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Equifax Q3 2014 Revenue Up 7%

Equifax 500Equifax Inc. reported revenue from continuing operations of $613.4 million in the third quarter of 2014, a 7 percent increase from the third quarter of 2013 and a 8 percent increase in local currency.  Local currency fluctuations against the U.S. Dollar negatively impacted the revenue by $5.6 million in the third quarter of 2014.

Third quarter diluted EPS from continuing operations attributable to Equifax was $0.75, an increase of 12 percent from the third quarter of 2013. On a non-GAAP basis, adjusted EPS attributable to Equifax, excluding the impact of a settlement of a legal dispute over certain software license agreements and acquisition-related amortization expense, net of associated tax impacts, was $1.01, up 12 percent from the third quarter of 2013.

“Another strong quarterly performance was driven by solid execution across all business units. Our core, non-mortgage market organic growth continues to be within our long term target range of 6 to 8 percent and we expect to deliver another strong performance in the fourth quarter,” said Richard F. Smith, Chairman and Chief Executive Officer of Equifax. “The momentum we have developed over the course of this year positions us well for another strong performance in 2015.”

Source:  Equifax Earnings Release

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