earnings
confidence high
sentiment neutral
materiality 0.80
Equifax Q4 revenue down 4% to $1.198B; FY 2022 record $5.122B; 2023 guidance $5.325B rev, $7.20 adj EPS
EQUIFAX INC
2022-FY EPS reported
$5.65
revenue$5,122,200,000
- Q4 2022 revenue $1.198B (-4% YoY); mortgage revenue dropped 41%; non-mortgage constant currency growth 12%.
- Full year 2022 revenue $5.122B (+4% YoY); adjusted EPS $7.56 (down 1% YoY).
- Workforce Solutions Q4 non-mortgage revenue grew 17%; USIS online non-mortgage up 19%.
- 2023 guidance: revenue midpoint $5.325B (~4% growth), adjusted EPS $7.20; expects 30% mortgage market decline.
- Announced $200M cost reduction in 2023 ($120M expense, $80M capital); offer to acquire Boa Vista in Brazil.