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Verisk Analytics logoVerisk Analytics VRSK

The company said revenue for Q1 2024 rose to $704 million, up 8.0%, and on an OCC basis grew 6.9%. Income from continuing operations was $219 million, up 12.9%.

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 rose to $704 million, up 8.0%, and on an OCC basis grew 6.9%. Income from continuing operations was $219 million, up 12.9%.

  2. Verisk said adjusted EBITDA for Q1 2024 rose to $380 million, up 11.8%, and diluted adjusted EPS was $1.63, up 26.4%. Diluted EPS from continuing operations was $1.52, up 19.7%.

  3. The company said net cash provided by operating activities for Q1 2024 rose to $372 million, up 1.9%, and free cash flow was $317 million, up 4.2%.

  4. Verisk said it launched a $200 million Accelerated Share Repurchase program during Q1 2024 and completed it in April. As of March 31, it had $1,442 million remaining under its share repurchase authorization. Its Board of Directors approved a dividend of 39 cents per share.

Summary

AI-written

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.

Q1 2024 Revenue and Income from Continuing Operations

The company said revenue for Q1 2024 rose to $704 million, up 8.0%, and on an OCC basis grew 6.9%. Income from continuing operations was $219 million, up 12.9%.

Source · Based on the filing body and exhibits

Adjusted EBITDA and Diluted Adjusted EPS

Verisk said adjusted EBITDA for Q1 2024 rose to $380 million, up 11.8%, and diluted adjusted EPS was $1.63, up 26.4%. Diluted EPS from continuing operations was $1.52, up 19.7%.

Source · Based on the filing body and exhibits

Operating Cash Flow and Free Cash Flow

The company said net cash provided by operating activities for Q1 2024 rose to $372 million, up 1.9%, and free cash flow was $317 million, up 4.2%.

Source · Based on the filing body and exhibits

Accelerated Share Repurchase and Dividend

Verisk said it launched a $200 million Accelerated Share Repurchase program during Q1 2024 and completed it in April. As of March 31, it had $1,442 million remaining under its share repurchase authorization. Its Board of Directors approved a dividend of 39 cents per share.

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.