earnings
confidence high
sentiment negative
materiality 0.80
Equifax Q1 revenue $1.36B (+12% YoY); cuts FY2022 guidance on mortgage decline
EQUIFAX INC
2022-Q1 EPS reported
$1.80
revenue$1,363,200,000
- Q1 revenue $1.363B (record, +12% YoY); diluted EPS $1.80, adjusted EPS $2.22.
- Workforce Solutions revenue $649M (+33%); Verification Services $513.3M, Employer Services $135.7M.
- FY2022 revenue guidance cut to ~$5.2B (midpoint), adjusted EPS to $8.15; expects 33.5% decline in US mortgage inquiries.
- Acquired Efficient Hire (employer services) and Data-Crédito (Dominican Republic credit bureau).
- USIS down 6% to $432.9M; International up 10% local currency to $281.3M.