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The company said revenue for Q1 2024 was $1,389.4 million, up 7% on a reported basis and 8% on a local currency basis from Q1 2023 $1,302.0 million. The company said non-mortgage local currency revenue grew 9%.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said revenue for Q1 2024 was $1,389.4 million, up 7% on a reported basis and 8% on a local currency basis from Q1 2023 $1,302.0 million. The company said non-mortgage local currency revenue grew 9%.

  2. Equifax said net income attributable to Equifax for Q1 2024 was $124.9 million, up 11% from $112.4 million a year earlier. It said diluted EPS was $1.00 ($0.91 a year earlier). Adjusted EPS was $1.50, up 5% from a year earlier.

  3. Equifax said Workforce Solutions revenue for Q1 2024 was $602.8 million (up 1%), USIS revenue was $465.3 million (up 10%), and International revenue was $321.3 million (up 13% on a reported basis). The company said USIS mortgage credit inquiries fell 19%.

  4. The company maintained its full-year 2024 outlook, with midpoint revenue guidance of $5.720 billion (up 8.6%) and Adjusted EPS of $7.35. The company said its full-year guidance assumes U.S. mortgage credit inquiries will decline by about 11%.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Q1 2024 Revenue $1.389 billion

The company said revenue for Q1 2024 was $1,389.4 million, up 7% on a reported basis and 8% on a local currency basis from Q1 2023 $1,302.0 million. The company said non-mortgage local currency revenue grew 9%.

Source · Based on the filing body and exhibits

Q1 Net Income and EPS

Equifax said net income attributable to Equifax for Q1 2024 was $124.9 million, up 11% from $112.4 million a year earlier. It said diluted EPS was $1.00 ($0.91 a year earlier). Adjusted EPS was $1.50, up 5% from a year earlier.

Source · Based on the filing body and exhibits

Segment Q1 Revenue and Mortgage Inquiry Decline

Equifax said Workforce Solutions revenue for Q1 2024 was $602.8 million (up 1%), USIS revenue was $465.3 million (up 10%), and International revenue was $321.3 million (up 13% on a reported basis). The company said USIS mortgage credit inquiries fell 19%.

Source · Based on the filing body and exhibits

Maintains Full-Year 2024 Outlook

The company maintained its full-year 2024 outlook, with midpoint revenue guidance of $5.720 billion (up 8.6%) and Adjusted EPS of $7.35. The company said its full-year guidance assumes U.S. mortgage credit inquiries will decline by about 11%.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.