Equifax said revenue for Q1 2024 rose $87.4 million, or 7%, from a year earlier. It said foreign exchange rates reduced revenue by $20.2 million, or 2%.

1. 01

   Equifax said revenue for Q1 2024 rose $87.4 million, or 7%, from a year earlier. It said foreign exchange rates reduced revenue by $20.2 million, or 2%.

2. 02

   The company said total operating margin for Q1 2024 rose 0.4 percentage points from a year earlier. International operating margin fell from 11.5% to 9.9%, and the company cited higher amortization of purchased intangible assets related to the BVS acquisition as the main factor.

3. 03

   Equifax said USIS revenue rose 10% and Workforce Solutions revenue rose 1% in Q1 2024. Employer Services revenue fell 10%, and the company cited lower Employee Retention Credit revenue as the main factor.

4. 04

   Equifax said it had $201.0 million in cash and cash equivalents as of March 31, 2024, and $1,387.1 million available to borrow under its Revolver. It did not repurchase any shares in Q1 2024 and paid dividends of $48.2 million, or $0.39 per share.

Key figures

Quarter ended March 31, 2024

Revenue

$1.4B

Operating income

$225M

Net income

$125M

EPS

$1.00

Operating cash flow

$253M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.