NYSE$TRU

TransUnion · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

TransUnion delivered strong growth with contributions from all three segments, driven by an accelerated economic recovery across most markets and ongoing business wins.

TransUnion announced strong first quarter 2021 results, with total revenue of $745 million, an increase of 8 percent compared to the first quarter of 2020. Net income attributable to TransUnion was $128 million, compared to $70 million for the first quarter of 2020. Adjusted EBITDA was $300 million, an increase of 14 percent compared to the first quarter of 2020.

  • Delivered strong growth with contributions from all three segments, driven by an accelerated economic recovery across most markets during the quarter and the benefit from ongoing business wins.
  • Increased full year 2021 financial guidance to reflect first quarter out-performance and a more bullish view of the remainder of the year.
  • Continuing to aggressively invest to position TransUnion for long-term sustained growth.
  • Out-performed previous guidance and raised outlook for the remainder of the year due to stronger underlying business conditions, particularly in the U.S.

Headline financials

Total Revenue

$745M

Previous: $688M+8.4%
EPS (adj)

$0.91

Previous: $0.73+24.7%
Adjusted EBITDA

$300M

Previous: $263M+14.1%
Adjusted EBITDA Margin

40.3%

Previous: 38.3%+5.2%
Capital Expenditures

-$43.2M

Previous: -$42M-2.9%
Free Cash Flow

$84.7M

Previous: $28.2M+200.4%
Net Income

$128M

Previous: $70.2M+82.2%
Operating Income

$181M

Previous: $137M+32.1%
Gross Profit

$502M

Previous: $463M+8.6%
Cash & Equivalents

$433M

Previous: $306M+41.6%
Total Assets

$7.29B

Previous: $6.93B+5.1%
Stock-Based Comp

$17M

Previous: $4.9M+246.9%

Revenue & EPS history

TransUnion · Revenue · Quarterly

$745M

Q1 2021+8.4%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

TransUnion · $599M total across 3 segments · Q1 2021

  • U.S. Financial Services
    $263M+14.4%
  • U.S. Emerging Verticals
    $205M+7.0%
  • Consumer Interactive
    $130M+2.7%

Forward guidance

For the second quarter of 2021, revenue is expected to be between $744 million and $754 million, an increase of 17 to 19 percent compared with the second quarter of 2020. Net income attributable to TransUnion is expected to be between $112 million and $117 million, an increase of 63 to 71 percent. Adjusted EBITDA is expected to be between $296 million and $303 million, an increase of 22 to 25 percent compared with the second quarter of 2020.

Tailwinds

  • Revenue is expected to be between $744 million and $754 million, an increase of 17 to 19 percent compared with the second quarter of 2020.
  • Net income attributable to TransUnion is expected to be between $112 million and $117 million, an increase of 63 to 71 percent.
  • Diluted earnings per share is expected to be between $0.58 and $0.61, an increase of 62 to 70 percent.
  • Adjusted EBITDA is expected to be between $296 million and $303 million, an increase of 22 to 25 percent compared with the second quarter of 2020.
  • Adjusted Diluted Earnings per Share is expected to be between $0.89 and $0.92, an increase of 35 to 39 percent.

Headwinds

  • Revenue growth includes approximately 2 percent of headwind due to projected lower growth in mortgage revenue.
  • Guidance is based on assumptions that are subject to change and outside of the control of the Company.
  • The extent to which COVID-19 impacts the business and results of operations continues to be inherently uncertain.
  • COVID-19 impact will depend on numerous evolving factors that may not be accurately predicted.
  • There can be no assurance that the Company will achieve the results expressed by this guidance.

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 2021

Historical avgQ1 2021

+0.6%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.7%

Avg return

30 days after

57%

25 / 44 earnings

Positive

+18.4%

Q4 2015

Best reaction

-28.7%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.3%-1.1%+0.5%
Q4 2025-1.4%+4.9%-2.5%
Q3 2025+3.3%+2.8%+4.0%
Q2 2025-2.9%-4.9%-1.1%
Q1 2025+6.7%+6.7%+7.6%
Q4 2024+7.3%+3.9%-11.9%
Q3 2024+0.8%-2.0%-6.3%
Q2 2024+11.4%+15.8%+25.3%
Q1 2024+8.5%+6.3%+11.1%
Q4 2023+9.8%+6.3%+10.2%
Q3 2023-28.7%-32.8%-8.7%
Q2 2023+3.2%+0.4%-1.1%
Q1 2023+0.3%+7.8%+11.1%
Q4 2022+3.4%+3.9%-12.9%
Q3 2022+1.9%+5.1%+8.4%
Q2 2022-14.0%-9.6%-7.5%
Q1 2022-3.6%-5.7%-8.1%
Q4 2021-11.9%-6.6%+4.5%
Q3 2021-7.3%-2.4%-3.4%
Q2 2021+1.6%+3.0%+1.4%
Q1 2021+3.4%+4.0%+6.4%
Q4 2020-6.9%-6.1%-8.1%
Q3 2020-6.1%-5.6%+11.0%
Q2 2020+3.2%+0.2%-3.5%
Q1 2020+8.1%+2.6%+13.9%
Q4 2019+2.2%-0.7%-40.2%
Q3 2019+1.3%-0.1%+2.8%
Q2 2019+9.0%+12.7%+12.2%
Q1 2019-3.4%-1.8%-6.9%
Q4 2018-2.1%-2.6%+1.0%
Q3 2018-6.9%-10.2%-11.5%
Q2 2018-1.2%-4.5%-2.1%
Q1 2018+8.3%+8.0%+13.6%
Q4 2017-4.0%+0.6%+0.9%
Q3 2017+2.5%+4.5%+7.7%
Q2 2017-0.1%-0.7%+3.7%
Q1 2017-0.2%+0.4%+7.3%
Q4 2016+9.4%+8.5%+10.6%
Q3 2016-3.5%-6.6%-5.1%
Q2 2016-4.9%-7.3%-6.4%
Q1 2016+9.6%
Q4 2015+18.4%
Q3 2015+1.7%
Q2 2015+0.6%
Q4 2014
Q1 2015
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q4 2012
Q1 2013

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