Brink’s Co. stock BCO rallied 12% Wednesday to put it on track for its biggest one-day percentage gain in almost three years, after the cash management company . Richmond, Va.-based Brink’s posted net income of $45 million, or $1.01 a share, for the quarter, down 9% from the year-earlier period. Adjusted per-share earnings came to $2.10, well ahead of the $1.88 FactSet consensus. Revenue rose 8% to $1.191 billion, also ahead of the $1.189 billion FactSet consensus. Operating margin improvement was especially encouraging in North America, with the fourth-quarter over 15% for the first time in the history of the segment,” Chief Executive Mark Eubanks said in a statement. Brink’s is now expecting 2023 revenue of $4.800 billion to $4.950 billion, which compares with a FactSet consensus of $4.923 billion. It expects adjusted EPS of $6.30 to $7.00, while FactSet is expecting $6.54. The stock has gained 28% in the year to date, while the S&P 500 SPX has gained 4%.
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