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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