8-K
filed February 21, 2024, 6:59 PM ET
ticker VRSK
CIK 0001442145
earnings
confidence high
sentiment positive
materiality 0.80
Verisk Q4 rev $677.2M (+7.4%); adj EPS $1.40; FY2024 guide rev $2.84-$2.90B
Verisk Analytics, Inc.
2023-FY EPS reported
$4.17
revenue$2,681,400,000
- Q4 2023 revenue $677.2M (+7.4% reported, +6.0% OCC); FY revenue $2,681.4M (+7.4% reported, +8.7% OCC).
- Diluted adj. EPS $1.40 in Q4 (-2.1% YoY); FY adj. EPS $5.71 (+14.0%). Adjusted EBITDA Q4 $362.0M (+9.0%).
- Board raised quarterly dividend 15% to $0.39/share; additional $1.0B share repurchase authorization approved.
- Q4 net income affected by $19M litigation reserve for former Financial Services segment indemnification.
- FY 2024 guidance: revenue $2.84-$2.90B; adj. EBITDA margin 54-55%; adj. EPS $6.30-$6.60.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Verisk Analytics, Inc. reported the year ended December 31, 2023 results: revenue $2,681.4 million, net income $768.4 million, EPS $5.22.
- Period
- the year ended December 31, 2023
- Revenue
- $2,681.4 million
- Net income
- $768.4 million
- EPS
- $5.22
- Result
- reported results
Exact text from the filing
results included storm-related revenue associated with Hurricane Ian, which negatively impacted OCC growth by 90 basis points. For the full year 2023, consolidated revenues were $2,681.4 million, up 7.4% and up 8.7% on an OCC basis. • Income from continuing operations w as $182.3 mi ll ion, down 15.5% for the fourth quarter of 2023 . Adjusted EBITDA, a non-GAAP measure,
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Verisk Analytics, Inc. reported the fourth quarter of 2023 results: revenue $677.2 million, net income $182.3 million, EPS $1.25.
- Period
- the fourth quarter of 2023
- Revenue
- $677.2 million
- Net income
- $182.3 million
- EPS
- $1.25
- Result
- reported results
Exact text from the filing
99.1) --- EX-99.1 2 ex_584024.htm EXHIBIT 99.1 ex_584024.htm Exhibit 99.1 Verisk Reports Fourth-Quarter 2023 and Full-Year 2023 Financial Results • Consolidated revenues wer e $677.2 million, up 7.4% and up 6.0% on an organic constant currency (OCC) basis for the fourth quarter of 2023. Prior year results included storm-related revenue associated with Hurricane Ian,
View on SEC.gov
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