Equifax Q3 rev up 6% to $1.319B; cuts FY guidance on mortgage headwinds

EQUIFAX INC

2023-Q3 EPS reported $3.34 revenue$3,938,700,000

Revenue $1.319B (+6% reported, +7% local currency); Adjusted EPS $1.76 (+2% YoY).
Net income $162.2M, down 2%; Diluted EPS $1.31, down 2% YoY.
FY2023 guidance cut: revenue midpoint $5.256B, Adjusted EPS $6.67.
Expect full-year mortgage credit inquiries down ~34% (prior ~30%).
Closed Boa Vista Serviços acquisition (2nd largest Brazilian credit bureau); cloud savings $210M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EQUIFAX INC reported the quarter ended September 30, 2023 results: revenue $1,319.1 million, net income $162.2 million, EPS $1.31. Guidance lowered.

Period: the quarter ended September 30, 2023
Revenue: $1,319.1 million
Net income: $162.2 million
EPS: $1.31
Guidance: lowered
Result: reported results

Exact text from the filing

Mortgage Market ATLANTA, October 18, 2023 -- Equifax ® (NYSE: EFX) today announced financial results for the quarter ended September 30, 2023. • Third quarter 2023 revenue of $1.319 billion up 6% and up 6.5% in local currency against a weaker than expected mortgage market estimated to be down 29% based on Equifax mortgage credit inquiries and the strengthening U.S.

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Source: SEC EDGAR

accession 0000033185-23-000040

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