NYSE$DNB

Dun & Bradstreet Holdings Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Dun & Bradstreet reported solid performance, in line with expectations, and reiterated its guidance for full year 2020.

Dun & Bradstreet announced unaudited financial results for the third quarter ended September 30, 2020. Revenue was $442.1 million, up 8.3%. Net loss was $17.0 million, or diluted loss per share of $0.04, and adjusted net income of $101.3 million, or adjusted diluted earnings per share of $0.24. Adjusted EBITDA was $197.0 million, up 27.0%, and adjusted EBITDA margin of 44.6%, an increase of 660 basis points.

  • Revenue of $442.1 million, up 8.3%, and up 7.8% on a constant currency basis; which includes the net impact of lower deferred revenue purchase accounting adjustments of $38.2 million.
  • Net loss of $17.0 million, or diluted loss per share of $0.04, and adjusted net income of $101.3 million, or adjusted diluted earnings per share of $0.24.
  • Adjusted EBITDA of $197.0 million, up 27.0%, and adjusted EBITDA margin of 44.6%, an increase of 660 basis points; which includes the net impact of lower deferred revenue purchase accounting adjustments of $38.2 million.
  • On October 7, 2020, Dun & Bradstreet announced that it has entered into a definitive agreement to purchase the outstanding shares of Bisnode Business Information Group AB.

Headline financials

Total Revenue

$442M

Previous: $408M+8.3%
EPS (adj)

$0.24

Previous: -$0.29+182.8%
Adjusted EBITDA Margin

44.6%

No prior period
Capital Expenditures

$4.2M

Previous: $2.1M+100.0%
Free Cash Flow

-$200K

Previous: $500K-140.0%
Net Income

-$17M

Previous: -$56.7M+70.0%
Operating Income

$45.2M

Previous: -$1M+4620.0%
Gross Profit

$45.2M

Previous: $283M-84.0%
Cash & Equivalents

$311M

Previous: $101M+209.4%
Total Assets

$9.19B

No prior period
Stock-Based Comp

$9.7M

Previous: $3.6M+169.4%

Revenue & EPS history

Dun & Bradstreet · Revenue · Quarterly

$442M

Q3 2020+8.3%vs Q3 2019
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Revenue by segment

Dun & Bradstreet · $363M total across 2 segments · Q3 2020

  • Finance & Risk
    $207M-0.8%
  • Sales & Marketing
    $157M-5.8%

Forward guidance

Dun & Bradstreet is reiterating its previously provided full year 2020 outlook as follows: 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. Adjusted EPS is expected to be in the range of $0.89 to $0.93.

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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