The Brink’s Company (NYSE: BCO), a global leader in cash and valuables management, digital retail solutions, and ATM managed services, reported its first-quarter earnings for 2025 today. The company delivered organic revenue growth of 6%, marking the highest end of its previously stated guidance, with particular strengths observed in its ATM Managed Services (AMS) and Digital Retail Solutions (DRS) sectors, which grew over 20% for the fourth consecutive quarter.

The company achieved total revenue of $1.247 billion, an increase of 1% year-over-year, primarily driven by robust performance in its Global Services business. Operating profit rose to $119 million, reflecting a decrease of 1% on a GAAP basis but a 4% increase adjusted for non-GAAP measures. The operating profit margin improved by 40 basis points to 12.1%. Adjusted EBITDA for the quarter reached $215 million, with an EBITDA margin of 17.2%.

Brink’s reported earnings per share (EPS) of $1.62, down 2% year-over-year but up 13% when adjusted for constant currency effects. The company’s average share count decreased by 4%, while the effective tax rate increased to 27.8% from 23.2% in the prior year, primarily due to inflation adjustments in Argentina. The company paid $28 million in taxes for the quarter, reflecting these adjustments.

On a trailing twelve-month basis, Brink’s recorded free cash flow of $360 million, which represents a 40% conversion rate from EBITDA. This was highlighted by ongoing improvements in accounts receivable collections and customer payment terms.

For the full year 2025, Brink’s affirmed its previously set guidance, anticipating mid-single-digit organic growth, with expectations of adjusted EBITDA margin expansion between 30-50 basis points and free cash flow conversion of 40-45%.

Looking ahead, the guidance for the second quarter includes projected total revenue between $1.25 billion and $1.3 billion, with organic growth forecasted to be in the range of 3-6%. Additionally, adjusted EBITDA is expected to fall between $205 million and $225 million, with EPS projected to be between $1.25 and $1.65. This guidance accounts for a favorable currency environment compared to its previous forecasts, despite anticipated currency headwinds from recent devaluations, particularly in the Latin American market.

Overall, Brink’s remains well-positioned in a dynamic global marketplace, with continued emphasis on expanding its service offerings in AMS and DRS, focusing on productivity initiatives, and a solid capital allocation strategy, including share repurchases and dividends.