Brink's Co. (BCO) reported fourth quarter GAAP net income of $123 million or $2.50 per share, compared to $37 million or $0.78 per share last year.
Earnings from continuing operations for the quarter was $124 million or $2.53 per share, compared to $39 million or $0.83 per share in the year ago quarter.
Adjusted net income was $18 million or $0.37 per share, compared to $29 million or $0.63 per share in the same quarter last year.
Adjusted earnings from continuing operations for the quarter was $20 million or $0.41 per share, compared to $31 million or $0.67 per share in the year ago quarter
On average, five analysts polled by Thomson Reuters expected the company to earn $0.49 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the quarter was $849 million, up from $760 million in the comparable quarter last year. Adjusted revenue for the quarter rose to $788 million from $706 million a year earlier. Analysts expected the company to report revenue of $760.80 million for the quarter.
Looking ahead, Brink's expects to grow organic revenue in the low-to-mid single-digit percentage range over 2009 adjusted revenue of $2.9 billion. The company anticipates 2010 segment operating margin to be between 7% and 7.5%.
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