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Dun & Bradstreet
🇺🇸 NYSE:DNB
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•
Mar 31, 2024

Dun & Bradstreet Q1 2024 Earnings Report

Dun & Bradstreet reported a strong start to the year with revenue growth and adjusted EBITDA margin expansion.

Key Takeaways

Dun & Bradstreet's Q1 2024 shows a positive trajectory with a 4.5% increase in revenue to $564.5 million, driven by organic revenue growth of 4.3%. The company's adjusted EBITDA increased by 6.0% to $201.3 million, with an adjusted EBITDA margin of 35.7%.

Revenue increased by 4.5% to $564.5 million, with a 4.1% increase on a constant currency basis.

Organic revenue increased by 4.3% on a constant currency basis.

GAAP net loss was $23.2 million, or $0.05 per share, while adjusted net income was $85.0 million, or $0.20 per share.

Adjusted EBITDA increased by 6.0% to $201.3 million, with an adjusted EBITDA margin of 35.7%.

Total Revenue
$565M
Previous year: $540M
+4.5%
EPS
$0.2
Previous year: $0.19
+5.3%
Adjusted EBITDA Margin
35.7%
Previous year: 35.2%
+1.4%
Gross Profit
$196M
Previous year: $345M
-43.0%
Cash and Equivalents
$216M
Previous year: $204M
+5.8%
Free Cash Flow
$158M
Previous year: $154M
+2.1%
Total Assets
$8.98B
Previous year: $9.3B
-3.5%

Dun & Bradstreet

Dun & Bradstreet

Dun & Bradstreet Revenue by Segment

Dun & Bradstreet Revenue by Geographic Location

Forward Guidance

Dun & Bradstreet expects revenues between $2,400 million and $2,440 million, organic revenue growth between 4.1% and 5.1%, adjusted EBITDA between $930 million and $950 million, and adjusted EPS between $1.00 and $1.04 for fiscal year 2024.

Positive Outlook

  • Revenues are expected to be in the range of $2,400 million to $2,440 million.
  • Organic revenue growth is expected to be in the range of 4.1% to 5.1%.
  • Adjusted EBITDA is expected to be in the range of $930 million to $950 million.
  • Adjusted EPS is expected to be in the range of $1.00 to $1.04.
  • The company's board of directors has approved a share repurchase program.

Challenges Ahead

  • The forward-looking statements are based on expectations as of today's date and assume constant foreign currency rates.
  • Dun & Bradstreet does not present a qualitative reconciliation of its forward-looking non-GAAP financial measures to the most directly comparable GAAP measure.
  • Actual results may differ materially due to risk factors, uncertainties, and assumptions.
  • The company does not intend to update its forward-looking statements until its next quarterly results announcement.
  • Unfavorable global economic conditions including, but not limited to, volatility in interest rates, foreign currency markets, inflation, and supply chain disruptions

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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