Strong Organic Revenue Growth
Brink's delivered strong organic revenue growth in all segments with a total company organic growth of 5%, including 16% growth in ATM Managed Services and Digital Retail Solutions (AMS/DRS), and 5% growth in North America.
Record Q2 EBITDA and Operating Margins
Second quarter EBITDA margins were 17.8% and record second quarter operating margins were 12.6%, up 20 basis points year-over-year.
Improved Cash Generation
Brink's delivered $102 million of free cash flow in Q2, a year-to-date increase of $36 million, with trailing 12-month free cash flow increased by $140 million.
Share Repurchase Program
The ongoing share repurchase program reduced the total diluted share count by 6%, utilizing $130 million year-to-date to repurchase approximately 1.5 million shares.
Increased Full Year Expectations
The company increased their expectations for revenue and EBITDA for the full year due to strong first half performance.