earnings
confidence high
sentiment neutral
materiality 0.85
Verisk Q3 revenue down 1.8% but OCC up 4.8%; sells Wood Mackenzie for $3.1B
Verisk Analytics, Inc.
2022-Q3 EPS reported
$5.59
revenue$2,267,100,000
- Revenue $745.3M (-1.8%); OCC revenue growth +4.8%.
- Net income $189.4M (-6.1%); diluted EPS $1.20 (-3.2%), adjusted EPS $1.46 (+1.4%).
- Adjusted EBITDA $383.5M (+1.2%); OCC adjusted EBITDA +6.0%.
- Declared $0.31/share dividend (payable Dec 30, 2022); repurchased $300M of shares in Q3.
- Agreed to sell Wood Mackenzie (Energy segment) to Veritas Capital for $3.1B cash plus up to $200M contingency.