NYSE$DNB

Dun & Bradstreet Holdings Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Dun & Bradstreet reported financial results for Q1 2023, with revenue increasing slightly and organic revenue growth driven by North America and international segments.

Dun & Bradstreet's Q1 2023 results showed a slight increase in revenue, driven by organic revenue growth. The company's adjusted EBITDA remained flat, with a margin of 35.2%. Despite a challenging macroeconomic environment, the company remains confident in achieving its fiscal year 2023 goals.

  • Revenue for Q1 2023 was $540.4 million, up 0.8% year-over-year and 2.9% on a constant currency basis.
  • Organic revenue increased 3.2% on a constant currency basis compared to the first quarter of 2022.
  • GAAP net loss was $33.7 million, or a loss of $0.08 per share, while adjusted net income was $80.5 million, or $0.19 per diluted share.
  • Adjusted EBITDA was $190.0 million, with an adjusted EBITDA margin of 35.2%.

Headline financials

Total Revenue

$540M

Previous: $536M+0.8%
EPS (adj)

$0.19

Previous: $0.24-20.8%
Adjusted EBITDA Margin

35.2%

Previous: 35.5%-0.8%
Organic Revenue Growth

3.2%

Previous: 4.5%-28.9%
Capital Expenditures

$1.3M

Previous: $4.1M-68.3%
Free Cash Flow

$154M

Previous: $135M+14.6%
Net Income

-$33.7M

Previous: -$31.3M-7.7%
Operating Income

$7.9M

Previous: $16.4M-51.8%
Gross Profit

$345M

Previous: $359M-4.1%
Cash & Equivalents

$204M

Previous: $216M-5.4%
Total Assets

$9.3B

Previous: $9.86B-5.6%
Stock-Based Comp

$20.5M

Previous: $10.7M+91.6%

Revenue & EPS history

Dun & Bradstreet · Revenue · Quarterly

$540M

Q1 2023+0.8%vs Q1 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Dun & Bradstreet · $375M total across 2 segments · Q1 2023

  • Finance & Risk
    $201M-0.5%
  • Sales & Marketing
    $174M+5.1%

Forward guidance

Dun & Bradstreet expects revenues to be in the range of $2.26 billion to $2.30 billion, organic revenue growth to be in the range of 3.0% to 4.5%, adjusted EBITDA to be in the range of $870 million to $920 million, and adjusted EPS to be in the range of $0.92 to $1.00.

Tailwinds

  • Revenues are expected to be in the range of $2,260 million to $2,300 million.
  • Organic revenue growth is expected to be in the range of 3.0% to 4.5%.
  • Adjusted EBITDA is expected to be in the range of $870 million to $920 million.
  • Adjusted EPS is expected to be in the range of $0.92 to $1.00.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports

Historical avg

-1.5%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+1.3%

Avg return

30 days after

42%

11 / 26 earnings

Positive

+9.9%

Q3 2024

Best reaction

-14.5%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025———
Q2 2025+0.1%+0.1%—
Q1 2025+0.2%-2.1%+0.3%
Q4 2025-10.4%-13.4%-16.8%
Q3 2024+9.9%+11.0%+17.3%
Q2 2024+8.6%+7.8%+10.2%
Q1 2024+5.3%+10.6%+4.0%
Q4 2023-2.7%-3.3%-7.2%
Q3 2023+6.2%——
Q2 2023+4.4%——
Q1 2023+8.3%——
Q4 2022-14.5%——
Q3 2022+4.4%——
Q2 2022-2.3%——
Q1 2022+3.3%——
Q4 2021-9.9%——
Q3 2021+2.1%——
Q2 2021-8.4%——
Q1 2021-5.3%——
Q4 2018-3.7%——
Q4 2020-5.7%——
Q3 2020-7.1%——
Q3 2019-7.1%——
Q4 2019-3.7%——
Q2 2020-3.7%——
Q1 2019-3.7%——
Q2 2019-3.7%——
Q3 2018———
Q2 2018———
Q1 2018———
Q4 2017———
Q3 2017———
Q2 2017———
Q1 2017———
Q4 2016———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———
Q1 2014———
Q4 2013———
Q3 2013———
Q2 2013———
Q1 2013———
Q4 2012———
Q3 2012———
Q2 2012———
Q1 2012———

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