• Revenue of $856.7 million was up 6 percent (7 percent in local currency) compared to the second quarter of 2016.
  • Diluted EPS of $1.36 was up 26 percent compared to the second quarter of 2016.
  • Adjusted EPS of $1.60 was up 12 percent compared to the second quarter of 2016.
  • Net income attributable to Equifax of $165.4 million was up 26 percent compared to the second quarter of 2016.
  • Adjusted EBITDA margin was 39.1 percent compared to 36.6 percent in the second quarter of 2016.

 “Second quarter performance reflects outstanding execution by the team and the strength of our unique portfolio of businesses,” said Richard F. Smith, Chairman and Chief Executive Officer at Equifax. “The team continues to make significant progress on new product innovation and our enterprise growth initiatives, both in the U.S. and around the world. We remain confident in our outlook for 2017 and are optimistic about the opportunities in front of us as we look ahead to 2018.”

Financial Results Summary

The company reported revenue of $856.7 million in the second quarter of 2017, a 6 percent increase compared to the second quarter of 2016 on a reported basis and up 7 percent on a local currency basis

Second quarter diluted EPS attributable to Equifax was $1.36, up 26 percent compared to the second quarter of 2016. Adjusted EPS attributable to Equifax was $1.60, up 12 percent compared to the second quarter of 2016. This financial measure for 2017 excludes the income tax effects of stock awards recognized upon vesting or settlement and for 2016 excludes Veda acquisition related amounts. The financial measure for both 2017 and 2016 excludes acquisition-related amortization expense, net of associated tax impacts.

Net income attributable to Equifax of $165.4 million was up 26 percent compared to the second quarter of 2016. Adjusted EBITDA margin was 39.1 percent, compared to 36.6 percent in the second quarter of 2016. These financial measures for 2017 and 2016 have been adjusted for certain items, which affect the comparability of the underlying operational performance.

Source: Equifax Earnings Release