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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.
Dun & Bradstreet
Dun & Bradstreet
Dun & Bradstreet Revenue by Segment
Dun & Bradstreet Revenue by Geographic Location
Revenue by Segment
Finance & Risk Revenue
CapyFin.comSales & Marketing Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com 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