The Brink's Company (NYSE:BCO), a global leader in cash management, has initiated a $500 million share buyback plan, marking a significant increase from previous programs. The plan, approved by the company's board in late 2023, is set to be completed by 2025.
CEO Eubanks highlighted the scale of the new program, which is double that of previous ones. This expansion reflects an anticipated surge in cash flow tied to strategic objectives. The move aims to ensure a consistent return of capital to shareholders.
This new initiative complements an existing buyback scheme which had $180 million remaining as of mid-2023. With operations spanning 52 countries and offering services to over a hundred, Brink's international presence underscores its robust position in the global cash management industry.
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