The Brink’s Company and subsidiaries
Segment Results (unaudited) for 2015 and 2016 (as revised to reflect new operating segment structure)
(In millions, except for percentages)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Revenues |
| | 2015 | | 2016 |
| | 1Q | | 2Q | | 3Q | | 4Q | | Full Year | | 1Q | | 2Q | | 3Q | | 4Q | | Full Year |
| Revenues: | | | | | | | | | | | | | | | | | | | |
| North America | $ | 309.4 |
| | 310.0 |
| | 302.8 |
| | 301.8 |
| | 1,224.0 |
| | $ | 292.7 |
| | 300.8 |
| | 297.0 |
| | 319.8 |
| | 1,210.3 |
|
| South America | 186.1 |
| | 179.8 |
| | 175.1 |
| | 178.3 |
| | 719.3 |
| | 157.0 |
| | 170.1 |
| | 186.7 |
| | 204.9 |
| | 718.7 |
|
| Rest of World | 260.1 |
| | 258.3 |
| | 262.0 |
| | 253.2 |
| | 1,033.6 |
| | 239.2 |
| | 245.6 |
| | 251.2 |
| | 243.4 |
| | 979.4 |
|
| Revenue - non-GAAP | 755.6 |
| | 748.1 |
| | 739.9 |
| | 733.3 |
| | 2,976.9 |
| | 688.9 |
| | 716.5 |
| | 734.9 |
| | 768.1 |
| | 2,908.4 |
|
| | | | | | | | | | | | | | | | | | | | |
Other items not allocated to segments(a) | 20.5 |
| | 12.2 |
| | 19.3 |
| | 32.5 |
| | 84.5 |
| | 32.9 |
| | 23.0 |
| | 20.9 |
| | 35.4 |
| | 112.2 |
|
| Revenues - GAAP | $ | 776.1 |
| | 760.3 |
| | 759.2 |
| | 765.8 |
| | 3,061.4 |
| | $ | 721.8 |
| | 739.5 |
| | 755.8 |
| | 803.5 |
| | 3,020.6 |
|
| | | | | | | | | | | | | | | | | | | | |
| | Operating Profit |
| | 2015 | | 2016 |
| | 1Q | | 2Q | | 3Q | | 4Q | | Full Year | | 1Q | | 2Q | | 3Q | | 4Q | | Full Year |
| Operating profit: | | | | | | | | | | | | | | | | | | | |
| North America | $ | 17.9 |
| | 9.3 |
| | 5.3 |
| | 9.2 |
| | 41.7 |
| | $ | 2.7 |
| | 3.1 |
| | 8.2 |
| | 23.0 |
| | 37.0 |
|
| South America | 23.1 |
| | 21.6 |
| | 22.4 |
| | 34.1 |
| | 101.2 |
| | 23.7 |
| | 21.2 |
| | 34.6 |
| | 40.8 |
| | 120.3 |
|
| Rest of World | 18.8 |
| | 21.7 |
| | 30.2 |
| | 28.4 |
| | 99.1 |
| | 17.8 |
| | 27.0 |
| | 31.8 |
| | 30.8 |
| | 107.4 |
|
| Corporate | (19.2 | ) | | (22.0 | ) | | (20.9 | ) | | (23.1 | ) | | (85.2 | ) | | (13.1 | ) | | (13.4 | ) | | (13.9 | ) | | (17.8 | ) | | (58.2 | ) |
| Operating profit - non-GAAP | 40.6 |
| | 30.6 |
| | 37.0 |
| | 48.6 |
| | 156.8 |
| | 31.1 |
| | 37.9 |
| | 60.7 |
| | 76.8 |
| | 206.5 |
|
| | | | | | | | | | | | | | | | | | | | |
Other items not allocated to segments(a) | (27.7 | ) | | (45.2 | ) | | (11.7 | ) | | (15.6 | ) | | (100.2 | ) | | (17.3 | ) | | (15.8 | ) | | (10.7 | ) | | (18.5 | ) | | (62.3 | ) |
| Operating profit (loss) - GAAP | $ | 12.9 |
| | (14.6 | ) | | 25.3 |
| | 33.0 |
| | 56.6 |
| | $ | 13.8 |
| | 22.1 |
| | 50.0 |
| | 58.3 |
| | 144.2 |
|
| | | | | | | | | | | | | | | | | | | | |
| | Margin |
| | 2015 | | 2016 |
| | 1Q | | 2Q | | 3Q | | 4Q | | Full Year | | 1Q | | 2Q | | 3Q | | 4Q | | Full Year |
| Margin: | | | | | | | | | | | | | | | | | | | |
| North America | 5.8 | % | | 3.0 |
| | 1.8 |
| | 3.0 |
| | 3.4 |
| | 0.9 | % | | 1.0 |
| | 2.8 |
| | 7.2 |
| | 3.1 |
|
| South America | 12.4 |
| | 12.0 |
| | 12.8 |
| | 19.1 |
| | 14.1 |
| | 15.1 |
| | 12.5 |
| | 18.5 |
| | 19.9 |
| | 16.7 |
|
| Rest of World | 7.2 |
| | 8.4 |
| | 11.5 |
| | 11.2 |
| | 9.6 |
| | 7.4 |
| | 11.0 |
| | 12.7 |
| | 12.7 |
| | 11.0 |
|
| Operating profit - non-GAAP | 5.4 |
| | 4.1 |
| | 5.0 |
| | 6.6 |
| | 5.3 |
| | 4.5 |
| | 5.3 |
| | 8.3 |
| | 10.0 |
| | 7.1 |
|
| | | | | | | | | | | | | | | | | | | | |
Other items not allocated to segments(a) | (3.7 | ) | | (6.0 | ) | | (1.7 | ) | | (2.3 | ) | | (3.5 | ) | | (2.6 | ) | | (2.3 | ) | | (1.7 | ) | | (2.7 | ) | | (2.3 | ) |
| Operating profit (loss) - GAAP | 1.7 | % | | (1.9 | ) | | 3.3 |
| | 4.3 |
| | 1.8 |
| | 1.9 | % | | 3.0 |
| | 6.6 |
| | 7.3 |
| | 4.8 |
|
| |
| (a) | Additional information about the other items not allocated to segments is included in the Fourth Quarter 2016 Earning Release available in the Quarterly Results section of the Brink's website: www.brinks.com. |
