Latest news with #Brink's
Web Release
8 hours ago
- Business
- Web Release
Meedaf and Brink's Form Strategic Alliance to Revolutionize Cash and ATM Operations in the UAE
Meedaf, an ADGM-licensed entity launched in April 2025 to serve financial institutions across the GCC, proudly announces a strategic joint venture with Brink's a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. This collaboration is set to revolutionize the cash management and ATM managed services industry in the UAE, ushering in a new era of efficiency, security, and innovation. As the first strategic partnership on the Meedaf platform, the new venture will empower financial institutions by harnessing Brink's global technology, infrastructure, and operational expertise to establish elevated standards in cash management and ATM managed services throughout the UAE. This collaboration will deliver fully integrated solutions encompassing cash-in-transit, money processing, ATM managed services, and digital retail solutions, including deposit machines, cash recyclers, and kiosks. Through the integration of advanced technologies, it aims to enhance operational efficiency and reduce costs across the cash ecosystem. Brink's brings decades of global experience in managing complex, high-volume operations, coupled with proprietary systems that optimize route planning, crew deployment, and cash centre performance. These advanced capabilities are now seamlessly integrated into Meedaf's offerings, enabling financial institutions to reduce complexity, enhance consistency, and streamline their day-to-day operations. Meedaf's unparalleled regional experience will enable the joint venture to include cutting-edge technologies and advanced capabilities to ensure smarter, more secure operations and control across the entire cash ecosystem. Eng. Abdulla Abdul Aziz AlShamsi, Managing Director and CEO at Meedaf, commented: 'Our joint venture with Brink's underscores Meedaf's unwavering commitment to revolutionizing financial services through cutting-edge innovation and strategic alliances. By harnessing Brink's unparalleled global expertise in cash management, we are poised to deliver exceptional operational efficiency and security to financial institutions across our region. This collaboration represents a pivotal stride towards realizing our vision of a more agile and resilient financial ecosystem, setting new benchmarks for excellence and transforming the landscape of financial services in the UAE. Nader Antar, EVP and President, Brink's IMEA and APAC and Brink's Global Services, said: 'We are excited by the opportunity to collaborate with Meedaf to create a truly transformative service model. By providing a competitive value proposition, superior services and solutions that bridge physical and digital commerce, we will set a new standard in the UAE market for cash management, digital retail solutions and ATM management services.' Following its launch in the UAE, this strategic joint venture is set to transform the industry, driving operational transformation that combines innovative solutions with industry-leading standards across the region. It also marks a major step forward in Meedaf's expansion into key regional markets.
Zawya
10 hours ago
- Business
- Zawya
Meedaf and Brink's form strategic alliance to revolutionize cash and ATM operations in the UAE
Abu Dhabi, UAE – Meedaf, an ADGM-licensed entity launched in April 2025 to serve financial institutions across the GCC, proudly announces a strategic joint venture with Brink's a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. This collaboration is set to revolutionize the cash management and ATM managed services industry in the UAE, ushering in a new era of efficiency, security, and innovation. As the first strategic partnership on the Meedaf platform, the new venture will empower financial institutions by harnessing Brink's global technology, infrastructure, and operational expertise to establish elevated standards in cash management and ATM managed services throughout the UAE. This collaboration will deliver fully integrated solutions encompassing cash-in-transit, money processing, ATM managed services, and digital retail solutions, including deposit machines, cash recyclers, and kiosks. Through the integration of advanced technologies, it aims to enhance operational efficiency and reduce costs across the cash ecosystem. Brink's brings decades of global experience in managing complex, high-volume operations, coupled with proprietary systems that optimize route planning, crew deployment, and cash centre performance. These advanced capabilities are now seamlessly integrated into Meedaf's offerings, enabling financial institutions to reduce complexity, enhance consistency, and streamline their day-to-day operations. Meedaf's unparalleled regional experience will enable the joint venture to include cutting-edge technologies and advanced capabilities to ensure smarter, more secure operations and control across the entire cash ecosystem. Eng. Abdulla Abdul Aziz AlShamsi, Managing Director and CEO at Meedaf, commented: "Our joint venture with Brink's underscores Meedaf's unwavering commitment to revolutionizing financial services through cutting-edge innovation and strategic alliances. By harnessing Brink's unparalleled global expertise in cash management, we are poised to deliver exceptional operational efficiency and security to financial institutions across our region. This collaboration represents a pivotal stride towards realizing our vision of a more agile and resilient financial ecosystem, setting new benchmarks for excellence and transforming the landscape of financial services in the UAE. Nader Antar, EVP and President, Brink's IMEA and APAC and Brink's Global Services, said: 'We are excited by the opportunity to collaborate with Meedaf to create a truly transformative service model. By providing a competitive value proposition, superior services and solutions that bridge physical and digital commerce, we will set a new standard in the UAE market for cash management, digital retail solutions and ATM management services.' Following its launch in the UAE, this strategic joint venture is set to transform the industry, driving operational transformation that combines innovative solutions with industry-leading standards across the region. It also marks a major step forward in Meedaf's expansion into key regional markets. About Meedaf Based in Abu Dhabi Global Market (ADGM), Meedaf is a financial services platform with interests in a portfolio of companies that provide institutions across the GCC with advanced financial, automation, security and operational solutions. Our offerings allow clients across the financial ecosystem to reduce costs, improve efficiency and unlock greater value. Visit for more information.
