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Brinks Co Says Theft Of Gold Shipment Will Result In Q4 Pretax Charge Of About $11 Mln


Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Brinks Co ::BRINKS CO SAYS THEFT OF AN INTERNATIONAL GOLD SHIPMENT IN DECEMBER WILL RESULT IN A FOURTH-QUARTER PRETAX CHARGE OF APPROXIMATELY $11 MILLION.BRINKS CO - DESPITE CHARGE, MANAGEMENT CONTINUES TO EXPECT STRONG FOURTH-QUARTER OPERATING RESULTS.BRINKS CO - ROBBERY OCCURRED ON DECEMBER 6 AND REMAINS UNDER INVESTIGATION.BRINKS CO - 2017 NON-GAAP OPERATING PROFIT EXPECTED TO BE ABOUT $280 MILLION, UP 30% OVER 2016, AT LOW END OF PRIOR GUIDANCE OF $280 MILLION TO $290 MILLION.BRINKS CO - CUSTOMER AFFECTED BY THE ROBBERY IN DECEMBER HAS BEEN FULLY REIMBURSED BY BRINK'S.BRINKS -IF GOLD IS RECOVERED, OR PORTION OF MONETARY LOSS SUBROGATED TO THIRD PARTIES BEFORE FORM 10-K FILING, RECOVERY WILL BE REFLECTED IN 2017 RESULTS. 

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