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D&B Q3 2013 Revenues Flat

D&B Quarterly Summary Q3 2013BD&B reports core and total revenue flat year over year, before the effect of foreign exchange (down 1% after the effect of foreign exchange). 

Diluted EPS before non-core gains and charges up 14% year over year; GAAP diluted EPS up 6%.  Operating income before non-core gains and charges was flat year over year; GAAP operating income up 10%.  Free cash flow for the first nine months of 2013 was $263.0 million; Net cash provided by operating activities for the first nine months of 2013 was $299.3 million;

Deferred Revenue as of September 30, 2013 for the total Company was flat at $541.3 million; North America down 1% (before the impact of foreign exchange) and total International up 5% (before the impact of foreign exchange).

Third Quarter 2013 Segment Results:

North America:  Core and total revenue were $305.8 million, down 1%, year over year, both before and after the effect of foreign exchange.  Operating income was $112.3 million, down 4%, year over year.

Asia Pacific:  Core and total revenue were $44.4 million, up 5%, year over year, before the effect of foreign exchange (down 1% after the effect of foreign exchange).  Operating income before non-core gains and charges was $5.2 million, down 20%, year over year. On a GAAP basis, operating income was $5.1 million, up 1%.

Europe & Other International Markets:  Core and total revenue were $60.9 million, up 1%, year over year, both before and after the effect of foreign exchange.  Operating income was $19.7 million, up 14%, year over year.

Full Year 2013 Guidance:  D&B reaffirmed its financial guidance for the full year 2013: Core revenue growth of 0% to 3%, before the effect of foreign exchange.  Operating income decline of 6% to 3%, before non-core gains and charges, including $25 million to $30 million in costs related to the deployment of the new data supply chain.   Diluted EPS growth of 8% to 11%, before non-core gains and charges.  Free cash flow of $270 million to $300 million, which excludes the impact of legacy tax matters and any potential regulatory fines associated with our China operations.

Source:  D&B Press Release

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