Equifax Inc. (NYSE: EFX) reported revenue from continuing operations of $586.9 million in the second quarter of 2013, a 14 percent increase from the second quarter of 2012. Second quarter diluted EPS from continuing operations attributable to Equifax was $0.73, an increase of 22 percent from the second quarter of 2012. On a non-GAAP basis, adjusted EPS attributable to Equifax, excluding the impact of acquisition-related amortization expense, net of associated tax impacts, was $0.92, up 28 percent from the second quarter of 2012.
“Broad-based performance, including double digit revenue growth and expanded operating margins, drove our strong financial results in the second quarter,” said Richard F. Smith, Equifax’s Chairman and Chief Executive Officer. “With the integration of the CSC acquisition nearly complete and accelerating growth in our core, non-mortgage activities and our strategic initiatives, I am highly confident in our full year guidance.”
- U.S. Consumer Information Solutions (USCIS): Total revenue was $259.7 million in the second quarter of 2013 compared to $217.6 million in the second quarter of 2012, an increase of 19 percent.
- International: Total revenue was $129.8 million in the second quarter of 2013, a 9 percent increase from the second quarter of 2012 and a 12 percent increase on a local currency basis.
- Workforce Solutions: Total revenue was $123.2 million in the second quarter of 2013, a 12 percent increase over the second quarter of 2012.
- North America Personal Solutions: Revenue was $51.5 million, a 12 percent increase from the second quarter of 2012.
- North America Commercial Solutions: Revenue was $22.7 million, up 12 percent in U.S. dollars and local currency compared to the second quarter of 2012.
Full Year 2013 Outlook: Based on the current level of domestic and international business activity, current foreign exchange rates, and the previously anticipated slowdown in mortgage activity in the second half of 2013, consolidated revenue growth for the full year of 2013 is expected to be in the middle of our 10 percent to 12 percent guidance range and full year 2013
Source: Equifax Earnings Release
