BCO - The Brink's reports Q4 earnings; initiate FY23 outlook

• The Brink's press release ( NYSE: BCO ): Q4 Non-GAAP EPS of $2.10 beats by $0.22 .
• Revenue of $1.19B (+9.2% Y/Y) in-line.
• Full-Year 2023 Non-GAAP Outlook : Revenue between $4,800M and $4,950M vs $4.92B consensus; organic growth between 7-11%; Non-GAAP operating profit between $615M and $665M; ~100 basis points margin expansion; Adjusted EBITDA between $855M and $905M; Non-GAAP EPS between $6.30 and $7.00 per share vs $6.54 consensus; Free Cash Flow between $325M and $375M; conversion approximately 40% of Adj. EBITDA.

For further details see: