earnings
confidence high
sentiment positive
materiality 0.80
Verisk Q1 revenue up 9.8% organically; adjusted EPS up 16.2%; guidance reaffirmed
Verisk Analytics, Inc.
2023-Q1 EPS reported
$0.37
revenue$651,600,000
- Revenue $651.6M (+1.2% reported, +9.8% OCC); Insurance segment up 11.1% (9.8% OCC).
- Income from continuing ops $194.4M (-60.1%) due to prior-year gains; adjusted EBITDA $340.3M (+11.5%).
- Diluted GAAP EPS $1.27 (-57.8%); diluted adjusted EPS $1.29 (+16.2%).
- Closed $2.5B accelerated share repurchase; received 10.7M shares at $187.70 avg; dividend $0.34 (unchanged).
- 2023 guidance unchanged: revenue $2.59-$2.63B, adj EBITDA margin 53%-54%, adj EPS $5.20-$5.50.