Third Quarter 2018 Highlights

D&B reported for the third quarter GAAP revenue of $407.3 million, down 5% year over year both after and before the effect of foreign exchange.  As Adjusted revenue of $416.7 million, down 3% year over year both after and before the effect of foreign exchange.  Organic revenue decreased 3% year over year.

GAAP operating income of $82.2 million, down 14% year over year. As Adjusted operating income of $105.8 million, down 7% year over year.

Deferred revenue for the Company as of September 30, 2018 was $528.9 million (based on ASC 606 standards). Under ASC 605 standards, deferred revenue as of September 30, 2018 was $615.3 million, up 1% year over year;  Americas was $543.4 million, up 1% year over year and Non-Americas was $71.9 million, down 1% year over year. After adjusting for the effect of foreign exchange and acquisitions and dispositions, total Company deferred revenue (based on ASC 605 standards) was up 1%,  Americas was up 1% and Non-Americas was flat, each as compared to September 30, 2017.

Third Quarter 2018 Segment Results

Americas

GAAP revenue of $336.3 million was down 4% year over year both after and before the effect of foreign exchange; As Adjusted revenue of $342.8 million was down 3% year over year both after and before the effect of foreign exchange;

GAAP operating income of $96.2 million was down 4% year over year; As Adjusted operating income of $106.0 million was down 6% year over year.

Non-Americas

GAAP revenue of $71.0 million was down 7% year over year after the effect of foreign exchange (down 5% before the effect of foreign exchange); As Adjusted revenue of $73.9 million was down 3% year over year after the effect of foreign exchange (down 2% before the effect of foreign exchange);

GAAP operating income of $18.8 million was down 18% year over year; As Adjusted operating income of $21.7 million was down 6% year over year.

In light of the proposed merger contemplated by that certain Agreement and Plan of Merger entered into by the Company on August 8, 2018 (the “Merger”), the Company has discontinued its practice of holding quarterly earnings conference calls.

Source:  Dun & Bradstreet Earnings Release