https://assets.capyfin.com/instruments/678fdc13234e27009c5d5b64.png avatar
Equifax
🇺🇸 NYSE:EFX
View Company
OverviewEarningsDividends
•
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.

Total Revenue
$906M
Previous year: $835M
+8.4%
EPS
$1.53
Previous year: $1.38
+10.9%
Adjusted EBITDA Margin
35.2%
Previous year: 33.2%
+6.0%
USIS Operating Margin
33.6%
Previous year: 35.5%
-5.4%
Workforce Solutions Oper. Margin
39.2%
Previous year: 39.7%
-1.3%
Gross Profit
$523M
Previous year: $463M
+12.9%
Cash and Equivalents
$401M
Previous year: $224M
+79.5%
Total Assets
$7.91B
Previous year: $7.15B
+10.6%

Equifax

Equifax

Equifax Revenue by Segment

Equifax Revenue by Geographic Location

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

Company Overview

Full financial data and analysis

View Equifax