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Dun & Bradstreet
🇺🇸 NYSE:DNB
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Jun 30, 2023

Dun & Bradstreet Q2 2023 Earnings Report

Dun & Bradstreet reported a strong quarter with revenue and organic revenue growth, driven by increased demand in North America and International business segments.

Key Takeaways

Dun & Bradstreet reported revenue of $554.7 million for Q2 2023, a 3.2% increase year-over-year. Organic revenue increased by 3.9%. The company's adjusted EBITDA was $206.2 million, with an adjusted EBITDA margin of 37.2%. GAAP net loss was $19.4 million, or a loss of $0.04 per share, while adjusted net income was $95.1 million, or $0.22 per diluted share.

Revenue for the second quarter of 2023 was $554.7 million, an increase of 3.2% compared to Q2 2022.

Organic revenue increased 3.9% compared to the second quarter of 2022.

Adjusted EBITDA for the second quarter of 2023 was $206.2 million, an increase of 3.1% compared to Q2 2022, with an adjusted EBITDA margin of 37.2%.

GAAP net loss for the second quarter of 2023 was $19.4 million, or loss per share of $0.04.

Total Revenue
$555M
Previous year: $537M
+3.2%
EPS
$0.22
Previous year: $0.25
-12.0%
Adjusted EBITDA Margin
37.2%
Previous year: 37.2%
+0.0%
Gross Profit
$350M
Previous year: $356M
-1.7%
Cash and Equivalents
$261M
Previous year: $210M
+24.3%
Free Cash Flow
$57.6M
Previous year: $74.3M
-22.5%
Total Assets
$9.27B
Previous year: $9.7B
-4.4%

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 $2,280 million to $2,320 million, organic revenue growth to be in the range of 3.0% to 4.5%, adjusted EBITDA to be in the range of $875 million to $915 million, and adjusted EPS to be in the range of $0.92 to $1.01.

Positive Outlook

  • Revenues are expected to be in the range of $2,280 million to $2,320 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 $875 million to $915 million.
  • Adjusted EPS is expected to be in the range of $0.92 to $1.01.
  • Assumes constant foreign currency rates.

Challenges Ahead

  • The forward-looking statements reflect Dun & Bradstreet’s expectations as of today's date.
  • Dun & Bradstreet does not present a qualitative reconciliation of its forward-looking non-GAAP financial measures to the most directly comparable GAAP measure.
  • There is inherent difficulty in forecasting and quantifying with reasonable accuracy significant items required for this reconciliation.
  • Actual results may differ materially due to risk factors, uncertainties and assumptions.
  • Dun & Bradstreet does not intend to update its forward-looking statements until its next quarterly results announcement.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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