The Brink's Company Q1 2026 Earnings Recap

Brink's shares rose 3.3% following a quarter that beat expectations on sustained strong growth in higher-margin ATM Managed Services and Digital Retail Solutions, alongside margin expansion and record cash flow generation.

Key Takeaways

• Q1 revenue increased 10% yoy, with 4.5% organic growth driven by 15% growth in AMS/DRS, continuing its 13-quarter streak of double-digit expansion.
• EBITDA margin expanded 10 basis points to 17.3%, supported by over 100 basis points of margin improvement in North America and Rest of World, and 240 basis points in Europe.
• Trailing 12-month EBITDA exceeded $1 billion for the first time, reflecting more than $200 million growth since end-2022.
• Free cash flow topped $0.5 billion on a trailing 12-month basis, with a 50% conversion rate from EBITDA and over $12 per share generated in Q1 alone.
• The company reaffirmed its 2026 outlook for mid-single-digit organic growth and margin expansion of 30 to 50 basis points, supported by the planned acquisition of NCR Atleos and anticipated cost synergies.