Revenues Up 15% at Brink’s Home Security
Due primarily to continued growth in the subscriber base, revenue at Brink’s Home Security increased 15 percent to $100 million in the third quarter of 2005 compared with earnings from the same time last year. In addition, parent company The Brink’s Co.’s total revenues for the third quarter were up 16 percent to $1.4 billion, thanks to substantial increases from each of the company’s business units.
Brink’s Home Security also announced that its operating profit in the third quarter was up 5 percent to $21.3 million from $20.2 million a year ago, and that its annualized disconnect rate grew to 7.7 percent from 7.1 percent a year ago as a result of the effects of Hurricane Katrina. The company added, however, that there were no negative financial effects from the hurricane because they expect its insurance coverage to more than offset its losses.
Brink’s Home Security installed 43,800 new subscribers during the third quarter – an increase of 15 percent from the same time last year – and ended the quarter with approximately 998,000 subscribers generating monthly recurring revenue of $28.4 million.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.
A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!