Brink's (BCO) Guides FY21 Revenue Below Consensus
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Brink’s Provides Business Update, Revises 2021 Guidance
September 23, 2021 9:22 AM EDTRICHMOND, Va., Sept. 23, 2021 (GLOBE NEWSWIRE) -- The Brinks Company (NYSE: BCO) announced today that it has revised its 2021 non-GAAP guidance to reflect the spread of the Covid-19 Delta variant and its expected impact on full-year revenue.  Management now expects full-year revenue of $4.1 billion to $4.2 billion with a non-GAAP operating profit margin of approximately 11.2%. The midpoint of the companys prior revenue guidance was $4.3 billion. Â
Management cited the persistence of the global pandemic as the primary driver behind lower-than-expected revenue in several key markets in Europe, North America and Latin America.... More
