Equifax Inc. (NYSE: EFX) announced financial results for the quarter ended December 31, 2010. The company reported revenue from continuing operations of $482 million in the fourth quarter of 2010, an 11 percent increase from the fourth quarter of 2009. Fourth quarter 2010 net income from continuing operations attributable to Equifax was $62.2 million, a 13 percent increase from the prior year. On a non-GAAP basis, adjusted EPS from continuing operations attributable to Equifax, excluding the impact of acquisition-related amortization expense, was $0.62.

For the full year 2010, revenue from continuing operations was $1.86 billion, an 8 percent increase from 2009. Full year 2010 net income from continuing operations attributable to Equifax was $235.2 million compared to $217.8 million in 2009, up 8 percent. Diluted EPS from continuing operations was $1.86 compared to $1.70 for the full year 2009.

  • Total revenue from continuing operations for USCIS was $743.0 million in 2010, a 4 percent increase from 2009.
  • Total revenue for International was $482.8 million in 2010, a 10 percent increase from 2009. In local currency, revenue was up 5 percent when compared to the same period in the prior year.
  • Total revenue for TALX was $395.6 million in 2010, a 14 percent increase over 2009.
  • Total revenue for North America Personal Solutions was $157.6 million in 2009, a 6 percent increase from 2009.
  • Total revenue for North America Commercial Solutions was $80.5 million in 2010, a 15 percent increase from 2009. In local currency, revenue was up 12 percent when compared to 2009.

First Quarter 2011 Outlook

Based on the current level of domestic and international business activity and current foreign exchange rates, consolidated revenue from continuing operations for the first quarter of 2011 is expected to be up 6 to 8 percent from the year-ago quarter. First quarter 2011 adjusted EPS from continuing operations attributable to Equifax, which excludes the impact of acquisition-related amortization expense, is expected to be between $0.56 and $0.59, up 6 to 11 percent from 2010.

While management remains cautious concerning future prospects concerning the improvement of the credit climate, the company continues to make significant inroads in India with having brought on board over 100 data contributors.  It continues to acquire unique data assets by creating special users groups.  It created an information exchange for the telecom industry resulting in information on 140 million unique consumers with 1 billion data records.   It is working on linking all its data assets, which it regards as a potential market disrupter.  It is making significant progress in building its North American Personal Solutions business, which grew 28.1% in the last quarter.  Same applies to its North American Commercial Solutions business which grew by 11% in the last quarter and 15% for the entire year.  Source:  Equifax Earnings Report