Verisk Q4 2023 Earnings Report

Verisk reported Q4 2023 earnings with revenue up 7.4% and organic constant currency (OCC) revenue up 6.0%.

Key Takeaways

Verisk's Q4 2023 results showed solid growth, with consolidated revenues reaching $677.2 million, a 7.4% increase, and a 6.0% increase on an organic constant currency basis. Diluted GAAP earnings per share were $1.25, while non-GAAP EPS was $1.40. Net cash from operating activities was $252.4 million, and free cash flow was $196.1 million.

Consolidated revenues increased by 7.4% to $677.2 million, with a 6.0% increase on an organic constant currency basis.

Income from continuing operations decreased by 15.5% to $182.3 million.

Diluted GAAP earnings per share decreased by 8.8% to $1.25, while diluted adjusted EPS decreased by 2.1% to $1.40.

Net cash provided by operating activities increased by 1.4% to $252.4 million, and free cash flow increased by 15.8% to $196.1 million.