For the full year 2009, revenue was $1.82 billion, a 6 percent decrease from 2008 of which 3 percent was due to the unfavorable effect of foreign exchange rates. Full year 2009 net income was $233.9 million compared to $272.8 million in 2008, down 14 percent. On a non-GAAP basis,
“We delivered solid performance in the fourth quarter, aggressively managing our expense base and continuing to drive double digit revenue growth in TALX and Mortgage Solutions. We also completed two strategic acquisitions that will add to our growth in 2010 and beyond through new product initiatives and further market penetration,” said Richard F. Smith, Equifax’s Chairman and Chief Executive Officer.
Total revenue for USCIS was $820.7 million in 2009, an 8 percent decrease from 2008. Total revenue for International was $438.6 million in 2009, a 13 percent decrease from 2008. In local currency, revenue was down 4 percent when compared to the same period in the prior year.
Total revenue for TALX was $346.4 million in 2009, a 14 percent increase over 2008. Total revenue for North America Personal Solutions was $149.0 million in 2009, an 8 percent decrease from 2008.
Total revenue for North America Commercial Solutions was $69.8 million in 2009, flat in local currency and down 2 percent in U.S. dollars from 2008.
First Quarter 2010 Outlook: Based on the current level of domestic and international business activity and current foreign exchange rates, consolidated revenue for the first quarter of 2010 is expected to be up in the low single digit range from the year-ago quarter. First quarter 2010 adjusted EPS is expected to be between $0.53 and $0.57. Source: Equifax Earnings Release