Once these most recent quarterly results are finalized, they will be run through TheStreet.com Ratings' model and our ratings will be adjusted accordingly. To keep up to date on all of our ratings, visit TheStreet.com Ratings Screener. Brink's ( BCO) reported on April 28, 2009, that its Q1 FY09 net earnings plunged 54.1%, hurt by the impact of last year's currency conversion project in Latin America, higher severance costs in Europe, and unfavorable foreign exchange rates. Net income plummeted to $23.00 million, or $0.49 per share, from $50.10 million, or $1.07 per share, in Q1 FY08. Earnings from continuing operations plunged 32.5% to $22.20 million, or $0.48 per share, which beat the most recent consensus estimate of $0.47 per share. Total revenue declined 7.6% to $732.50 million from $792.80 million in the comparable quarter last year. International sales decreased 9.0% to $511.60 million, due mainly to unfavorable foreign exchange rates. Within this segment, revenue from EMEA (Europe, Middle East, and Africa) was down 12.0% to $293.00 million, Latin American revenue stood at $199.00 million, down 5.0%, and revenue from Asia-Pacific remained flat at $19.00 million. Furthermore, North American sales notched down 4.1% to $220.90 million, as higher average selling prices were offset by lower volume. Brink paid a quarterly dividend of $0.10 per share. BCO purchased 234,456 shares of its outstanding common stock for $6.00 million at an average cost of $ 26.20 per share. Recently, BCO's Brazil-based subsidiary, Brink's-Seguranca e Transporte de Valores Ltda., acquired Sebival-Seguranca Bancaria Industrial e de Valores Ltda. and Setal Servicos Especializados, Tecnicos e Auxiliares Ltda. for around $50.00 million. Looking forward to FY09, the company reaffirmed its guidance of organic revenue growth to be in the mid-to-high single-digit range, with an operating profit margin of around 8.00%. Additionally, it estimates capital expenditure of $175.00 million.