27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Brink's Company (NYSE:BCO) reported third-quarter FY23 sales growth of 8% year-on-year to $1.227 billion, marginally beating the analyst consensus estimate of $1.226 billion.
Revenue from North America slipped 1% to $398 million, Latin America increased 13% to $340 million, and Europe jumped 31% to $288 million.
Non-GAAP operating profit rose 31% Y/Y to $166 million, and the corresponding operating margin increased 230 basis points Y/Y to 13.5%. GAAP operating margin improved 600 basis points to 11.2%.
Adjusted EBITDA rose 22% Y/Y to $231 million in the quarter.
The company held $1.32 billion in cash and equivalents as of September 30, 2023. Operating cash flow year-to-date totaled $293 million with a free cash flow of $216 million.
Adjusted EPS of $1.92 beat the analyst consensus of $1.79.
On November 2, 2023, the Brink's Board approved a new $500 million share repurchase authorization expiring on December 31, 2025.
Outlook: Brink's still sees FY23 revenue of $4.8 billion - $4.95 billion versus the consensus of $4.88 billion.
BCO sees FY23 Adjusted EPS of $6.45 - $7.15 versus the consensus of $6.73.
The company expects FY23 adjusted EBITDA of $865 million - $915 million with Adjusted EBITDA margin currently seen at 17.5% - 19%.
Price Action: BCO shares traded higher by 7.43% at $75.89 on the last check Tuesday.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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