Yahoo
13-05-2025
- Business
- Yahoo
Brink's (NYSE:BCO) Q1 Sales Beat Estimates, Provides Optimistic Revenue Guidance for Next Quarter
Cash management services provider Brink's (NYSE:BCO) announced better-than-expected revenue in Q1 CY2025, but sales were flat year on year at $1.25 billion. Guidance for next quarter's revenue was optimistic at $1.28 billion at the midpoint, 3% above analysts' estimates. Its non-GAAP profit of $1.62 per share was 38.1% above analysts' consensus estimates. Is now the time to buy Brink's? Find out in our full research report. Revenue: $1.25 billion vs analyst estimates of $1.21 billion (flat year on year, 2.8% beat) Adjusted EPS: $1.62 vs analyst estimates of $1.17 (38.1% beat) Adjusted EBITDA: $215 million vs analyst estimates of $198.8 million (17.2% margin, 8.1% beat) Revenue Guidance for Q2 CY2025 is $1.28 billion at the midpoint, above analyst estimates of $1.24 billion Adjusted EPS guidance for Q2 CY2025 is $1.45 at the midpoint, below analyst estimates of $1.62 EBITDA guidance for Q2 CY2025 is $215 million at the midpoint, below analyst estimates of $224.4 million Operating Margin: 9.5%, in line with the same quarter last year Free Cash Flow was -$119.1 million, down from $11.7 million in the same quarter last year Market Capitalization: $4.00 billion Mark Eubanks, president and CEO, said: 'We delivered strong performance in the first quarter with EBITDA and EPS exceeding the top end of our guidance range. Organic revenue growth of 6% included 20% growth in AMS and DRS. On a trailing-twelve month basis, these higher margin recurring revenue offerings now represent over 25% of revenue as we continue to penetrate large addressable markets and convert existing customers. Growth in our cash and valuables business was supported by a year-over-year acceleration in our global services business primarily due to increased movement of precious metals. Operating profit was up 40 basis-points reflecting productivity, especially in North America, and revenue mix benefits partially offset by year-over-year currency headwinds, primarily in the Latin America segment. We remain focused on executing against our capital allocation framework, accelerating share repurchases to over $110 million year to date." Known for its iconic armored trucks that have been a fixture in American cities since 1859, Brink's (NYSE:BCO) provides secure transportation and management of cash and valuables for banks, retailers, and other businesses worldwide. A company's long-term performance is an indicator of its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. With $5.02 billion in revenue over the past 12 months, Brink's is one of the larger companies in the business services industry and benefits from a well-known brand that influences purchasing decisions. As you can see below, Brink's grew its sales at a decent 6.6% compounded annual growth rate over the last five years. This shows its offerings generated slightly more demand than the average business services company, a useful starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within business services, a half-decade historical view may miss recent innovations or disruptive industry trends. Brink's recent performance shows its demand has slowed as its annualized revenue growth of 4% over the last two years was below its five-year trend. This quarter, Brink's $1.25 billion of revenue was flat year on year but beat Wall Street's estimates by 2.8%. Company management is currently guiding for a 1.7% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to remain flat over the next 12 months, a deceleration versus the last two years. This projection is underwhelming and implies its products and services will face some demand challenges. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Brink's was profitable over the last five years but held back by its large cost base. Its average operating margin of 8.6% was weak for a business services business. On the plus side, Brink's operating margin rose by 5.1 percentage points over the last five years, as its sales growth gave it immense operating leverage. This quarter, Brink's generated an operating profit margin of 9.5%, in line with the same quarter last year. This indicates the company's overall cost structure has been relatively stable. Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Brink's EPS grew at a spectacular 14.6% compounded annual growth rate over the last five years, higher than its 6.6% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. We can take a deeper look into Brink's earnings quality to better understand the drivers of its performance. As we mentioned earlier, Brink's operating margin was flat this quarter but expanded by 5.1 percentage points over the last five years. On top of that, its share count shrank by 16.8%. These are positive signs for shareholders because improving profitability and share buybacks turbocharge EPS growth relative to revenue growth. In Q1, Brink's reported EPS at $1.62, down from $1.65 in the same quarter last year. Despite falling year on year, this print easily cleared analysts' estimates. Over the next 12 months, Wall Street expects Brink's full-year EPS of $7.15 to grow 4.4%. We were impressed by how significantly Brink's blew past analysts' revenue, EPS, and EBITDA expectations this quarter. We were also glad its revenue guidance for next quarter trumped Wall Street's estimates. On the other hand, its quarterly EPS and EBITDA guidance missed. Overall, we think this was a decent quarter with some key metrics above expectations. Investors were likely hoping for more, and shares traded down 1.4% to $93 immediately after reporting. Big picture, is Brink's a buy here and now? The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Automotive
- Yahoo
Brink's (BCO) Q1 Earnings and Revenues Top Estimates
Brink's (BCO) came out with quarterly earnings of $1.62 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 36.13%. A quarter ago, it was expected that this armored car company would post earnings of $1.79 per share when it actually produced earnings of $2.12, delivering a surprise of 18.44%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Brink's , which belongs to the Zacks Outsourcing industry, posted revenues of $1.25 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.42%. This compares to year-ago revenues of $1.24 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Brink's shares have lost about 0.2% since the beginning of the year versus the S&P 500's decline of -3.8%. While Brink's has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Brink's: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.66 on $1.24 billion in revenues for the coming quarter and $7.14 on $5 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Outsourcing is currently in the top 11% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Hudson Global (HSON), has yet to report results for the quarter ended March 2025. The results are expected to be released on May 13. This staffing company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of +108.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Hudson Global's revenues are expected to be $32.35 million, down 4.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Brink's Company (The) (BCO) : Free Stock Analysis Report Hudson Global, Inc. (HSON) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
08-05-2025
- Business
- Business Insider
Brink's increases quarterly dividend 5% to 25.5c per share
Brink's (BCO) declared a regular quarterly dividend of 25.5c per share on the company's common stock, an increase of 5%. The dividend is payable on June 2 to shareholders of record on May 19. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
