secwatch.observer — SEC 8-K summary
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Issuer:     EQUIFAX INC (EFX)
CIK:        0000033185
Form:       8-K
Filed at:   2022-10-19T23:59:59+00:00
Accession:  0000033185-22-000054
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Equifax Q3 revenue up 2% to $1.244B; Adj EPS $1.73, down 6% YoY; cuts FY adjusted EPS guidance to $7.54
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- Q3 revenue $1.244B (+2% YoY); net income $165.7M (-19%); diluted EPS $1.34 (-19%).
- Adjusted EPS $1.73 (-6% YoY); Adjusted EBITDA margin 32.5% vs 33.0% prior year.
- Workforce Solutions revenue $558.9M (+9%) but operating margin down to 41.3%; USIS revenue -9% due to mortgage decline.
- FY2022 revenue guidance maintained at $5.1B midpoint; adjusted EPS guidance cut to $7.54 per share (down ~$0.13).
- Non-mortgage constant dollar revenue grew 20%; mortgage inquiries declined 41% in Q3, expected >50% decline in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33185/000003318522000054/0000033185-22-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33185/000003318522000054/efx-20221019.htm
  HTML page:      https://secwatch.observer/filing/0000033185-22-000054

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