A robbery and flood widen the gap in Brink's earnings
Brink's recognized robbery and flood losses totaling $26.6 million. The exclusions help explain why adjusted earnings grew while reported profit declined.
Ticker Byline
The Brink's Company
Brink's provides cash transportation, secure logistics and cash-management services. Its operations handle currency, precious metals and other valuables for financial institutions, retailers and other customers.
- Ticker
- BCO
- Exchange
- XNYS
- SEC CIK
- 0000078890
Growing adjusted profit, lower reported earnings
Third-quarter robbery and flood losses affected reported profit alongside acquisition and transformation costs. Adjusted operating income improved, while year-to-date operating cash flow declined.
| Measure | 2026 | 2025 |
|---|---|---|
| Revenue | $1,374.6 | $1,335.0 |
| Reported net income | $14.6 | $36.2 |
| Adjusted net income | $102.2 | $87.8 |
Reported operating income was $131.0 million, compared with adjusted operating income of $208.2 million. Adjusted results remove robbery and flood losses, acquisition and transformation costs, and other specified items.
Operating cash flow for the first nine months was $154.8 million, down from $265.9 million a year earlier.
Cash, debt and the next quarter
At September 30, corporate cash was $1.423 billion, excluding cash held for customer obligations. Short-term borrowings were $251.7 million. Long-term debt included $105.3 million due within a year and $3.798 billion due later.
For the fourth quarter, Brink’s expects revenue of $1.365 billion to $1.415 billion and adjusted earnings of $2.45 to $2.80 a share.
The NCR Atleos acquisition remains pending. Management now expects it to close in early January 2027. Transaction costs and integration planning already affect the earnings picture before closing.
Read our analysis of the incident charges and the earnings gap.
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