The following is a summary of the The Brink's Company (BCO) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Brink's reported a total organic growth of 13% for Q3 2024.

• Adjusted EBITDA was $217 million, negatively impacted by security losses and FX headwinds, notably from the Mexican peso devaluation.

• Free cash flow stood at $135 million, influenced by lower EBITDA and the currency impacts.

• Their earnings per share dropped $0.40 year-over-year due to higher interest expenses.

• The company expects a full-year revenue of over $5 billion with an adjusted EBITDA of $910 million at the midpoint.

Business Progress:

• Continued growth in ATM Managed Services (AMS) and Digital Retail Solutions (DRS), with organic growth of 26% in these segments.

• Made key executive team additions to drive further operational efficiencies and growth.

• Advanced technological investments in North America for better routing processes, despite some initial integration issues.

• Acquisition of new key clients including a large U.S. nationwide auto parts dealer and a national pharmacy chain in Latin America.

Opportunities:

• Anticipated increase in organic growth for AMS and DRS beyond 20% for the year due to strong backlog and anticipated deals.

• Plans to expand in the high-margin areas of cash and valuables management by leveraging the brand's global footprint and market presence.

Risks:

• Experienced unexpected $10 million increase in security losses affecting profit margins.

• Faced significant FX headwind due to the strengthening U.S. dollar and devaluation of the Mexican peso, impacting revenue negatively.

• Global Services business faced market softness due to high stable gold and silver prices.

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