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Dec 31, 2022
Verisk Q4 2022 Earnings Report
Verisk reported marginal revenue growth and an 8.1% increase on an organic constant currency basis for Q4 2022. Income from continuing operations increased significantly due to a prior year impairment loss reversal.
Key Takeaways
Verisk's Q4 2022 results showed marginal revenue growth, but a strong 8.1% increase on an organic constant currency basis. The company's income from continuing operations rose substantially, driven by the reversal of a prior year impairment loss. Adjusted EBITDA and diluted adjusted EPS also saw increases.
Revenues from continuing operations were $630.4 million, up marginally, and up 8.1% on an organic constant currency basis.
Income from continuing operations was $215.8 million, up 82.4%.
Diluted GAAP earnings per share from continuing operations were $1.37, up 87.7%.
Free cash flow was $169.3 million, up 63.9%.
Verisk
Verisk
Forward Guidance
Verisk plans to provide 2023 financial guidance on their earnings conference call on March 1, 2023.