Dun & Bradstreet(DNB)

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DNB Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Dun & Bradstreet to Clearlake Capital
GlobeNewswire News Room· 2025-03-24 15:15
MONSEY, N.Y., March 24, 2025 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Dun & Bradstreet Holdings, Inc. (NYSE: DNB) (“DNB”) to Clearlake Capital for $9.15 per share in cash. Notably, as detailed below, the sale price is below the price target for DNB of at least seven Wall Street analysts (source: TipRanks). Additionally, the sale price is well below DNB’ 52-week high of $12.95 per share, and thus the deal appears highly opportunistic. If yo ...
$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Dun & Bradstreet Holdings, Inc. - DNB
Prnewswire· 2025-03-24 14:48
NEW YORK, March 24, 2025 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Dun & Bradstreet Holdings, Inc. (NYSE: DNB), relating to the proposed merger with Clearlake Capital Group, L.P. Under the terms of the agreement, Dun & Bradstreet shareholders will ...
Dun & Bradstreet Holdings: Uncertainty Amid Growth Struggles (Rating Downgrade)
Seeking Alpha· 2025-03-06 09:54
Group 1 - The ideal investment is characterized by core business operations in sectors expected to grow structurally at rates exceeding GDP growth over the next 5-10 years [1] - Profits should stem from sustainable competitive advantages that lead to attractive unit economics [1] - The investment should be managed by competent, ethical, and long-term thinkers, and should be fairly valued [1]
Dun & Bradstreet(DNB) - 2024 Q4 - Annual Report
2025-02-21 15:20
Revenue and Operations - The company generated approximately 31% of its total revenue from international operations for the years ended December 31, 2024, 2023, and 2022[368]. - The company generated $2,381.7 million in revenue for the year ended December 31, 2024, an increase of 2.9% from $2,314.0 million in 2023[391]. - Dun & Bradstreet's revenue is primarily generated from licensing data and providing related services, with a focus on Finance & Risk and Sales & Marketing solutions[411]. - The company operates through two segments: North America and International, providing analytics and business insights across various regions[413]. - Revenue recognition follows a five-step process, ensuring that revenue reflects the consideration expected in exchange for goods or services[417]. - The company recognizes revenue ratably for performance obligations satisfied over time, particularly for continuous access to data products[425]. - Revenue from licensing data to alliance partners is recognized upon delivery, with contract consideration often based on sales or usage-based royalties[432]. - Contracts often include multiple performance obligations, with transaction prices allocated based on relative standalone selling prices[433]. - Variable consideration is allocated to performance obligations if terms relate specifically to efforts in satisfying those obligations[434]. - Total future revenue allocated to unsatisfied performance obligations as of December 31, 2024, is $3,238.4 million, with $1,367.2 million expected in 2025[501]. - Total revenue recognized for the year ended December 31, 2024, was $2,381.7 million, representing an increase of 2.9% from $2,314.0 million in 2023[503]. - Revenue recognized at a point in time decreased to $957.6 million in 2024 from $972.4 million in 2023, while revenue recognized over time increased to $1,424.1 million from $1,341.6 million[503]. Financial Performance - Operating income for 2024 was $194.8 million, up from $140.3 million in 2023, reflecting a growth of 38.7%[391]. - The net loss attributable to Dun & Bradstreet Holdings, Inc. was $28.6 million for 2024, an improvement from a net loss of $47.0 million in 2023[391]. - Net income for 2024 was a loss of $24.5 million, an improvement from a loss of $43.7 million in 2023, but down from a profit of $4.1 million in 2022[398]. - The company incurred restructuring charges of $16.9 million in 2024, compared to $13.2 million in 2023, indicating an increase of 27.9%[391]. - The company reported total assets of $8,755.7 million as of December 31, 2024, down from $9,135.9 million in 2023, indicating a decrease of 4.2%[396]. - Total liabilities decreased to $5,441.3 million in 2024 from $5,704.3 million in 2023, a reduction of 4.6%[396]. - Cash and cash equivalents increased to $205.9 million in 2024 from $188.1 million in 2023, representing a growth of 9.3%[396]. - The company’s accumulated deficit increased to $(839.7) million in 2024 from $(811.1) million in 2023[396]. - The company’s total stockholders' equity decreased to $3,298.5 million in 2024 from $3,419.1 million in 2023, a decline of 3.5%[396]. - The company reported a net loss of $47.0 million for the year ended December 31, 2023, compared to a net loss of $2.3 million in 2022[401]. - Total stockholders' equity decreased to $3,431.6 million as of December 31, 2023, down from $3,508.4 million at the end of 2022, reflecting a decline of