The Brink's Company (NYSE:BCO) Q3 2024 Earnings Call November 6, 2024 9:00 AM ET

Company Participants

Jesse Jenkins - Vice President, Investor Relations
Mark Eubanks - Chief Executive Officer
Kurt McMaken - Chief Financial Officer

Conference Call Participants

Jasper Bibb - Truist Securities
Tim Mulrooney - William Blair
George Tong - Goldman Sachs

Operator

Good morning. Welcome to The Brink’s Company’s Third Quarter 2024 Earnings Call. This morning Brink’s issued a press release detailing its third quarter 2024 results. The company also filed an 8-K that includes the release and the slides that will be used in today’s call. The release and slides are available in the Investor Relations section of the company’s website at investors.brinks.com. [Operator Instructions] As a reminder, this conference is being recorded and will be available for replay.

This call and the Q&A session will contain forward-looking statements. Actual results could differ materially from projected or estimated results. Information regarding factors that could cause such differences are available in the footnotes of today’s press release and in the company’s most recent SEC filings. Information presented and discussed on this call is representative of today only. Brink’s assumes no obligation to update any forward-looking statements. The call is copyrighted and may not be used without written permission from Brink’s.

I will now turn it over to your host, Jesse Jenkins, Vice President of Investor Relations. Mr. Jenkins, you may begin.

Jesse Jenkins

Thanks and good morning. Joining me today are CEO, Mark Eubanks; and CFO, Kurt McMaken. This morning Brink’s reported third quarter 2024 results on a GAAP, non-GAAP and constant currency basis. Most of our comments today will be focused on our non-GAAP results. These non-GAAP financial measures are intended to provide investors with a supplemental comparison of our operating results and trends for the periods presented.

Our management believes these measures are also useful to investors as such measures allow investors to evaluate our performance using the same metrics that our management uses to evaluate past performance and prospects for future performance. Reconciliations of non-GAAP results to their most comparable GAAP results are provided in the press release, the appendix of the presentation and in this morning’s 8-K filing, all of which can be found on our website.

I will now turn the call over to Brink’s CEO, Mark Eubanks.

Mark Eubanks

Thanks Jesse and good morning. Thanks for joining us. Starting on Slide 3, we delivered total organic growth of 13% in the quarter. ATM managed services and digital retail solutions, or AMS and DRS grew 26% organically, marking another quarter of growth ahead of our expectations with double-digit organic growth in AMS and DRS in every regional segment. With healthy backlogs and a good pipeline of future opportunities, we continue to build momentum in these important growth areas.