Dun & Bradstreet Q1 2023 Earnings Report
Key Takeaways
Dun & Bradstreet's Q1 2023 results showed a slight increase in revenue, driven by organic revenue growth. The company's adjusted EBITDA remained flat, with a margin of 35.2%. Despite a challenging macroeconomic environment, the company remains confident in achieving its fiscal year 2023 goals.
Revenue for Q1 2023 was $540.4 million, up 0.8% year-over-year and 2.9% on a constant currency basis.
Organic revenue increased 3.2% on a constant currency basis compared to the first quarter of 2022.
GAAP net loss was $33.7 million, or a loss of $0.08 per share, while adjusted net income was $80.5 million, or $0.19 per diluted share.
Adjusted EBITDA was $190.0 million, with an adjusted EBITDA margin of 35.2%.
Dun & Bradstreet
Dun & Bradstreet
Dun & Bradstreet Revenue by Segment
Dun & Bradstreet Revenue by Geographic Location
Forward Guidance
Dun & Bradstreet expects revenues to be in the range of $2.26 billion to $2.30 billion, organic revenue growth to be in the range of 3.0% to 4.5%, adjusted EBITDA to be in the range of $870 million to $920 million, and adjusted EPS to be in the range of $0.92 to $1.00.
Positive Outlook
- Revenues are expected to be in the range of $2,260 million to $2,300 million.
- Organic revenue growth is expected to be in the range of 3.0% to 4.5%.
- Adjusted EBITDA is expected to be in the range of $870 million to $920 million.
- Adjusted EPS is expected to be in the range of $0.92 to $1.00.
Revenue & Expenses
Visualization of income flow from segment revenue to net income