Brink's Company Q2 Profit Decreases - Quick Facts

(RTTNews) - The Brink's Company (BCO) reported second-quarter net income attributable to company of $8.7 million or $0.18 per share, compared to $30.5 million, or $0.63 per share, last year. Profit per share from continuing operations decreased to $0.27, from $0.71, last year.

Non-GAAP profit per share decreased to $0.44, from $0.48, prior year. Analysts polled by Thomson Reuters expected the company to report profit of $0.41 per share for the quarter. Analysts' estimates typically exclude special items. Revenues increased to $990.5 million, from $935.6 million last year. Analysts expected revenue of $975.65 million for the quarter.

Tom Schievelbein, chairman, president and chief executive officer, of The Brink's Company said: "Second-quarter results were in line with our full-year expectations as profit growth from international operations, driven primarily by Latin America, was offset by ongoing weakness in North America. We expect continued improvement in international operations to enable us to achieve a full-year non-GAAP segment margin rate between 6% and 6.5% on organic revenue growth of 5% to 8%."