TransUnion Q2 revenue $968M (+2%); net income $54M vs $96M YoY; FY guidance maintained

TransUnion

2023-Q2 EPS reported $0.55 revenue$1,908,200,000

Revenue $968M, +2% (3% constant currency); International +8% (13% CC) led by India (+27%, 35% CC).
GAAP diluted EPS $0.28 vs $0.49; adjusted diluted EPS $0.86 vs $0.98; Adjusted EBITDA $339M, margin 35.0%.
Prepaid $75M debt in Q2 ($150M YTD); cash $442M; FY 2023 revenue guidance $3,825-3,885M, adj. EPS $3.49-3.62.
Non-cash classification error corrected (cost of services vs SG&A), no impact on operating income or net income.
Strategic minority investment and partnership in Truework for income/employment verification solutions.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

TransUnion reported the quarter ended June 30, 2023 results: revenue $968 million, net income $54 million, EPS $0.28. Guidance reaffirmed.

Period: the quarter ended June 30, 2023
Revenue: $968 million
Net income: $54 million
EPS: $0.28
Guidance: reaffirmed
Result: reported results

Exact text from the filing

CHICAGO, July 25, 2023 - TransUnion (NYSE: TRU) (the “Company”) today announced financial results for the quarter ended June 30, 2023. Second Quarter 2023 Results Revenue: • Total revenue for the quarter was $968 million, an increase of 2 percent (3 percent on a constant currency basis), compared with the second quarter of 2022. Earnings: • Net income attributable to TransUnion was $54 million for the quarter, compared with $96 million for the second quarter of 2022. Diluted earnings per share was $0.28, compared with $0.49 in the second quarter of 2022. Net income attributable to TransUnion margin was 5.6 percent, compared with 10.1 percent in the second quarter of 2022. • Adjusted Net Income was $166 million for the quarter, compared with $190 million for the second quarter of 2022. Adjusted Diluted Earnings per Share was $0.86, compared with $0.98 in the second quarter of 2022. • Adjusted EBITDA was $339 million for the quarter, a decrease of 3 percent (2 percent on a constant curre

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Source: SEC EDGAR

accession 0001552033-23-000037

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