logo
  

Brink's Boosts FY21 Adj. EPS, Revenue Outlook - Quick Facts

While reporting financial results for the first quarter of fiscal 2021 on Wednesday, The Brink's Co. (BCO) raised its adjusted earnings and revenue guidance for the full-year 2021.

For fiscal 2021, the company now projects earnings from continuing operations in a range of $2.55 to $2.65 per share and adjusted earnings from continuing operations in a range of $4.35 to $5.55 per share on revenues between $4.25 billion and $4.65 billion.

Previously, the company expected earnings from continuing operations in a range of $2.80 to $3.90 per share and adjusted earnings from continuing operations in a range of $4.15 to $5.35 per share on revenues between $4.10 billion and $4.50 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $4.80 per share on revenues of $4.27 billion for the year. Analysts' estimates typically exclude special items.

"We expect organic and inorganic revenue and profit growth to accelerate as we move through 2021, especially in the second half," said Doug Pertz, president and chief executive officer.

The company said the confidence in the guidance is based on continued economic recovery from pandemic lows, the realization of full-year benefits from the G4S acquisitions, the sustainability and increased impact of its cost reductions, and normal seasonality.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Asweets Global Inc. is recalling about 2,000 units of Wonder & Wise Activity Tables for potential risk of choking hazard to young children, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the screws of the tables can become loose and/or detach from the xylophone component of the activity tables to pose a choking hazard to young children. Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday a net loss for the fourth quarter that sharply widened from last year, despite 9 percent growth in revenues, hurt by a decreases in the market prices of our equity investments in publicly-traded companies. Omni-channel fashion retailer Macy's, Inc. (M) reported Thursday a first-quarter net income of $286 million or $0.98 per share, sharply higher than $103 million or $0.32 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter was $315 million or $1.08 per share, compared...
Follow RTT