earnings
confidence high
sentiment positive
materiality 0.75
Verisk Q1 revenue up 8% to $704M; adj. EPS $1.63 (+26.4%); dividend raised 15%
Verisk Analytics, Inc.
2024-Q1 EPS reported
$1.52
revenue$704,000,000
- Revenue $704M (+8.0% reported, +6.9% organic constant currency); income from continuing ops $219M (+12.9%).
- Diluted GAAP EPS $1.52 (+19.7%); diluted adjusted EPS $1.63 (+26.4%) on lower tax rate and share count.
- Adjusted EBITDA $380M (+11.8%); margin improved to 54.0% from 52.2% a year ago.
- Board approved 15% dividend increase to $0.39/share, payable June 28, 2024; $200M share repurchase in Q1.
- Reaffirms FY2024 guidance: revenue $2.84-2.90B, adj. EBITDA $1.54-1.60B, adj. EPS $6.30-6.60.