TransUnion reported Q3 revenue of $689 million, an increase of 14 percent (15 percent on a constant currency basis, 14 percent on an organic constant currency basis) compared with the third quarter of 2018.

  • Adjusted Revenue, which removes the impact of deferred revenue purchase accounting reductions and other adjustments to revenue for our recently acquired entities, was also $689 million, an increase of 11 percent (12 percent on a constant currency basis, 11 percent on an organic constant currency basis, 12 percent on an organic constant currency basis excluding last year’s incremental credit monitoring revenue due to a breach at a competitor) compared with the third quarter of 2018.
  • Net income attributable to TransUnion was $92 million, compared with $46 million for the third quarter of 2018. Diluted earnings per share was $0.48, compared with $0.24 for the third quarter of 2018.
  • Adjusted Net Income was $146 million, compared with $125 million for the third quarter of 2018. Adjusted Diluted Earnings per Share was $0.76, compared with $0.65 for the third quarter of 2018.
  • Adjusted EBITDA was $281 million, an increase of 15 percent (16 percent on a constant currency basis, 15 percent on an organic constant currency basis) compared with the third quarter of 2018. Adjusted EBITDA margin was 40.7 percent, compared with 39.4 percent for the third quarter of 2018.

“TransUnion delivered another strong quarter with double-digit organic constant currency Adjusted Revenue, Adjusted EBITDA and Adjusted EPS growth in the quarter,” said Chris Cartwright, President and CEO. “The results reflect the high-performance culture of the TransUnion team as well as our array of advantaged data assets, capabilities and technology infrastructure. We continue to aggressively invest in all of these areas to maintain our leadership position in the industry.”

“Our strong performance has also afforded us the opportunity to prepay another $165 million of debt, bringing our total prepayments to $265 million for the year, and $325 million over the past twelve months. We were able to do this even as we invested in the business, participated in strategic M&A, and paid our quarterly dividends over this time.”

Source: TransUnion Earnings Release

 

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