earnings
confidence high
sentiment neutral
materiality 0.80
Verisk Q1 revenue up 6.8% to $775.5M; CEO Stephenson to step down, CFO Shavel named CEO
Verisk Analytics, Inc.
2022-Q1 EPS reported
$3.13
revenue$775,500,000
- Diluted GAAP EPS $3.13 (+203.9%) includes $450.8M gain from sale of 3E; diluted adjusted EPS $1.34 (+8.9%).
- Adjusted EBITDA $359.3M (+4.0% reported, +4.1% OCC); margin fell to 46.3% from 47.6%.
- Insurance segment revenue $586.4M (+9.5%); Underwriting & rating +10.3%, Claims +7.5%.
- Free cash flow $339.6M (-12.8%); repurchased $571.3M in shares; quarterly dividend $0.31.
- CEO Scott Stephenson departing; CFO Lee Shavel appointed as CEO, effective immediately.