Delivered strong financial performance as a result of business wins, successful innovation and ongoing market recovery
- Increased our full year 2021 financial guidance to reflect third quarter out-performance and continued improvement in the global macro-economic environment.
- Announced our intent to acquire Neustar, a premier identity resolution company; the transaction is expected to close in the fourth quarter.
- Today, announced our intent to acquire Sontiq, a leading provider of consumer identity protection services; the transaction is expected to close in the fourth quarter.
- Today, announced our intent to sell our Healthcare business; the transaction is targeted to close in the fourth quarter.
Total revenue for the quarter was $792 million, an increase of 14 percent (13 percent on a constant currency basis, 12 percent on an organic constant currency basis) compared with the third quarter of 2020.
Net income attributable to TransUnion was $114 million for the quarter, compared with $103 million for the third quarter of 2020. Diluted earnings per share was $0.59, compared with $0.53 for the third quarter of 2020.
Adjusted Net Income was $194 million for the quarter, compared with $156 million for the third quarter of 2020. Adjusted Diluted Earnings per Share for the quarter was $1.01, compared with $0.81 for the third quarter of 2020.
Adjusted EBITDA was $327 million for the quarter, an increase of 21 percent (20 percent on a constant currency basis, 20 percent on an organic constant currency basis) compared with the third quarter of 2020. Adjusted EBITDA margin was 41.3 percent, compared with 38.8 percent for the third quarter of 2020.
“TransUnion delivered another strong quarter as the company benefited from new business wins, product innovation and broad market recovery,” said Chris Cartwright, President and CEO. “We also announced important strategic transactions that further position TransUnion for long-term growth as we focus on improving identity verification and targeting precision to enable safe, tailored consumer experiences. Notably, we agreed to acquire Neustar, a premier identity resolution company with leading solutions in Marketing, Fraud and Communications. We also recently made investments in and established commercial agreements with Monevo, which delivers online pre-qualification services primarily in the U.K. and the U.S., and IDfy, an India-based provider of online identity verification, authentication and onboarding solutions.”
“And, today, we announced our intent to acquire Sontiq, which complements and expands our Consumer Interactive solutions portfolio by providing valuable identity protection for consumers. We also announced an agreement to sell our Healthcare business, which will provide significant net proceeds to help fund the strategic acquisitions we’ve announced, as well as allow the Healthcare business to benefit from ownership whose priorities are solely focused on healthcare revenue cycle management.”
“These strategic moves further strengthen our portfolio, create new growth vectors, and position TransUnion for attractive long-term growth.”
- U.S. Markets revenue was $498 million, an increase of 14 percent (12 percent on an organic basis) compared with the third quarter of 2020
- International revenue was $178 million, an increase of 23 percent (18 percent on a constant currency basis) compared with the third quarter of 2020
- Consumer Interactive Consumer Interactive revenue was $135 million, an increase of 3 percent compared with the third quarter of 2020.
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Source: TransUnion Earnings Release