approximately 2.2%[401]. - The company declared dividends totaling $87.5 million in 2023, an increase from $43.6 million in 2022[401]. - Payments of dividends increased to $87.5 million in 2024 from $86.1 million in 2023[398]. - The company reported deferred cloud computing arrangement implementation costs of $40.1 million and $36.9 million as of December 31, 2024 and 2023, respectively[461]. Debt and Interest - Total interest payments for the year ended December 31, 2024, were $214.5 million, with a weighted average interest rate of 5.920%[367]. - A 100 basis point increase or decrease in the weighted average interest rate on outstanding debt would result in an incremental increase or decrease in annual interest expense of approximately $31 million for the year ended December 31, 2024[367]. - Interest payments for 2024 were $214.5 million, slightly up from $213.3 million in 2023[398]. Foreign Exchange and Risk Management - The notional amounts of foreign exchange contracts were $583.5 million and $653.1 million as of December 31, 2024, and December 31, 2023, respectively[370]. - Realized gains and losses associated with foreign exchange contracts for the year ended December 31, 2024, were $32.7 million and $33.5 million, respectively[370]. - If exchange rates were to increase or decrease by 10% from year-end 2024 levels, unrealized losses or gains on foreign exchange forward contracts would be approximately $51 million[371]. - The company uses interest rate swaps to manage the impact of interest rate changes on earnings, aiming to mitigate future cash flow variations[366]. - The company’s foreign exchange forward contracts are primarily denominated in British pound sterling, Euro, Swedish Krona, and Norwegian Krone[369]. Pension and Employee Benefits - The benefit obligation at the beginning of 2024 was $1,417.5 million, decreasing to $1,309.3 million by the end of the year, reflecting a change of $108.2 million[536]. - The fair value of plan assets at the beginning of 2024 was $1,282.7 million, which decreased to $1,204.2 million by year-end, resulting in a net funded status of $(105.1) million[536]. - The accumulated benefit obligation decreased from $1,410.9 million in 2023 to $1,303.8 million in 2024[542]. - The company reported an actuarial gain of $63.8 million for the year ended December 31, 2024, primarily due to changes in discount rates and mortality assumptions[540]. - The net periodic pension cost for 2024 was $(17.5) million, compared to $(16.3) million in 2023[546]. - The underfunded accumulated benefit obligation decreased from $133.8 million in 2023 to $105.1 million in 2024[543]. - The company’s pension plans had a service cost of $1.7 million for the year ended December 31, 2024[546]. - The company recorded a settlement gain of $0.4 million for the year ended December 31, 2024[546]. - The total amount recognized in accumulated other comprehensive loss was $79.9 million for the year ended December 31, 2024[542]. - The projected benefit obligation discount rate increased to 5.23% for 2024 from 4.57% in 2023[551]. - The expected long-term return on plan assets is projected at 5.70% for 2024, up from 5.60% in 2023[551]. - The rate of compensation increase for determining projected benefit obligation is 2.88% for 2024, slightly up from 2.87% in 2023[551]. - The actuarial loss for 2024 is projected at $(4.8) million, compared to a gain of $1.1 million in 2023[547]. - The amortization of actuarial loss for 2024 is $(2.2) million, compared to $(0.7) million in 2023[547]. - The company applies a yield curve approach to measure the present value of pension plan obligations[553]. - The investment objective for the U.S. Qualified Plan is to achieve a long-term total return that matches the expected long-term rate of return assumption[556]. - The mortality assumption used is based on the PRI 2012 mortality table with adjustments for COVID-19 factors[554]. - The weighted average expected long-term return on plan assets was 5.60% for 2023, reflecting long-term capital market return forecasts[552]. - The company emphasizes long-term growth of principal while avoiding excessive risk to finance pension obligations[556]. Stockholder Equity and Compensation - The company’s weighted average number of shares outstanding-basic was 432.4 million in 2024, slightly up from 430.5 million in 2023[391]. - Stock-based compensation expense for 2024 was $67.6 million, a decrease from $83.4 million in 2023[516]. - The fair value of shares vested for restricted stock and restricted stock units in 2024 was $42.1 million, up from $30.9 million in 2023[527]. - Total unrecognized compensation cost related to non-vested restricted stock and restricted stock units was $42.2 million as of December 31, 2024[526]. - The increase in long-term contract assets from $18.0 million in 2023 to $32.8 million in 2024 was primarily due to new contract assets recognized[504]. - The weighted average grant date fair value per share of restricted stock and restricted stock units granted for 2023 was $11.27[526].
