Dun & Bradstreet Holdings Inc · Q4 2020 earnings

Briefing

Reported an increase in revenue and adjusted EBITDA, driven by growth and transformation strategies.

Dun & Bradstreet reported a solid performance in Q4 2020, with revenue increasing by 11.0% to $480.1 million and adjusted EBITDA up 32.2% to $208.9 million. Net income for the quarter was $7.0 million, or $0.02 per share, and adjusted net income was $118.1 million, or $0.28 per share.

• Revenue increased by 11.0% as reported, and 10.5% on a constant currency basis compared to Q4 2019, reaching $480.1 million.
• Net income was $7.0 million, or diluted loss per share of $0.02, with adjusted net income at $118.1 million, or adjusted diluted earnings per share of $0.28.
• Adjusted EBITDA increased by 32.2% compared to Q4 2019, reaching $208.9 million, with an adjusted EBITDA margin of 43.5%, an increase of 700 basis points.
• Company completed a successful IPO, signed a definitive agreement to acquire Bisnode, and continued to execute on growth and transformation strategies.

Headline financials

Revenue & EPS history

Dun & Bradstreet’s full year 2021 outlook is as follows: Adjusted Revenues are expected to be in the range of $2,145 million to $2,175 million. Adjusted EBITDA is expected to be in the range of $840 million to $855 million. Adjusted EPS is expected to be in the range of $1.02 to $1.06.