Equifax Inc. (EFX) announced financial results for the quarter ended September 30, 2012. The company reported revenue of $543.9 million in the third quarter of 2012, an 11 percent increase from the third quarter of 2011 and a 12 percent increase in local currency. In addition to the financial highlights noted above, third quarter 2012 net income attributable to Equifax was $77.9 million, a 17 percent increase from the prior year.
Operating margin was 24.3 percent for the third quarter of 2012, compared to 24.8 percent in the third quarter of 2011. Excluding the pre-tax impact of the International severance charges, operating margin for the third quarter of 2012 was 25.0%. Refer to Question #2 in the Common Questions and Answers attached for further information.
U.S. Consumer Information Solutions (USCIS): Total revenue was $233.3 million in the third quarter of 2012 compared to $202.0 million in the third quarter of 2011, an increase of 15 percent.
International: Total revenue was $121.0 million in the third quarter of 2012, a 2 percent increase from the third quarter of 2011 and a 6 percent increase on a local currency basis.
Workforce Solutions: Total revenue was $117.0 million in the third quarter of 2012, a 14 percent increase over the third quarter of 2011.
North America Personal Solutions: Revenue was $51.4 million, a 13 percent increase from the third quarter of 2011. Operating margin was 32.1 percent compared to 32.8 percent in the third quarter of 2011.
North America Commercial Solutions: Revenue was $21.2 million, down 2 percent in U.S. dollars and 1 percent in local currency compared to the third quarter of 2011. Operating margin was 18.8 percent compared to 23.6 percent in the third quarter of 2011.
Fourth Quarter 2012 Outlook: Based on the current level of domestic and international business activity and current foreign exchange rates as well as continued strength in mortgage activity, consolidated revenue for the fourth quarter of 2012 is expected to be up 8 to 10 percent from the year-ago quarter. Fourth quarter 2012 adjusted EPS attributable to Equifax, which excludes the impact of acquisition-related amortization expense, is expected to be between $0.72 and $0.76.
Source: Equifax Press Release
