NYSE$DNB

Dun & Bradstreet Holdings Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Dun & Bradstreet's financial performance was in line with expectations, showing progress in transformation despite a challenging macro-economic environment.

Dun & Bradstreet reported Q2 2020 revenue of $420.6 million, a 5.4% increase, and an adjusted EBITDA of $176.1 million, up 18.5%. The company completed its IPO in July, raising net proceeds of $2.2 billion.

  • Revenue increased by 5.4% to $420.6 million, or 5.6% on a constant currency basis, including a $35.9 million net impact from lower deferred revenue purchase accounting adjustments.
  • Net loss was $207.1 million, with a diluted loss per share of $0.66, while adjusted net income reached $81.6 million, with adjusted diluted earnings per share of $0.26.
  • Adjusted EBITDA grew by 18.5% to $176.1 million, and the adjusted EBITDA margin was 41.9%, a 470 basis points increase, including a $35.9 million net impact from lower deferred revenue purchase accounting adjustments.
  • The company completed its initial public offering and concurrent private placement in July, raising net proceeds of $2.2 billion.

Headline financials

Total Revenue

$421M

Previous: $399M+5.4%
EPS (adj)

$0.26

Previous: -$1.02+125.5%
Adjusted EBITDA Margin

41.9%

Previous: 37.2%+12.6%
Capital Expenditures

$1.9M

Previous: $6.7M-71.6%
Free Cash Flow

$107M

Previous: -$76M+241.3%
Net Income

-$207M

Previous: -$62M-234.0%
Operating Income

-$1.4M

Previous: -$9.1M+84.6%
Gross Profit

-$1.4M

Previous: $271M-100.5%
Cash & Equivalents

$99.8M

Previous: $200M-50.0%
Total Assets

$8.99B

No prior period
Stock-Based Comp

$25.1M

Previous: $47.8M-47.5%

Revenue & EPS history

Dun & Bradstreet · Revenue · Quarterly

$421M

Q2 2020+5.4%vs Q2 2019
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Revenue by segment

Dun & Bradstreet · $354M total across 2 segments · Q2 2020

  • Finance & Risk
    $194M-3.6%
  • Sales & Marketing
    $161M+0.4%

Forward guidance

Dun & Bradstreet’s full year 2020 outlook is as follows:

Tailwinds

  • Revenue is expected to be in the range of $1,729 million to $1,759 million.
  • Adjusted EBITDA is expected to be in the range of $704 million to $724 million.
  • Revenue and adjusted EBITDA include a ($21) million impact from deferred revenue purchase accounting, in both the low and high ends of the range.
  • Adjusted EPS is expected to be in the range of $0.89 to $0.93.
  • Adjusted EPS includes a $(0.04) impact from deferred revenue purchase accounting, in both the low and high ends of the range.

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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