Brink's (BCO) Tops Q2 EPS by 12c; Lowers Outlook
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Brink's Reports Improved Second-Quarter Results
July 28, 2016 8:31 AM EDTGAAP EPS $.01 vs $(.26); Non-GAAP EPS $.38 vs $.30Profits Improve Despite Currency HeadwindsManagement Changes Announced
RICHMOND, Va., July 28, 2016 (GLOBE NEWSWIRE) -- The Brinks Company (NYSE: BCO), a global leader in security-related services, today reported second-quarter earnings.
Second-Quarter Highlights GAAP:
9% organic revenue growthOperating profit $22 million vs loss of $15 million; operating margin 3.0% up 490 bps from (1.9)% in 2015 (4.4% in 2016, excluding currency)Net income $.3 million, up from ($12.9) million in 2015EPS $.01 vs ($.26)Currency translation reduced revenue by $81 million, operating profit by $14... More