equifax inc (EFX) Key Developments
Equifax Inc. - Shareholder/Analyst Call
Jul 27 15
To discuss the company's second quarter performance, as well as its outlook for growth for the second half of the year
Equifax Inc. Announces Consolidated Unaudited Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of 2015
Jul 22 15
Equifax Inc. announced consolidated unaudited financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating revenue of $678.1 million against $613.9 million a year ago. Operating income was $188.5 million against $167.4 million a year ago. Consolidated income from operations before income taxes was $158.4 million against $150.5 million a year ago. Net income attributable to company was $111 million against $92.8 million a year ago. Diluted earnings per common share was $0.92 against $0.75 a year ago. Net income attributable to Equifax, adjusted for items was $139.1 million against $119.7 million a year ago. Diluted EPS attributable to Equifax, adjusted for items was $1.15 against $0.96 a year ago.
For the six months, net income of $202.1 million against $180.8 million a year ago. Cash provided by operating activities was $289.6 million against $224.6 million a year ago. Capital expenditures was $55.2 million against $37.7 million a year ago.
For the third quarter of 2015, the company expects revenue between $655 and $670 million, or up approximately 10% to 12% over third quarter of 2014, on a local currency basis. Adjusted EPS, is expected to be between $1.08 and $1.11, up 10% to 13% year-over-year, on a local currency basis. Foreign exchange is expected to negatively impact revenue growth by 3% and adjusted EPS by $0.03.
For the full year of 2015, based on the current level of domestic and international business activity, the company anticipates revenue between $2.645 and $2.670 billion, and Adjusted EPS between $4.38 and $4.42. Given the recent strength of the US dollar, at current exchange rates, the company expects foreign currency to negatively impact 2015 revenue growth by 3%, and Adjusted EPS by approximately $0.10. On a local currency basis, revenue is expected to grow 11% to 12% in 2015. On a local currency basis, adjusted EPS is expected to grow 15% to 16%.
Equifax Inc. Releases CRIF Synergy'sCREDICHECK Solution
Jul 21 15
Equifax Inc. announced that CRIF Synergy'sCREDICHECK solution for credit data access will provide TotalView™ from Equifax in order to help offer a wider range of borrower insights to its customers. For lenders, assessing a customer's capacity to borrow often requires manual collection of data, which can be time-consuming and costly. Additionally, in order to balance risk, growth and profitability, lenders must rely on a broad range of data sources as opposed to just the credit file when implementing acquisition programs.
Equifax Launches Equifax Device Verifier
Jul 14 15
Equifax has launched Equifax Device Verifier, a service that allows businesses to protect themselves against the risk of fraudulent activity when dealing with customers online. Using technology from anti-fraud company, iovation, Equifax Device Verifier assesses the risk of fraud associated with any device being used to make online purchases, including smartphones, desktops, laptops and tablets. The service checks to see if there is any history of fraudulent activity linked to the device using iovation's global fraud network, which looks at the reputations of more than 2.5 billion devices, 23 million fraud reports, and real-time risk indicators such as device anomalies, excessive repeated use of the same device, and evasion techniques attempting to conceal the nature of the device or its location. Equifax Device Verifier has been designed to protect against fraudulent activity while ensuring that genuine customers still receive a smooth and efficient service. As device reputation checks are performed in real time, there is no delay in the customer experience for authentic transactions.
Equifax Inc. to Report Q2, 2015 Results on Jul 22, 2015
Jul 13 15
Equifax Inc. announced that they will report Q2, 2015 results on Jul 22, 2015