The Brink's Company delivered an impressive performance in the second quarter of 2026, marked by record margins and substantial growth in its specialized service offerings. The company reported a 7% increase in total revenue, alongside an 18% rise in Non-GAAP Earnings Per Share, underscoring its financial strength. A significant driver of this success was the continued expansion of ATM Managed Services (AMS) and Digital Retail Solutions (DRS), which collectively saw a 14% organic revenue growth, marking their fourteenth consecutive quarter of strong mid-teen growth. These segments now contribute over $1.5 billion to the company's trailing twelve-month revenue, highlighting a successful strategic pivot towards high-margin, recurring revenue streams. The company's adjusted EBITDA surged by 11% to $257.2 million, with margins expanding across all operational sectors, demonstrating effective productivity initiatives and a favorable revenue mix.
A major development for Brink's is the expedited progress of its acquisition of NCR Atleos, with the closing date now anticipated for early in the first quarter of 2027. This move has received overwhelming shareholder support, with over 99% of votes cast in favor, and has seen rapid advancement in regulatory approvals, including early termination of antitrust waiting periods in the U.S. and clearances in several other key markets globally. The acquisition is poised to significantly enhance Brink's market position, particularly within the U.S. ATM network through NCR's Allpoint, promising considerable routing synergies and improved service levels. Furthermore, Brink's has secured major new contracts, such as an enterprise agreement with a large North American retail chain for over 5,000 locations and a significant AMS deal with Mandiri Bank in Indonesia, which operates an extensive ATM network. These strategic wins are expected to fuel continued organic growth and margin accretion, supporting the company's full-year profit expectations.
Looking ahead, Brink's remains committed to its strategy of driving growth through high-margin, recurring revenue services that address complex challenges for its retail and banking clientele. The company aims to accelerate its operational improvements and enhance its operating model, seeking to eliminate inefficiencies across its frontline and back-office functions. The integration with NCR Atleos is expected to create a $10 billion global enterprise, unlocking fresh growth and margin opportunities by leveraging a combined network and expanding into underpenetrated markets. With a clear focus on transforming the retail cash management industry through DRS and capitalizing on the outsourcing trend in the ATM market, Brink's is well-positioned for sustained shareholder value creation. The leadership's emphasis on aligning incentive compensation with strategic goals further reinforces this forward-looking approach, ensuring that the entire organization is directed towards achieving robust financial performance and market leadership.
