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Jun 30, 2020
Dun & Bradstreet Q2 2020 Earnings Report
Dun & Bradstreet's financial performance was in line with expectations, showing progress in transformation despite a challenging macro-economic environment.
Key Takeaways
Dun & Bradstreet reported Q2 2020 revenue of $420.6 million, a 5.4% increase, and an adjusted EBITDA of $176.1 million, up 18.5%. The company completed its IPO in July, raising net proceeds of $2.2 billion.
Revenue increased by 5.4% to $420.6 million, or 5.6% on a constant currency basis, including a $35.9 million net impact from lower deferred revenue purchase accounting adjustments.
Net loss was $207.1 million, with a diluted loss per share of $0.66, while adjusted net income reached $81.6 million, with adjusted diluted earnings per share of $0.26.
Adjusted EBITDA grew by 18.5% to $176.1 million, and the adjusted EBITDA margin was 41.9%, a 470 basis points increase, including a $35.9 million net impact from lower deferred revenue purchase accounting adjustments.
The company completed its initial public offering and concurrent private placement in July, raising net proceeds of $2.2 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Dun & Bradstreet’s full year 2020 outlook is as follows:
Positive Outlook
- Revenue is expected to be in the range of $1,729 million to $1,759 million.
- Adjusted EBITDA is expected to be in the range of $704 million to $724 million.
- Revenue and adjusted EBITDA include a ($21) million impact from deferred revenue purchase accounting, in both the low and high ends of the range.
- Adjusted EPS is expected to be in the range of $0.89 to $0.93.
- Adjusted EPS includes a $(0.04) impact from deferred revenue purchase accounting, in both the low and high ends of the range.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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