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The Brink’s Company (NYSE: BCO) is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Operating in 52 countries and serving customers in over 100 countries, Brink’s caters to financial institutions, retailers, government agencies, and other commercial entities. The company specializes in secure transportation, handling, and storage of cash and valuables, as well as offering innovative digital tools and comprehensive ATM services to enhance operational efficiency.
- North America - Provides cash and valuables management, digital retail solutions, and ATM managed services across the U.S. and Canada, including operations under Brink’s Global Services (BGS).
- Latin America - Delivers secure transportation, cash logistics, and BGS services in Latin American countries where Brink’s has an ownership interest.
- Europe - Offers cash and valuables management services primarily outside of the BGS line of business across European countries.
- Rest of World - Operates in the Middle East, Africa, and Asia, focusing on BGS services and cash management in regions where Brink’s does not have an ownership interest.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Daniel J. Castillo Executive | Executive Vice President and President, North America | None | Joined Brink's in June 2022. Previously held leadership roles at JELD-WEN, Cree Lighting, and Cooper Industries. | |
Dominik Bossart Executive | Executive Vice President and President, Latin America and Brink's Global Services | None | Joined Brink's in 2014. Held various leadership roles, including EVP for MEA, Asia, and Brink's Global Services. | |
Elizabeth A. Galloway Executive | Executive Vice President and Chief Human Resources Officer | None | Joined Brink's in May 2023. Previously held HR leadership roles at Invitation Homes, At Home Group, and PepsiCo. | |
James K. Parks Executive | Executive Vice President and President, Europe, Middle East, Africa, and Asia | None | Joined Brink's in 2015. Held various leadership roles, including President of Europe and SVP of Strategy Deployment & Execution. | |
Kurt B. McMaken Executive | Executive Vice President and Chief Financial Officer | None | Joined Brink's in August 2022. Previously held senior financial roles at Eaton Corporation and PricewaterhouseCoopers. | |
Lindsay K. Blackwood Executive | Executive Vice President, General Counsel, and Corporate Secretary | None | Joined Brink's in 2012 as Assistant General Counsel. Became EVP, General Counsel, and Corporate Secretary in November 2021. | |
Mark Eubanks Executive | President and Chief Executive Officer | None | Joined Brink's in September 2021 as COO; became CEO in May 2022. Previously held leadership roles at Otis Worldwide and Eaton Corporation. | View Report → |
A. Louis Parker Board | Director | Co-Founder of Visible Men Academy; Board Member at A Better Chance | Joined Brink's Board in 2021. Former GE Capital executive and co-founder of Visible Men Academy. | |
Ian D. Clough Board | Director | EVP, Global Pricing at DHL Express | Joined Brink's Board 8 years ago as of 2024. Currently EVP at DHL Express. | |
Kathie J. Andrade Board | Director | Board Member at Grange Insurance and Lincoln Investments; Advisory Board Member at Roger Williams University | Joined Brink's Board in 2019. Former CEO of TIAA Retail Financial Services and held senior roles at Bank of America. | |
Keith R. Wyche Board | Director | Corporate Officer at Walmart; Board Member at Skills for Chicagoland's Future | Joined Brink's Board in December 2022. Extensive experience in talent management, diversity, and operations. | |
Michael J. Herling Board | Chairman of the Board | Founding Partner at Finn Dixon & Herling LLP; Chair of the Board of Trustees at Colgate University | Joined Brink's Board in 2009. Served as Chairman from 2016 to 2022, Lead Independent Director from May 2022 to May 2023, and returned as Chairman in May 2023. | |
Paul G. Boynton Board | Director | Trustee at Jacksonville University | Joined Brink's Board in 2010. Former CEO of Rayonier Advanced Materials and Rayonier Inc.. | |
Timothy J. Tynan Board | Director | CEO of Chargeback Gurus; Board Member at Engage Fi; Senior Advisor to Falfurrias Capital Partners | Joined Brink's Board in 2021. Former CEO of Banc of America Merchant Services and held senior roles at Citigroup. |
- With free cash flow conversion expected to be in the high 30% range this year, do you still believe reaching your near 50% long-term free cash flow conversion target is achievable by 2025, or will this goal require more time?
- Can you provide more details on the $10 million security loss due to theft in the third quarter, and what measures are you implementing to prevent such incidents in the future?
- Given the significant FX headwinds, including recent currency fluctuations like the devaluation of the Mexican peso, how are you adjusting your revenue and earnings guidance to account for potential incremental impacts in Q4 and beyond?
- The Global Services business has softened due to high precious metal prices and low volatility, impacting demand. Beyond waiting for market conditions to improve, how does new leadership plan to enhance performance, and when can we expect to see results?
- You've faced delays in realizing productivity benefits from the new routing system due to integration issues. Can you elaborate on these challenges and provide an updated timeline for achieving the anticipated cost savings and efficiency improvements?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Loomis AB | The company is a large multinational competitor based in Sweden. |
Prosegur, Compania de Seguridad, S.A. | The company is a large multinational competitor based in Spain. |
Garda World Security Corporation | The company is a large multinational competitor based in Canada. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
North America Business Operation | 2024 | Planned acquisition in the first six months of 2024 as part of two business operations deals, with an aggregate purchase consideration of ~$20 million and related capital expenditures of $41.2 million in North America. |
Europe Business Operation | 2024 | Planned acquisition in the first nine months of 2024, included in a deal with an aggregate purchase consideration of ~$21 million for both European and North American operations, though specific details about the business are not provided. |
NoteMachine | 2023 | The NoteMachine acquisition was completed in October 2022 with a cost of approximately $194 million; it includes detailed fair value allocations (e.g., goodwill of ~$62–64 million and intangible assets of ~$84.2 million), contingent consideration components, revenue contributions totaling $106.2 million in the first nine months of 2023, and the integration of 599 employees. |
Touchpoint 21 LLC | 2022 | The Touchpoint 21 LLC acquisition was completed in January 2022 by Brink's subsidiary PAI for approximately $15 million; the deal, treated as a business combination, brought in an ATM and cash management solutions provider operating in Texas and Oklahoma with assets and liabilities recorded at fair value. |
Recent developments and announcements about BCO.
Earnings
New Earnings (Q4 2024)
·Mar 6, 2025, 11:46 PMView full earnings summary →Brink's Q4: 310bps labor cost improvement powers margin expansion in N. America toward near-term 20% EBITDA. Global services rebound accelerates on precious metals volatility, driving higher conversion and fueling growth momentum into 2025.