Dun & Bradstreet(DNB) - 2024 Q4 - Earnings Call Presentation
2025-02-20 19:42
Fourth Quarter & Full Year 2024 Financial Results February 20, 2025 Restricted Confidential Disclaimer This presentation contains statements that are not purely historical but are forward-looking statements, including statements regarding expectations, hopes, intentions or strategies regarding the future. Forward-looking statements are based on Dun & Bradstreet's management's beliefs, as well as assumptions made by, and information currently available to, them. Forward-looking statements can be identified b ...
Dun & Bradstreet(DNB) - 2024 Q4 - Earnings Call Transcript
2025-02-20 19:16
Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Q4 2024 Earnings Conference Call February 20, 2024 8:30 AM ET Company Participants Sean Anthony - Vice President-FP&A and Investor Relations Anthony Jabbour - Chief Executive Officer Bryan Hipsher - Chief Financial Officer Conference Call Participants Kyle Peterson - Needham George Tong - Goldman Sachs Faiza Alwy - Deutsche Bank Ashish Sabadra - RBC Patrick O'Shaughnessy - Raymond James Andrew Steinerman - JPMorgan Brendan Popson - Barclays Craig Huber - Huber Rese ...
Dun & Bradstreet (DNB) Lags Q4 Earnings and Revenue Estimates
ZACKS· 2025-02-20 14:45
Dun & Bradstreet (DNB) came out with quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.25%. A quarter ago, it was expected that this company would post earnings of $0.27 per share when it actually produced earnings of $0.27, delivering no surprise.Over the last four quarters, the company has not b ...
Dun & Bradstreet(DNB) - 2024 Q4 - Annual Results
2025-02-20 12:30
DUN & BRADSTREET REPORTS FOURTH QUARTER AND FULL YEAR 2024 FINANCIAL RESULTS JACKSONVILLE, Fla. - February 20, 2025: Dun & Bradstreet Holdings, Inc. (NYSE: DNB), a leading global provider of business decisioning data and analytics, today announced unaudited financial results for the fourth quarter and year ended December 31, 2024. A reconciliation of U.S. generally accepted accounting principles ("GAAP") to non-GAAP financial measures has been provided in this press release, including the accompanying table ...
Dun & Bradstreet Is A Conviction Buy On A Possible Bidding War
Seeking Alpha· 2025-02-10 16:49
News that Veritas Capital Management is considering an offer for Dun & Bradstreet Holdings, Inc. (NYSE: DNB ) sent the normally steady stock spiraling -7.4% on Friday, February 7, 2025. While takeover rumours are almost always positive for a target company's shares, in this particular case25 years+ in the financial/investment industry. Former Senior Managing Editor here at Seeking Alpha; the tail end of an ~11 year stint working for SA. Prior to this, I worked as a Treasury Manager for a large commodities f ...
Is Dun & Bradstreet (DNB) Stock Undervalued Right Now?
ZACKS· 2025-01-23 15:46
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are ...