TransUnion reported revenue of $291.7 million, an increase of 9.0% compared to the third quarter of 2011. Weakening foreign currencies accounted for a reduction in revenue of 1.6%. Acquisitions accounted for an increase in revenue of 2.7%.
Operating income of $61.3 million in the third quarter, compared to $72.8 million in the prior year, was negatively impacted by a $21.7 million increase in depreciation and amortization, primarily resulting from purchase accounting adjustments to record tangible and intangibles assets at fair value due to the acquisition of TransUnion Corp. by TransUnion Holding on April 30, 2012 (the acquisition and related transactions being referred to herein as the “2012 Change in Control Transaction”). Excluding depreciation and amortization, operating income increased 10.8% compared to the third quarter of 2011.
“During the third quarter we continued to experience revenue and earnings growth behind strong core business performance, the benefit of recent investments and positive macroeconomic trends,” said Bobby Mehta, the Company’s President and Chief Executive Officer. “In addition we continue to benefit from the integration of recent acquisitions Crivo, FHS and CRB in higher growth markets and geographies.”
Source: TransUnion Press Release
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