Brink's Expects Q4 Operating Profit To Exceed High End Of Guidance

Brink's Co. (BCO) said it expects fourth-quarter 2020 operating profit to exceed the high end of the company's prior guidance range.

Previously, the company had expected quarterly operating profit to be in the range of $64 million to $79 million; non-GAAP operating profit of $104 million to $119 million.

The company expects fourth-quarter 2020 revenue of about $1.02 billion. Analysts polled by Thomson Reuters expect the company to report revenues of $981.99 million for the fourth-quarter. Analysts' estimates typically exclude special items.

The company expects continued margin expansion in 2021 and looks forward to providing its initial outlook for next year when it release final 2020 results on February 23. It will include a change in segment reporting related primarily to the incorporation of our G4S cash operations.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Teva Pharmaceuticals USA, Inc. has recalled one lot of platelet-reducing drug Anagrelide in the form of capsules due to dissolution test failure detected during routine stability testing, the U.S. Food and Drug Administration, or FDA, said in a statement. The U.S. Food and Drug Administration said it has taken steps to make available millions of cans of additional infant and specialty formula to U.S. consumers in the coming months. Under the agency's recent increased flexibilities, British nutrition products maker Kendal Nutricare will send about 2 million cans of infant formula under the Kendamil brand initially to U.S. beginning in June. Video streaming giant Netflix Inc. announced the availability of a variety of mobile games. Players can download the games directly from the Netflix mobile app. The new games include Dragon Up (East Side Games), Moonlighter (11 Bit Studios), Townsmen - A Kingdom Rebuilt (HandyGames), and Exploding Kittens - The Game (Exploding Kittens Digital).
Follow RTT