On January 28, 2009 released its financial results for 2008. Steve Alesio (CEO) commented:
“2008 was a good year for us, despite the challenging environment. As we ended the year, however, the economic headwinds started to have a significant impact on our US marketing-related businesses, which is continuing into 2009, and is reflected in our guidance. We intend to leverage the strength of our team and our financially flexible business model to deliver a solid performance in this challenging year and exit 2009 in a stronger, more competitive position.”
Diluted earnings per share before non-core gains and charges for 2008 were $5.27, up 16 percent from $4.55 in the prior year period. On a GAAP basis, diluted earnings per share for 2008 were $5.60, up 12 percent from $4.99 in the prior year period.
Core and total revenue for 2008 was $1,726.3 million, up 7 percent from the prior year similar period before the effect of foreign exchange (up 8 percent after the effect of foreign exchange).
Operating income before non-core gains and charges for 2008 was $501.1 million, up 11 percent from the prior year similar period. On a GAAP basis, operating income for 2008 was $469.7 million, up 10 percent from the prior year similar period. During 2008, the Company also incurred transition costs of $12.4 million compared with $13.0 million incurred in the prior year similar period.
D&B provided the following financial guidance for the full year 2009:
Core revenue growth of 2 percent to 5 percent, before the effect of foreign exchange; operating income growth of 5 percent to 8 percent, before non-core gains and charges; diluted EPS growth of 9 percent to 12 percent, before non-core gains and charges.
Risk Management Solutions revenue of $1,111.0 million, up 7 percent before the effect of foreign exchange (up 8 percent after the effect of foreign exchange);
Sales & Marketing Solutions revenue of $490.4 million, up 6 percent before the effect of foreign exchange (up 7 percent after the effect of foreign exchange); and
Internet Solutions revenue of $124.9 million, up 16 percent both before and after the effect of foreign exchange. Source: D&B Investors Relations – News Release
