Brink’s Announces Additional $500 Million Share Repurchase Authorization
02 Novembro 2023 - 6:25PM
The Brink’s Company (NYSE:BCO) a leading global provider of cash
and valuables management, digital retail solutions, and ATM managed
services, today announced the authorization of a new share
repurchase program.
On November 2, 2023, the Brink’s Board of Directors approved a
new $500 million share repurchase authorization expiring on
December 31, 2025.
Mark Eubanks, president and CEO, said: “Given our strong recent
performance and outlook for the future, the Brink’s Board of
Directors has authorized a $500 million share repurchase program,
double the size of our last two programs. The size of the program
aligns with the expected increase in our free cash flow generation
as we accelerate progress on our strategic objectives. The
authorization allows us to continue to return capital to
shareholders as a meaningful part of our capital allocation
framework designed to maximize shareholder value creation.”
The new program is in addition to the existing share repurchase
program expiring December 31, 2023, that had $180 million in
capacity as of June 30, 2023.
About The Brink’s Company
The Brink’s Company (NYSE:BCO), a leading global provider of
cash and valuables management, digital retail solutions, and ATM
managed services. Our customers include financial institutions,
retailers, government agencies, mints, jewelers and other
commercial operations. Our global network of operations in 52
countries serves customers in more than 100 countries. For more
information, please visit our website at www.brinks.com or call
804-289-9709.
Forward-Looking Statements
This release contains forward-looking information. Words such as
"anticipate," "assume," "estimate," "expect," “target” "project,”
"predict," "intend," "plan," "believe," "potential," "may,"
"should" and similar expressions may identify forward-looking
information. Forward-looking information in this release includes,
but is not limited to, information regarding expected free cash
flow generation and strategic priorities and initiatives.
Forward-looking information in this document is subject to known
and unknown risks, uncertainties and contingencies, which are
difficult to predict or quantify, and which could cause actual
results, performance or achievements to differ materially from
those that are anticipated. These risks, uncertainties and
contingencies, many of which are beyond our control, include, but
are not limited to: our ability to improve profitability and
execute further cost and operational improvement and efficiencies
in our core businesses; our ability to improve service levels and
quality in our core businesses; market volatility and commodity
price fluctuations; general economic issues, including supply chain
disruptions, fuel price increases, changes in interest rates, and
interest rate increases; seasonality, pricing and other competitive
industry factors; investment in information technology (“IT”) and
its impact on revenue and profit growth; our ability to maintain an
effective IT infrastructure and safeguard confidential information,
including from a cybersecurity incident; our ability to effectively
develop and implement solutions for our customers; risks associated
with operating in foreign countries, including changing political,
labor and economic conditions (including political conflict or
unrest), regulatory issues (including the imposition of
international sanctions, including by the U.S. government),
military conflicts (including but not limited to the conflict in
Israel and surrounding areas, as well as the possible expansion of
such conflicts and potential geopolitical consequences), currency
restrictions and devaluations, restrictions on and cost of
repatriating earnings and capital, impact on the Company’s
financial results as a result of jurisdictions determined to be
highly inflationary, and restrictive government actions, including
nationalization; labor issues, including labor shortages
negotiations with organized labor and work stoppages; pandemics
(including the ongoing Covid-19 pandemic and related impact to and
restrictions on the actions of businesses and consumers, including
suppliers and customers), acts of terrorism, strikes or other
extraordinary events that negatively affect global or regional cash
commerce; the strength of the U.S. dollar relative to foreign
currencies and foreign currency exchange rates; our ability to
identify, evaluate and complete acquisitions and other strategic
transactions and to successfully integrate acquired companies;
costs related to dispositions and product or market exits; our
ability to obtain appropriate insurance coverage, positions taken
by insurers relative to claims and the financial condition of
insurers; safety and security performance and loss experience;
employee and environmental liabilities in connection with former
coal operations, including black lung claims; the impact of the
American Rescue Plan Act and Patient Protection and Affordable Care
Act on legacy liabilities and ongoing operations; funding
requirements, accounting treatment, and investment performance of
our pension plans, the VEBA and other employee benefits; changes to
estimated liabilities and assets in actuarial assumptions; the
nature of hedging relationships and counterparty risk; access to
the capital and credit markets; our ability to realize deferred tax
assets; the outcome of pending and future claims, litigation, and
administrative proceedings; public perception of our business,
reputation and brand; changes in estimates and assumptions
underlying critical accounting policies; the promulgation and
adoption of new accounting standards, new government regulations
and interpretation of existing standards and regulations.
This list of risks, uncertainties and contingencies is not
intended to be exhaustive. Additional factors that could cause our
results to differ materially from those described in the
forward-looking statements can be found under "Risk Factors" in
Item 1A of our Annual Report on Form 10-K for the period ended
December 31, 2022, and in related disclosures in our other public
filings with the Securities and Exchange Commission. The
forward-looking information included in this document is
representative only as of the date of this document and The Brink's
Company undertakes no obligation to update any information
contained in this document.
Contact:Investor Relations804.289.9709 |
BRINK’S CORPORATEThe Brink’s Company1801 Bayberry
Court Richmond, VA 23226-8100 USA |
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