secwatch.observer — SEC 8-K summary
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Issuer:     EQUIFAX INC (EFX)
CIK:        0000033185
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0000033185-23-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Equifax Q1 revenue down 4% to $1.302B; EPS $0.91 vs $1.80 YoY; Boa Vista acquisition signed
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- Revenue $1.302B, down 4% YoY (down 3% local currency); net income $112.4M (-49%); diluted EPS $0.91 (-49%).
- Adjusted EPS $1.43 (-36%); adjusted EBITDA margin 29.2% vs 35.5% YoY.
- Workforce Solutions revenue $596.3M (-8%) with Verification Services down 11%; USIS Online Info down 1%, Mortgage down 23%.
- International constant currency revenue growth 9%; signed deal to acquire Boa Vista (Brazil's #2 credit bureau), close expected Q3 2023.
- On track for $200M spending reductions in 2023 ($120M expense, $80M capital); non-mortgage constant currency revenue growth 10%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33185/000003318523000019/0000033185-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33185/000003318523000019/efx-20230419.htm
  HTML page:      https://secwatch.observer/filing/0000033185-23-000019

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