NYSE$DNB

Dun & Bradstreet Holdings Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Dun & Bradstreet reported a strong quarter with revenue and organic revenue growth, driven by increased demand in North America and International business segments.

Dun & Bradstreet reported revenue of $554.7 million for Q2 2023, a 3.2% increase year-over-year. Organic revenue increased by 3.9%. The company's adjusted EBITDA was $206.2 million, with an adjusted EBITDA margin of 37.2%. GAAP net loss was $19.4 million, or a loss of $0.04 per share, while adjusted net income was $95.1 million, or $0.22 per diluted share.

  • Revenue for the second quarter of 2023 was $554.7 million, an increase of 3.2% compared to Q2 2022.
  • Organic revenue increased 3.9% compared to the second quarter of 2022.
  • Adjusted EBITDA for the second quarter of 2023 was $206.2 million, an increase of 3.1% compared to Q2 2022, with an adjusted EBITDA margin of 37.2%.
  • GAAP net loss for the second quarter of 2023 was $19.4 million, or loss per share of $0.04.

Headline financials

Total Revenue

$555M

Previous: $537M+3.2%
EPS (adj)

$0.22

Previous: $0.25-12.0%
Adjusted EBITDA Margin

37.2%

Previous: 37.2%+0.0%
Organic Revenue Growth

3.9%

Previous: 3.7%+5.4%
Capital Expenditures

$1.3M

Previous: $3.4M-61.8%
Free Cash Flow

$57.6M

Previous: $74.3M-22.5%
Net Income

-$19.4M

Previous: -$1.8M-977.8%
Operating Income

$16.5M

Previous: $29.7M-44.4%
Gross Profit

$350M

Previous: $356M-1.7%
Cash & Equivalents

$261M

Previous: $210M+24.3%
Total Assets

$9.27B

Previous: $9.7B-4.4%
Stock-Based Comp

$24.8M

Previous: $15.3M+62.1%

Revenue & EPS history

Dun & Bradstreet · Revenue · Quarterly

$555M

Q2 2023+3.2%vs Q2 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Dun & Bradstreet · $392M total across 2 segments · Q2 2023

  • Finance & Risk
    $211M+0.5%
  • Sales & Marketing
    $181M+5.4%

Forward guidance

Dun & Bradstreet expects revenues to be in the range of $2,280 million to $2,320 million, organic revenue growth to be in the range of 3.0% to 4.5%, adjusted EBITDA to be in the range of $875 million to $915 million, and adjusted EPS to be in the range of $0.92 to $1.01.

Tailwinds

  • Revenues are expected to be in the range of $2,280 million to $2,320 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 $875 million to $915 million.
  • Adjusted EPS is expected to be in the range of $0.92 to $1.01.
  • Assumes constant foreign currency rates.

Headwinds

  • The forward-looking statements reflect Dun & Bradstreet’s expectations as of today's date.
  • Dun & Bradstreet does not present a qualitative reconciliation of its forward-looking non-GAAP financial measures to the most directly comparable GAAP measure.
  • There is inherent difficulty in forecasting and quantifying with reasonable accuracy significant items required for this reconciliation.
  • Actual results may differ materially due to risk factors, uncertainties and assumptions.
  • Dun & Bradstreet does not intend to update its forward-looking statements until its next quarterly results announcement.

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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