Brink's Co. Files Q3 2024 10-Q Report
Ticker: BCO · Form: 10-Q · Filed: Nov 6, 2024 · CIK: 78890
Sentiment: neutral
Topics: 10-Q, financials, SEC filing
TL;DR
Brink's Q3 2024 10-Q is in. Check financials for revenue and net income trends.
AI Summary
The Brink's Co. filed its 10-Q for the period ending September 30, 2024, reporting on its financial performance. The filing covers the third quarter and the first nine months of the year, providing details on revenue, expenses, and net income. Specific financial figures for the quarter and year-to-date periods are detailed within the report.
Why It Matters
This filing provides investors and analysts with the latest financial performance data for The Brink's Co., crucial for understanding the company's operational health and future prospects.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal significant financial health indicators or potential risks.
Key Numbers
- 20240930 — Period End Date (The report covers financial data up to this date.)
- 20241106 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
- Q3 2024 — Reporting Quarter (Indicates the financial period covered is the third quarter of 2024.)
Key Players & Entities
- BRINKS CO (company) — Filer of the 10-Q report
- 0000078890 (company) — Central Index Key for The Brink's Co.
- 20240930 (date) — Conformed period of report
- 20241106 (date) — Filing date
- 1801 BAYBERRY COURT (address) — Business and mailing address
- RICHMOND, VA (location) — City and State of business address
FAQ
What is the reporting period for this 10-Q filing?
The conformed period of report is 20240930, indicating the filing covers the period ending September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on 20241106.
What is the company's Central Index Key (CIK)?
The CIK for The Brink's Co. is 0000078890.
What is the business address of The Brink's Co.?
The business address is 1801 BAYBERRY COURT, P O BOX 18100, RICHMOND, VA 23226-1800.
What was the former name of The Brink's Co.?
The former name of The Brink's Co. was PITTSTON CO, with a date of name change on 19920703.
Filing Stats: 4,723 words · 19 min read · ~16 pages · Grade level 7.4 · Accepted 2024-11-06 16:15:50
Key Financial Figures
- $1.00 — ich registered Common Stock, par value $1.00 per share BCO New York Stock Exchange
- $1 — November 1, 2024, 43,642,664 shares of $1 par value common stock were outstanding
Filing Documents
- bco-20240930.htm (10-Q) — 2649KB
- ex311q32024.htm (EX-31.1) — 9KB
- ex312q32024.htm (EX-31.2) — 9KB
- ex321q32024.htm (EX-32.1) — 5KB
- ex322q32024.htm (EX-32.2) — 6KB
- 0000078890-24-000348.txt ( ) — 11102KB
- bco-20240930.xsd (EX-101.SCH) — 40KB
- bco-20240930_cal.xml (EX-101.CAL) — 91KB
- bco-20240930_def.xml (EX-101.DEF) — 253KB
- bco-20240930_lab.xml (EX-101.LAB) — 713KB
- bco-20240930_pre.xml (EX-101.PRE) — 486KB
- bco-20240930_htm.xml (XML) — 2044KB
- Financial Information
Part I - Financial Information
Financial Statements
Item 1. Financial Statements THE BRINK'S COMPANY and subsidiaries Condensed Consolidated Balance Sheets (Unaudited) (In millions, except for per share amounts) September 30, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 1,226.3 1,176.6 Restricted cash 412.5 507.0 Accounts receivable (net of allowance: 2024 - $ 28.8 ; 2023 - $ 30.4 ) 849.4 779.0 Prepaid expenses and other 348.3 325.7 Total current assets 2,836.5 2,788.3 Right-of-use assets, net 355.3 337.7 Property and equipment (net of accumulated depreciation and amortization: 2024 - $ 1,690.6 ; 2023 - $ 1,620.1 ) 984.0 1,013.3 Goodwill 1,485.4 1,473.8 Other intangibles (net of accumulated amortization: 2024 - $ 318.7 ; 2023 - $ 278.7 ) 452.9 488.3 Deferred tax assets, net 241.1 231.8 Other 315.4 268.6 Total assets $ 6,670.6 6,601.8 LIABILITIES AND EQUITY Current liabilities: Short-term borrowings $ 140.8 151.7 Current maturities of long-term debt 134.1 117.1 Accounts payable 235.3 249.7 Accrued liabilities 1,100.8 1,126.9 Restricted cash held for customers 191.2 298.7 Total current liabilities 1,802.2 1,944.1 Long-term debt 3,576.4 3,262.5 Accrued pension costs 136.1 148.5 Retirement benefits other than pensions 162.3 159.6 Lease liabilities 279.4 265.8 Deferred tax liabilities 59.5 56.5 Other 246.6 244.6 Total liabilities 6,262.5 6,081.6 Commitments and contingent liabilities (notes 4, 8 and 14) Equity: The Brink's Company ("Brink's") shareholders: Common stock, par value $ 1 per share: Shares authorized: 100.0 Shares issued and outstanding: 2024 - 43.7 ; 2023 - 44.5 43.7 44.5 Capital in excess of par value 665.0 675.9 Retained earnings 322.1 333.0 Accumulated other comprehensive income (loss) ( 753.7 ) ( 656.0 ) Brink's shareholders 277.1 397.4 Noncontrolling interests 131.0 122.8 Total equity 408.1 520.2 Total liabilities and equity $ 6,670.6 6,601.8 See accompanying notes to condensed consolidated financial stateme