One of the leaders in home security monitoring, Brink’s Home Security Holdings, Inc. symbol CFL on the New York Stock Exchange (NYSE) announced fourth quarter and year end 2009 financial results.  The home security monitoring business appears to be picking up, as Brinks Home Security, now operating under the name Broadview Security, announced monthly recurring revenue increased 9.1% from a year ago.  Subscribers numbers were up 4.4%.

President and CEO, Bob Allen was pleased with both the quarterly and annual results, thanks to the organic growth  in revenue and customer count, given the challenges of the depressed housing market and continuing high unemployment rates.  He believes performance will continue to increase into the near future before their merger with the ADT organization, part of Tyco International.

Brinks Home Security announced fourth quater 2009 revenue of $145.4 million, an increase of 7.5% over the 2008 period.  This increase was derived mainly from an increase in their subscriber base, which was up 4.4% as well as an increase of 4.5 % in average revenue per subscriber.

Here’s the rest of the highlights for Brinks Home Security (Broadview Security):

  • 4th Quarter Operating Profit: $27.5 million vs $24.7 million 4th Quarter 2008 ( up 18.3%)
  • 4th quarter Net Income: $17.8 million or $0.39 per share
  • Full Year 2009 Operating Profit: $101.4 million vs $94 million 2008 (up 7.9%)
  • Full year 2009 Net Income: $62.7 million or $1.36 per share vs $57.1 million or $1.25 per share

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