Tear Sheet: The Brink's Co. Performance Meets Our Expectations With EBITDA Margin Improvement - S&P Global Ratings’ Credit Research

Tear Sheet: The Brink's Co. Performance Meets Our Expectations With EBITDA Margin Improvement

Tear Sheet: The Brink's Co. Performance Meets Our Expectations With EBITDA Margin Improvement - S&P Global Ratings’ Credit Research
Tear Sheet: The Brink's Co. Performance Meets Our Expectations With EBITDA Margin Improvement
Published Sep 06, 2024
6 pages (2688 words) — Published Sep 06, 2024
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

We expect revenue growth in the mid-to high-single-digit percent area over the next two years, propelled by price increases, new client wins, and accelerated installation in the Digital Retail Solutions (DRS) and ATM Managed Services (AMS) segments. We expect pricing initiatives and ongoing restructuring activities will translate into cost savings, and a favorable product mix will increase S&P Global Ratings-adjusted EBITDA margin to the high-18% area from about 17.7% last year. However, we believe foreign exchange volatility will partially offset revenue increases because a sizeable part of the company?s operations are outside the U.S. We forecast S&P Global Ratings-adjusted leverage of 3.4x in 2024 and improving to 3.2x in 2025, supported by EBITDA expansion. The company has a stated leverage

  
Brief Excerpt:

...Rating Component Scores Foreign currency issuer credit rating ##+/Stable/-- Local currency issuer credit rating ##+/Stable/-- Business risk Satisfactory Country risk Intermediate Industry risk Intermediate Competitive position Satisfactory Financial risk Significant Cash flow/leverage Significant Anchor ##+ Diversification/portfolio effect Neutral (no impact) Capital structure Neutral (no impact) Financial policy Neutral (no impact) Liquidity Adequate (no impact) Management and governance Neutral (no impact) Comparable rating analysis Neutral (no impact) Stand-alone credit profile ##+...

  
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Tear Sheet: The Brink's Co. Performance Meets Our Expectations With EBITDA Margin Improvement" Sep 06, 2024. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-The-Brink-s-Co-Performance-Meets-Our-Expectations-With-EBITDA-Margin-Improvement-3246061>
  
APA:
S&P Global Ratings’ Credit Research. (). Tear Sheet: The Brink's Co. Performance Meets Our Expectations With EBITDA Margin Improvement Sep 06, 2024. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-The-Brink-s-Co-Performance-Meets-Our-Expectations-With-EBITDA-Margin-Improvement-3246061>
  
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