earnings
confidence high
sentiment negative
materiality 0.75
Equifax reports record Q2 revenue $1.317B, cuts full-year guidance on mortgage weakness
EQUIFAX INC
2022-Q2 EPS reported
$3.42
revenue$2,680,000,000
- Q2 revenue $1.317B (+7% YoY); net income $200.6M (-7%); diluted EPS $1.63 (-6%); adjusted EPS $2.09 (+5%).
- Workforce Solutions revenue $609.2M (+21%), driven by Verification Services (+28%); USIS revenue $421.4M (-8%).
- Full-year 2022 guidance: revenue midpoint $5.10B (down $100M), adj EPS $7.68 (down $0.47); expects >46% mortgage decline in H2.
- Non-mortgage constant dollar growth expected at 19%; ten bolt-on acquisitions since Jan 2021.
- Adjusted EBITDA margin 35.0% flat; operating margins declined across segments.