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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%.
Dun & Bradstreet
Dun & Bradstreet
Dun & Bradstreet Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com 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