Tag: Second Quarter (Q2)
A strong Q2 for Brinks, led by strategic objectives
August 13, 2024Ken Showers, Managing Editor
RICHMOND, Va. — The Brink’s Company posted an impressive second quarter for 2024 thanks to growth in its ATM managed services (AMS) and digital retail solutions (DRS), as well as continued margin expansion in North America.
Brinks saw record revenue growth of 3% in the second quarter and organic revenue growth of 14%, including accelerating organic growth of 26% for AMS/DRS, and margin increase of 360 basis points.
“We continue to make meaningful progress executing...
Finger on the pulse
August 7, 2024Ken Showers, Managing Editor
We’re somewhere around the halfway point for the fiscal year, at least for most companies, and the prognosis for the second quarter (Q2) couldn’t be more boring.
That is to say, everyone seems to be doing the exact same thing and making the exact same reports. Everyone sold off part of their business, everyone has made “strategic acquisitions” that have been largely responsible for the positive balance sheets I’m seeing. That really seems to be…it? Every...
ADT’s Q2 meeting celebrates 150 years in business
August 6, 2024Ken Showers, Managing Editor
BOCA RATON, Fla. — ADT posted solid financial results for the second quarter (Q2), noteworthy in the face of current global macroeconomics but not surprising for a company celebrating its 150th year in business in August.
The company posted a total revenue increase of 3% to $1.2 billion and end-of-period recurring monthly revenue (RMR) of 2% to $355 million year over year, amid higher interest rates and fewer relocations, a traditional catalyst for new subscribers, said President and...
ASSA ABLOY touts acquisitions
July 17, 2024Ken Showers, Managing Editor
STOCKHOLM — ASSA ABLOY posted strong numbers for the second quarter, thanks to savvy acquisitions, but interest rates and below expectation housing starts resulted in another weak showing for the company’s residential business.
Big picture
By the numbers, the company posted a net sales increase of 10% to SEK 37,968 M (34,474), with organic growth of -1% and acquired net growth of 11%.
“Good sales growth in EMEA and Americas from an organic...
Securitas: ‘We are taking actions to improve performance’
May 10, 2024Ken Showers, Managing Editor
STOCKHOLM — Securitas saw a welcome improvement in the U.S. but fell short in Europe due to integration issues and its airport security business, according to the company’s interim report for the months of January-March.
Overall, Securitas saw an operating income before amortization of MSEK 2.357 billion, or roughly $217 million USD. It gained an impressive 6% increased operating margin improvement thanks to North American operations and its performance in Ibero-America. Seasonality...
Quarter pounded
May 8, 2024Ken Showers, Managing Editor
Dire continuity yields to the march of time as this week marks cleanup for the industry’s quarterly financial results.
One more to go as of writing this and then the second quarter (Q2) 2024 begins for me in earnest, but most companies have probably been eager to get a jump on Q2 for some time now. It’s no secret that it’s been a rough financial quarter for everyone in one way or another, I don’t even think it’s confined to the security industry either! Go peek at...
Q2 sales flat for Johnson Controls, may be eyeing sale of ADT alarms business
May 3, 2024SSN Staff
CORK, Ireland – Johnson Controls International (JCI) plc has reported its fiscal second quarter (Q2) 2024 results, and the company may be looking to divest itself of one of its non-core businesses.
GAAP earnings per share (“EPS”) of $(0.41). Excluding special items, adjusted EPS was $0.78 (see attached footnotes for non-GAAP reconciliation). Sales in the quarter of $6.7 billion were flat compared to the prior year on an as reported basis and increased 1% organically. GAAP...
'Exciting road ahead' as ADT doubles down on residential, small business
August 8, 2023Ken Showers, Managing Editor
BOCA RATON, Fla. – ADT shook things up by preempting its second fiscal quarter 2023 earnings call with the news that the company is divesting itself of its commercial business.
As reported earlier by Security Systems News the company has entered into a definitive agreement to sell its commercial security, fire and life safety business unit to private equity firm GTCR for a purchase price of $1.6 billion. The transaction has been approved by the company’s board of directors and is expected...
Hikvision Q2 success measured in release of over a dozen new products
August 1, 2023SSN Staff
CITY OF INDUSTRY, Calif. – Security product manufacturer and supplier Hikvision has just rounded out what the company is calling a "phenomenal" second quarter for 2023.
Growth over that period was marked positively by the company thanks in part to over a dozen new product releases. Now Hikvision says that performance and growth is continuing into Q3 with the release of three new series of video security cameras from July alone. That includes two varifocal cameras, a 180-degree panoramic...
Securitas Technology celebrating momentum, anniversary of STANLEY acquisition
August 1, 2023SSN Staff
UNIONTOWN, Ohio – Securitas has acknowledged the one-year anniversary of its acquisition of STANLEY Security and Healthcare, which the company is calling a significant milestone in its, “…transformation journey toward technology-based solutions and its ambition to be an outstanding global security and safety partner that helps make the world a safer place.”
Securitas Technology said that the combined offering of the two companies has solidified its expertise...