Fourth Quarter 2012 Results

The Company reported revenue of $284.4 million, an increase of 12.4% compared to the fourth quarter of 2011. Weakening foreign currencies accounted for a reduction in revenue of 0.4%. Acquisitions accounted for an increase in revenue of 3.0%.

Operating income of $43.4 million in the fourth quarter, compared to $64.3 million in the prior year, was negatively impacted by a $22.2 million increase in depreciation and amortization.

Year-to-Date 2012 Results

The Company reported revenue of $1,140.0 million for the full year of 2012, an increase of 11.3% compared to 2011. Weakening foreign currencies accounted for a reduction in revenue of 1.3%. Acquisitions accounted for an increase in revenue of 2.7%.

  • Revenue for U.S. Information Services was $725.5 million, an increase of 9.9% compared to the full year of 2011.
  • Revenue for International was $234.4 million, an increase of 8.5% compared to the full year of 2011. Weakening foreign currencies accounted for a reduction in revenue of 6.2%. Acquisitions accounted for an increase in revenue of 10.5%.
  • Revenue for Interactive was $180.1 million, an increase of 21.9% compared to the full year of 2011.

Operating income of $141.0 million, compared to $252.7 million in the full year of 2011, was impacted by $90.7 million of accelerated stock-based compensation and related expenses resulting from the 2012 Change in Control Transaction.

“Our positive momentum continued in the fourth quarter as we closed out a strong fiscal 2012, highlighted by double-digit organic constant currency revenue growth and high single-digit EBITDA growth. This performance was driven by strong core business results, investments in high growth verticals and markets, and positive macroeconomic trends,” said Bobby Mehta, the Company’s former president and chief executive officer. “As I transition into my new role of Board member, strategic advisor and investor, my conviction regarding the future prospects for TransUnion remains stronger than ever.”

The Company’s new president and chief executive officer, Jim Peck added, “The positive momentum we established in 2012 positions us for continued success in 2013 and beyond. I am excited to lead TransUnion through this next phase of growth and achievement.”

Source:  Marketwire.com