secwatch.observer — SEC 8-K summary
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Issuer:     EQUIFAX INC (EFX)
CIK:        0000033185
Form:       8-K
Filed at:   2022-07-20T23:59:59+00:00
Accession:  0000033185-22-000038
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Equifax reports record Q2 revenue $1.317B, cuts full-year guidance on mortgage weakness
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33185/000003318522000038/0000033185-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33185/000003318522000038/efx-20220720.htm
  HTML page:      https://secwatch.observer/filing/0000033185-22-000038

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