Solution innovation, expanded data offerings, strategic partnerships and expanded capabilities via disciplined acquisitions

Dun & Bradstreet Holdings, Inc. (NYSE: DNB), a leading global provider of business decisioning data and analytics, has announced unaudited financial results for the fourth quarter and year ended December 31, 2021a

GAAP Revenue and Adjusted Revenue for the fourth quarter of 2021 were $598.3 million, an increase of 24.7% and 25.5% on a constant currency basis compared to the fourth quarter of 2020.

Excluding the net impact of acquisitions, organic revenue, before the effect of foreign exchange, was $504.4 million, an increase of 5.0% compared to fourth quarter of 2020, which included a 0.2 percentage point impact from the net impact of lower deferred revenue purchase accounting adjustments of $0.6 million.

GAAP Net loss for the fourth quarter of 2021 was $11.6 million, or diluted loss per share of $0.03, compared to net income of $1.8 million or diluted earnings per share of less than $0.01 for the prior year quarter. Adjusted net income was $141.9 million, or adjusted diluted earnings per share of $0.33, compared to adjusted net income of $114.7 million, or adjusted diluted earnings per share of $0.27 for the prior year quarter.

“With 25 percent growth overall and 5 percent growth organically, we exited the year with strong momentum as performance in both North America and International accelerated. Through significant financial and operational achievements since the go private and throughout 2021, we are well positioned to continue capitalizing on growing opportunities through new solution innovation, expanded data offerings, strategic partnerships and expanded capabilities via disciplined acquisition,” said Anthony Jabbour, Dun & Bradstreet Chief Executive Officer.

  • GAAP Revenue for the year ended December 31, 2021 was $2,165.6 million, an increase of 24.5% and 24.3% on a constant currency basis compared to the year ended December 31, 2020, which included the net impact of acquisitions completed in 2021 and the net impact of lower deferred revenue purchase accounting adjustments of $20.9 million.
  • Adjusted Revenue for the year ended December 31, 2021 was $2,170.2 million, an increase of 24.8% and 24.6% on a constant currency basis compared to the year ended December 31, 2020. Excluding the net impact of acquisitions, organic revenue, before the effect of foreign exchange, was $1,822.6 million, an increase of 4.5% compared to the year ended December 31, 2020, which included a 1.3 Segment Results

North America

For the fourth quarter of 2021, North America revenue was $428.7 million, an increase of $27.6 million or 6.9% and 6.8% on a constant currency basis compared to the fourth quarter of 2020. Excluding the positive impact of foreign exchange of $0.3 million and the net impact of acquisitions which contributed revenue of $10.6 million, North America organic revenue increased 4.1%.

For the year ended December 31, 2021, North America revenue was $1,499.4 million, an increase of $39.4 million or 2.7% and 2.6% on a constant currency basis compared to the year ended December 31, 2020. Excluding the positive impact of foreign exchange of $2.1 million and the net impact of acquisitions which contributed revenue of $6.7 million, North America organic revenue increased 2.1%.

International

International revenue for the fourth quarter of 2021 was $169.6 million, an increase of $90.2 million or 113.5% and 118.6% on a constant currency basis compared to the fourth quarter of 2020. Excluding the negative impact of foreign exchange of $4.3 million and the net impact of the Bisnode acquisition which contributed revenue of $88.0 million, organic revenue before the effect of foreign exchange increased 8.2%.

International revenue for the year ended December 31, 2021 was $671.0 million, an increase of $371.2 million or 123.8% and 121.9% on a constant currency basis compared to the year ended December 31, 2020. Excluding the positive impact of foreign exchange of $1.0 million and the net impact of the Bisnode acquisition which contributed revenue of $344.0 million, organic revenue before the effect of foreign exchange increased 8.6%.

Business Outlook

  • Adjusted Revenues are expected to be in the range of $2,270 million to $2,315 million.
  • Adjusted EBITDA is expected to be in the range of $865 million to $905 million.
  • Adjusted EPS is expected to be in the range of $1.13 to $1.20.

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Source:  D&B Earnings Release