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Mar 31, 2021

Dun & Bradstreet Q1 2021 Earnings Report

Dun & Bradstreet reported a strong start to the year with solid financial results and significant progress in the integration of Bisnode.

Key Takeaways

Dun & Bradstreet's first quarter 2021 results showed a 27.5% increase in GAAP revenue to $504.5 million and a net loss of $25.0 million, or $0.06 loss per share. Adjusted EBITDA increased by 37.4% to $185.6 million with a margin of 36.5%. The company is reiterating its full year 2021 outlook.

GAAP Revenue increased by 27.5% to $504.5 million.

Adjusted Revenue increased by 28.6% to $509.1 million.

Net loss was $25.0 million, or $0.06 loss per share; adjusted net income was $97.8 million, or adjusted diluted earnings per share of $0.23.

Adjusted EBITDA increased by 37.4% to $185.6 million, with an adjusted EBITDA margin of 36.5%.

Total Revenue
$505M
EPS
$0.23
Adjusted EBITDA Margin
36.5%
Gross Profit
$8.3M
Cash and Equivalents
$173M
Free Cash Flow
$167M
Total Assets
$9.92B

Dun & Bradstreet

Dun & Bradstreet

Dun & Bradstreet Revenue by Segment

Dun & Bradstreet Revenue by Geographic Location

Forward Guidance

Dun & Bradstreet is reiterating its previously provided full year 2021 outlook.

Positive Outlook

  • Adjusted Revenues are expected to be in the range of $2,145 million to $2,175 million.
  • Adjusted EBITDA is expected to be in the range of $840 million to $855 million.
  • Adjusted EPS is expected to be in the range of $1.02 to $1.06.
  • Revenue assumes constant foreign currency rates.
  • The foregoing forward-looking statements reflect Dun & Bradstreet’s expectations as of today's date.

Challenges Ahead

  • Dun & Bradstreet does not present a qualitative reconciliation of its forward-looking non-GAAP financial measures to the most directly comparable GAAP measure due to the inherent difficulty.
  • actual results may differ materially.
  • Dun & Bradstreet does not intend to update its forward-looking statements until its next quarterly results announcement, other than in publicly available statements.
  • It is not possible to predict or identify all risk factors.
  • We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Revenue & Expenses

Visualization of income flow from segment revenue to net income