Equifax said revenue for Q2 2024 rose $112.9 million (9%) from a year earlier, and first-half revenue rose $200.3 million (8%). The company said foreign exchange rates reduced revenue by $32.2 million for Q2 and by $52.3 million for the first half (each 2%).

1. 01

   Equifax said revenue for Q2 2024 rose $112.9 million (9%) from a year earlier, and first-half revenue rose $200.3 million (8%). The company said foreign exchange rates reduced revenue by $32.2 million for Q2 and by $52.3 million for the first half (each 2%).

2. 02

   The company said revenue from the Boa Vista Serviços S.A. (BVS) acquisition, which it completed in August 2023, was $41.2 million in Q2 and $82.4 million in the first half. International revenue rose 17% from a year earlier in Q2 and 15% in the first half.

3. 03

   The company said its total company operating margin increased by 1.7 percentage points in Q2 and by 1.1 percentage points in the first half, compared with the same periods a year earlier. USIS operating margin decreased to 20.6% in Q2 (from 23.1% a year earlier) and to 20.3% in the first half (from 20.9% a year earlier).

4. 04

   The company said it had $181.9 million in cash and cash equivalents as of June 30, 2024, and $1,499.6 million available to borrow under its Revolver. It paid dividends of $96.4 million ($0.78 per share) in the first half, did not repurchase any shares on the public market, and had $520.2 million remaining under its repurchase authorization.

Key figures

Quarter ended June 30, 2024

Revenue

$1.4B

Operating income

$282M

Net income

$164M

EPS

$1.31

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.