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Sep 30, 2023
Verisk Q3 2023 Earnings Report
Reported strong third-quarter financial results driven by growth in underwriting and claims
Key Takeaways
Verisk reported consolidated revenues of $677.6 million, up 11.1%, and up 9.4% on an organic constant currency basis. Income from continuing operations was $187.4 million, up 13.1%. Diluted GAAP earnings per share from continuing operations were $1.29, up 22.9%.
Consolidated revenues were $677.6 million, up 11.1%, and up 9.4% on an organic constant currency basis.
Income from continuing operations was $187.4 million, up 13.1%.
Diluted GAAP earnings per share from continuing operations were $1.29, up 22.9%.
Net cash provided by operating activities was $250.1 million, down 10.7% and free cash flow was $195.8 million, down 8.7%.
Forward Guidance
Our guidance for 2023 remains unchanged with revenue in the range of $2.63-$2.66 billion, adjusted EBITDA between $1.39-$1.43 billion, adjusted EBITDA margin in the 53%-54% range and adjusted EPS in the range of $5.50-$5.70.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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