Verisk Q2 2020 Earnings Report
Key Takeaways
Verisk reported consolidated revenues of $679 million, a 4.0% increase, and net income of $179 million, a 19.0% increase, for the second quarter of 2020. Diluted EPS was $1.08, and diluted adjusted EPS was $1.29. Net cash provided by operating activities was $250 million, and free cash flow was $193 million.
Consolidated revenues increased by 4.0% to $679 million, with a 1.1% increase on an organic constant currency basis.
Net income rose by 19.0% to $179 million.
Diluted GAAP earnings per share were $1.08, while diluted adjusted earnings per share were $1.29.
Net cash from operating activities increased by 24.6% to $250 million, and free cash flow increased by 25.7% to $193 million.
Verisk
Verisk
Forward Guidance
This release contains forward-looking statements relating to future events and financial performance, subject to risks, uncertainties, and other factors, including the potential impacts of the COVID-19 pandemic.