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Equifax Reports Second Quarter 2014 Revenues Up 5%

EEquifax 500quifax Inc. (NYSE: EFX) reported revenue from continuing operations of $613.9 million in the second quarter of 2014, a 5 percent increase from the second quarter of 2013 and a 6 percent increase in local currency.

Second quarter diluted EPS from continuing operations attributable to Equifax was $0.75, an increase of 2 percent from the second quarter of 2013. On a non-GAAP basis, adjusted EPS attributable to Equifax, excluding the impact of acquisition-related amortization expense, net of associated tax impacts, was $0.96, up 5 percent from the second quarter of 2013.

  • U.S. Consumer Information Solutions (USCIS) up 2%
  • International up 18% (local currency 23%)
  • Workforce Solutions down (3%)
  • North America Personal Solutions up 5%
  • North America Commercial Solutions up 3%

“Our second quarter performance was very strong and above our guidance due primarily to continued strong execution on our key strategic initiatives. For the quarter, the mortgage market headwind was consistent with our expectation,” said Richard F. Smith, Chairman and Chief Executive Officer of Equifax. “Given our strong, first half performance and the abating mortgage headwinds, our full year outlook for 2014 has improved.” Second Quarter 2014 Highlights Operating margin was 27.3 percent for the second quarter of 2014, compared to 26.9 percent in the second quarter of 2013. We repurchased 0.7 million of our common shares on the open market for $49.0 million during the second quarter of 2014. At June 30, 2014, our remaining authorization for future share repurchases was $141.7 million.

Source: Equifax Earnings Release

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