Loading...
•
Dec 31, 2019
Equifax Q4 2019 Earnings Report
Equifax's Q4 2019 financial results were announced, showing revenue growth and progress in its EFX2020 cloud technology transformation.
Key Takeaways
Equifax reported revenue of $905.8 million for Q4 2019, an 8% increase year-over-year. Diluted EPS was $0.07, down from $0.21 in Q4 2018, while net income attributable to Equifax was $9.2 million, also down from $25.6 million in the same period last year. The results included a pre-tax legal accrual of $99.6 million related to the 2017 cybersecurity incident.
Equifax delivered its strongest revenue growth of the year in the fourth quarter.
The company made significant progress on its multi-year, $1.25 billion EFX2020 cloud technology transformation.
Equifax took strong steps to expand its access to unique, differentiated data.
The company is collaborating with customers and partners to deliver advanced decisioning and data solutions.
Equifax
Equifax
Equifax Revenue by Segment
Equifax Revenue by Geographic Location
Revenue by Segment
Workforce Solutions Revenue
CapyFin.comUS Information Solutions Revenue
CapyFin.comInternational Revenue
CapyFin.comRevenue by Geographic Location
Latin America Revenue
CapyFin.comEurope Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comCanada Revenue
CapyFin.com Forward Guidance
For the first quarter of 2020, Equifax expects reported revenue to be between $915 and $930 million and adjusted EPS to be between $1.29 and $1.34 per share. For the full year 2020, the company expects reported revenue to be between $3.650 and $3.750 billion and adjusted EPS to be between $5.60 and $5.80 per share.
Positive Outlook
- Expects reported revenue to be between $915 and $930 million for Q1 2020.
- Local currency growth is expected to be 9% to 11% as compared to Q1 2019.
- Adjusted EPS is expected to be between $1.29 and $1.34 per share for Q1 2020.
- Expects full year 2020 reported revenue to be between $3.650 and $3.750 billion.
- Adjusted EPS is expected to be between $5.60 and $5.80 per share for full year 2020.
Challenges Ahead
- Expects over 1% negative impact of foreign exchange on revenue for Q1 2020.
- The impact of foreign exchange on adjusted EPS compared to Q1 2019 is expected to be a negative impact of less than $0.01 per share.
- U.S. mortgage market inquiries are expected to increase 21% impacting USIS and EWS units for Q1 2020.
- Expects less than 1% negative impact of foreign exchange on revenue for full year 2020.
- The impact of foreign exchange on adjusted EPS compared to full year 2019 is expected to be a negative impact of $0.03 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income