The company said revenue for Q4 2023 was $677.2 million, up 7.4%, and up 6.0% on an OCC basis. Adjusted EBITDA was $362.0 million, up 9.0%. Full-year revenue was $2,681.4 million and adjusted EBITDA was $1,433.5 million.

1. 01

   The company said revenue for Q4 2023 was $677.2 million, up 7.4%, and up 6.0% on an OCC basis. Adjusted EBITDA was $362.0 million, up 9.0%. Full-year revenue was $2,681.4 million and adjusted EBITDA was $1,433.5 million.

2. 02

   Verisk said income from continuing operations for Q4 2023 was $182.3 million, down 15.5%. The company cited a $19.0 million litigation reserve expense, a one-time tax benefit of approximately $30.3 million in Q4 2022, and higher depreciation expense as factors.

3. 03

   Verisk said net cash provided by operating activities for Q4 2023 was $252.4 million, up 1.4%, and free cash flow was $196.1 million, up 15.8%. Full-year net cash provided by operating activities was $1,060.7 million and free cash flow was $830.7 million.

4. 04

   Verisk said it repurchased $250 million of its shares in Q4 2023, and on February 14, 2024 its Board of Directors approved an additional $1.0 billion share repurchase authorization. The company's outlook for fiscal 2024 calls for revenue of $2,840 million to $2,900 million and adjusted EBITDA of $1,540 million to $1,600 million.

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

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

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