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February 1, 2013
06:07 EDTBCOBrink's says will be 'very difficult' to match 2012 earnings
Brink's says "In 2013, it will be very difficult to match 2012 earnings due to an increase in productivity investments and our assumption of currency devaluation in Venezuela. We expect our first-quarter year-over-year comparison to be particularly challenging given the strong Latin America performance last year. In light of these factors, we expect our 2013 segment margin rate to be between 6% and 6.5% on organic revenue growth of 5% to 8%. Our long-term margin goal of 10% is still in place, although it's clear that achieving it will take longer than originally planned."
News For BCO From The Last 14 Days
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October 6, 2015
15:17 EDTBCOStarboards's Smith says always prepared for proxy fight, Bloomberg says
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07:38 EDTBCOBrink's narrows FY16 EPS view to $2.00-$2.20 from $2.00-$2.40, consensus $1.98
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07:36 EDTBCOBrink's lowers FY15 EPS view to $1.40-$1.50 from $1.55-$1.75, consensus $1.54
Backs FY15 revenue guidance of approximately $3B, consensus $3.01B. The company cited its expectation of lower operating results in the U.S., weak economic conditions in Brazil, and the ongoing effect of negative currency translation as primary factors in its decision to reduce 2015 guidance.
October 5, 2015
08:21 EDTBCOStarboard increases ownership stake in Brink's to 12.4%
Starboard announced that has increased its stake in Brink's to approximately 12.4% and delivered a letter to the CEO, CFO and board of Brink's. In the letter, Starboard commented, "Management must be able to outline a credible turnaround plan with detailed financial metrics that will bring Brink's performance in-line with its best-in-class peers in a reasonable time frame. However, success requires not only sound strategy, but also solid execution. As such, rather than simply hearing about another set of new targets, shareholders will instead be looking for management to demonstrate why the outcome will be different this time versus the prior failed turnaround attempts. We do not believe that shareholders will tolerate further missteps and delays."
October 2, 2015
17:22 EDTBCOStarboard Value raises stake in Brink's to 9.4%
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October 1, 2015
12:19 EDTBCOBrink's to host investor day
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