Shares of the Richmond, Va., on Wednesday closed up 12% at $65.81.
Brink's reported net income of $19 million, or 38 cents a share, up from a loss of $24 million, or 47 cents a share, a year ago.
Adjusted earnings for the most recent quarter came to $1.14 a share, and surpassing the FactSet consensus of 83 cents a share.
Revenue totaled $1.08 billion up 11% from a year ago and beating FactSet's call for $1.01 billion.
"Despite the pandemic’s ongoing impact on organic growth, third-quarter revenue recovered to 98% of 2019 pre-Covid levels on a comparable local currency basis," Doug Pertz, president and CEO, said in a statement.
While results in the U.S. continue to be affected by labor shortages and inflationary wage pressures,. Pertz said "we expect these conditions to improve as we approach year-end, and expect wage inflation to be fully offset by price increases as we enter next year."
"On a global basis, we see encouraging trends indicating that revenue is recovering to pre-pandemic levels, though the rate of the recovery may continue to be uneven," he said.
Looking ahead, the company said it expects full-year earnings in the range of $4.50 to $4.60 a share, with revenue in the range of $4.1 billion to $4.2 billion.
The FactSet consensus calls for full-year earnings of $4.45 a share and revenue of $4.16 billion.
Brink's also announced a $150 million accelerated share repurchase representing the repurchase of about 5% of the company’s outstanding shares at the current share price.
Last month, Goldman Sachs said Brink's was one of several small-cap stocks that can withstand the force of inflation.