The BrinkÃ¢â‚¬â„¢s Company reports strong first quarter results
May 13, 2004
RICHMOND, Va. - The BrinkÃ¢â‚¬â„¢s Company, parent company of BrinkÃ¢â‚¬â„¢s Home Security, reported a first quarter income of $17.2 million compared to a loss of $3.2 million in the prior-year period.
The results were driven by the companyÃ¢â‚¬â„¢s home security arm, which reported $82 million in revenue for the period. The figure increased 11 percent in comparison to last yearÃ¢â‚¬â„¢s numbers.
In a conference call last week, Chief Executive Officer Michael Dan said new installations were up 24 percent. Company executives also noted that BrinkÃ¢â‚¬â„¢s Home SecurityÃ¢â‚¬â„¢s low disconnect rate attributed to the strong showing, as well as the divisionÃ¢â‚¬â„¢s commitment on staying very selective with dealers and focusing on customer service. The company currently has 850,000 subscribers.