The Brink's Company (NYSE:BCO) Q3 2022 Earnings Conference Call October 26, 2022 8:30 AM ET

Company Representatives

Mark Eubanks - Chief Executive Officer

Kurt McMaken - Chief Financial Officer

Ron Domanico - Former CFO, President of Brink's Capital & Sustainability

Ed Cunningham - Vice President of Investor Relations

Conference Call Participants

Jasper Bibb - Truist Securities

George Tong - Goldman Sachs

Operator

Welcome to the Brinks Company, Third Quarter 2022 Earning Conference Call. Brinks issued a press release on third quarter results this morning. The company also filed an 8-K that includes the release and the slides that will be used in today's call. For those of you listening by phone the release and the slides are available in the Investor Relations section of the company's website www.brinks.com. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.

Now, for the company's Safe Harbor statement. This call and the Q&A session will contain forward-looking statements. Actual results could differ materially from the projected or estimated results. Information regarding factors that could cause such differences is available in today's press release and in the company's most recent SEC filings.

Information presented and discussed in this call is representative as of today only. Brinks assumes no obligation to update any forward looking statements. This call is copyrighted and may not be used without written permission from Brinks.

It is now my pleasure to introduce your host Ed Cunningham, Vice President of Investor Relations. Mr. Cunningham you may begin.

Ed Cunningham

Thanks Andrea and good morning everyone. Joining me today are CEO, Mark Eubanks and CFO, Kurt McMaken. Also joining the call is Ron Domanico, former CFO and current President of Brink's Capital and Sustainability.

This morning we reported third quarter results on both the GAAP and non-GAAP basis. The non-GAAP results excluded a number of items including the impact of Argentina's highly inflationary accounting, reorganization and restructuring costs, items related to acquisitions and dispositions, cost related to frozen retirement plans. Charges related to an antitrust matter in Chile, valuation allowance on tax credits is in certain allowance estimates.

We're also providing our results on a constant currency basis which eliminates changes in foreign currency exchange rates from the prior year. We believe the non-GAAP results make it easier for investors to assess operating performance between periods. Accordingly, our comments today will focus primarily on the non-GAAP results. Reconciliations are provided in the press release in the appendix of the slides we're using today and in this morning's 8-K filing, all of which can be found on our website.