secwatch.observer — SEC 8-K summary
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Issuer:     EQUIFAX INC (EFX)
CIK:        0000033185
Form:       8-K
Filed at:   2023-07-19T23:59:59+00:00
Accession:  0000033185-23-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Equifax Q2 revenue flat, EPS down 31%; cuts FY guidance on mortgage weakness
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- Revenue $1.318B flat YoY; net income $138.3M (-31%); diluted EPS $1.12 (-31%).
- Adjusted EPS $1.71 (-18%); adjusted EBITDA margin 32.7% vs 35.0%.
- Workforce Solutions rev -4%; USIS +6%; International constant currency +7%.
- Cloud spend reductions increased: $210M in 2023, $275M in 2024; full year FY23 rev guidance $5.30B, adj EPS $6.98.
- Received shareholder approval for Boa Vista Serviços merger; closing expected early August.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33185/000003318523000029/0000033185-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33185/000003318523000029/efx-20230719.htm
  HTML page:      https://secwatch.observer/filing/0000033185-23-000029

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