AcquisitionsMay 6, 2026, 07:08 AM
Brink's to Acquire NCR Atleos for ~$4B; Q1 Revenue +10.3%, EPS $0.77
AI Summary
The Brink's Company announced a definitive agreement to acquire NCR Atleos for approximately $4 billion, a strategic move expected to close in Q1 2027, expanding its AMS and DRS offerings. For the first quarter of 2026, Brink's reported a 10.3% increase in revenues to $1,375.1 million, but net income attributable to Brink's decreased by 37.8% to $32.1 million, resulting in diluted EPS of $0.77.
Key Highlights
- Definitive agreement to acquire NCR Atleos for approximately $4 billion, expected to close in Q1 2027.
- Q1 2026 revenues increased 10.3% to $1,375.1 million from $1,246.7 million in Q1 2025.
- Net income attributable to Brink's decreased 37.8% to $32.1 million from $51.6 million year-over-year.
- Diluted EPS fell to $0.77 in Q1 2026 from $1.18 in Q1 2025.
- North America segment revenue grew to $439.6 million from $417.6 million.
- Europe segment revenue increased to $365.9 million from $319.0 million.
- Net cash provided by operating activities was $28.7 million in Q1 2026, compared to $(60.2) million used in Q1 2025.
- Cash dividends paid per common share increased to $0.2550 from $0.2425.