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Sep 30, 2022
Dun & Bradstreet Q3 2022 Earnings Report
Dun & Bradstreet reported solid financial results driven by balanced performance across North America and International business segments.
Key Takeaways
Dun & Bradstreet reported GAAP revenue of $556.3 million, a 2.7% increase compared to the third quarter of 2021. Organic revenue increased 3.9% on a constant currency basis. GAAP net income was $8.0 million, or $0.02 diluted earnings per share. Adjusted EBITDA was $223.0 million, with an adjusted EBITDA margin of 40.1%.
GAAP and Adjusted Revenue both reached $556.3 million, a 2.7% increase.
Organic revenue, excluding acquisitions and divestitures, was $562.9 million, up 3.9% on a constant currency basis.
GAAP net income was $8.0 million, or $0.02 diluted earnings per share.
Adjusted EBITDA was $223.0 million, with an adjusted EBITDA margin of 40.1%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Dun & Bradstreet provided the following forward guidance:
Positive Outlook
- Adjusted Revenues before the impact of foreign exchange are expected to be in the range of 5.5% to 6.5%.
- Adjusted Revenues after the impact of foreign exchange are expected to be in the range of $2,215 million to $2,235 million, or 2.1% to 3.0%.
- Adjusted EBITDA is expected to be in the narrowed range of $865 million to $885 million.
- Adjusted EPS is expected to be in the range of $1.10 to $1.14.
Challenges Ahead
- This update reflects a 3.4% headwind to revenue after the effect of foreign currency due primarily to the continued strengthening of the U.S. dollar vs. the Euro, Swedish Krona and in particular the British Pound in the second half of this year.
- The adjusted revenues and adjusted EBITDA take into account the continued strengthening of the U.S. dollar.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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