NYSE$EFX

Equifax Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Equifax reported its strongest quarterly revenue performance since the 2017 cyber event, with revenue and margin growth amidst the pandemic.

Equifax Inc. announced financial results for the quarter ended March 31, 2020, reporting a revenue of $957.9 million, up 13 percent compared to the first quarter of 2019. Net income attributable to Equifax was $112.6 million, up compared to a net loss of $555.9 million in the first quarter of 2019. First quarter diluted EPS was $0.92, up compared to a loss of $4.57 in the first quarter of 2019.

  • Equifax delivered its strongest quarterly revenue performance since the 2017 cyber event.
  • First quarter revenue was $957.9 million, up 13 percent compared to the first quarter of 2019.
  • Net income attributable to Equifax was $112.6 million, up compared to a net loss of $555.9 million in the first quarter of 2019.
  • First quarter diluted EPS was $0.92, up compared to a loss of $4.57 in the first quarter of 2019.

Headline financials

Total Revenue

$958M

Previous: $846M+13.2%
EPS (adj)

$1.40

Previous: $1.20+16.7%
Workforce Solutions Operating Margin

44.3%

Previous: 42.1%+5.2%
USIS Operating Margin

31.4%

Previous: 32.2%-2.5%
International Operating Margin

7.1%

Previous: 5.0%+42.0%
Adjusted EBITDA Margin

32.4%

Previous: 30.5%+6.2%
Free Cash Flow

$113M

Previous: -$556M+120.3%
Net Income

$113M

Previous: -$556M+120.3%
Operating Income

$136M

Previous: -$618M+122.0%
Gross Profit

-$414M

Previous: $459M-190.3%
Cash & Equivalents

$370M

Previous: $133M+177.7%
Total Assets

$7.62B

Previous: $7.34B+3.9%
Stock-Based Comp

$18.8M

Previous: $18.1M+3.9%

Revenue & EPS history

Equifax · Revenue · Quarterly

$958M

Q1 2020+13.2%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Equifax · $2.18B total across 7 segments · Q4 2021

  • Workforce Solutions
    $532M+30.8%
  • U.S. Information Solutions
    $434M+12.0%
  • Verification Services
    $427M
  • Online Information Solutions
    $314M
  • International
    $288M+16.2%
  • Employer Services
    $105M
  • Financial Marketing Services
    $79.4M

Forward guidance

Due to the rapidly evolving environment and continued uncertainties resulting from the economic impact globally of the coronavirus disease (“COVID-19”), Equifax is not providing guidance for the second quarter of 2020, and are withdrawing our previously announced guidance for full year 2020, which was issued on February 12, 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.6%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+1.4%

Avg return

30 days after

43%

30 / 70 earnings

Positive

+15.2%

Q1 2021

Best reaction

-17.4%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.2%-13.1%-19.4%
Q4 2025-3.8%+14.0%+18.7%
Q3 2025-0.6%+1.2%-10.6%
Q2 2025-2.1%-1.3%+1.2%
Q1 2025+13.8%+19.1%+22.4%
Q4 2024-8.4%-6.4%-5.8%
Q3 2024-3.4%-4.9%-14.4%
Q2 2024-0.2%+1.9%+10.5%
Q1 2024-8.8%-8.2%+4.3%
Q4 2023+3.6%+5.1%+11.0%
Q3 2023-1.0%-1.0%+13.5%
Q2 2023-9.0%-13.1%-19.2%
Q1 2023+3.8%+3.1%+7.9%
Q4 2022-7.3%-4.1%-13.4%
Q3 2022-9.5%-5.4%+20.6%
Q2 2022-0.2%-1.4%+3.8%
Q1 2022-7.1%-2.3%-10.9%
Q4 2021-2.1%-6.4%-5.2%
Q3 2021-6.5%+0.6%+5.7%
Q2 2021-2.7%-0.6%+0.8%
Q1 2021+15.2%+17.3%+23.4%
Q4 2020-3.4%-1.2%-4.8%
Q3 2020-2.4%-5.5%+7.5%
Q2 2020+6.2%-0.6%-4.2%
Q1 2020+1.6%+2.7%+16.8%
Q4 2019+5.8%+6.3%-8.2%
Q3 2019-1.2%-1.9%-0.9%
Q2 2019-2.1%+1.6%+0.9%
Q1 2019-2.2%-0.3%+9.3%
Q4 2018+1.1%+1.0%+3.3%
Q3 2018-17.4%-18.8%-15.1%
Q2 2018-3.1%-1.3%+4.2%
Q1 2018-2.7%-5.9%-3.3%
Q4 2017+3.7%+7.4%+4.3%
Q3 2017+1.4%+2.0%+9.5%
Q2 2017-1.5%+0.4%-2.8%
Q1 2017-2.4%-3.2%-2.2%
Q4 2016+5.8%+7.4%+10.0%
Q3 2016-5.6%-5.0%-8.0%
Q2 2016-1.9%-3.0%-3.4%
Q1 2016+2.7%
Q4 2015+0.2%
Q3 2015-4.1%
Q2 2015+2.1%
Q1 2015+4.1%
Q4 2014+8.5%
Q3 2014-2.6%
Q2 2014+2.7%
Q1 2014+0.9%
Q4 2013-2.2%
Q3 2013+3.4%
Q2 2013+0.6%
Q1 2013+2.8%
Q4 2012-6.2%
Q3 2012-0.1%
Q2 2012-2.7%
Q1 2012+6.0%
Q4 2011+0.1%
Q3 2011+5.0%
Q2 2011+3.7%
Q1 2011+3.1%
Q4 2008-2.2%
Q4 2010-2.2%
Q3 2010+2.2%
Q3 2009+2.2%
Q2 2009+3.6%
Q2 2010+3.6%
Q1 2010-4.7%
Q1 2009-4.7%
Q4 2009-4.7%

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