks, financial institutions and other customers.
– Prosegur Compania De Seguridad SA ($LTS:0Q8P)
Prosegur Compania De Seguridad SA is a security company that provides a range of security services, including armored car transportation, cash management, and security systems. The company has a market cap of $949.56 million and a return on equity of 14.6%. Prosegur Compania De Seguridad SA operates in Spain, Portugal, Argentina, Chile, Brazil, Colombia, Mexico, the United States, and other countries.
GATX Corporation is an American global railway leasing company headquartered in Chicago, Illinois. as of 2022, its market cap is 3.82B with a ROE of 12.42%. The company owns a large portfolio of locomotives, freight cars, and other rolling stock in North America and Europe. It also operates a number of railroads and railway terminals.
Investors in BRINK’S COMPANY should take note of the company’s FY2023 Q2 earnings results, released on August 9th 2023. Total revenue for the quarter came in at USD nan million, a significant drop from the 1133.9 million reported in the same quarter last year. Net income for the quarter was also down significantly to USD 0.0 million, compared to the 35.1 million reported in the same quarter last year. These results indicate a weak financial performance for BRINK’S COMPANY and suggest investors should proceed with caution when considering investing in the company.