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Dun & Bradstreet(DNB) - 2023 Q1 - Quarterly Report
2023-05-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-39361 Dun & Bradstreet Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 83-2008699 (State of incorporation) (I.R.S. Employer Identific ...
Dun & Bradstreet(DNB) - 2022 Q4 - Annual Report
2023-02-22 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-39361 Dun & Bradstreet Holdings, Inc. (Exact name of registrant as specified in its charter) | Delaware | 83-2008699 | | --- | --- | | (State of incorporation) | (I.R.S. ...
Dun & Bradstreet(DNB) - 2022 Q4 - Earnings Call Transcript
2023-02-16 18:39
Financial Data and Key Metrics Changes - In Q4 2022, total revenues were $595 million, a decrease of 1% year-over-year, but an increase of 3% before the effect of foreign exchange [38] - For the full year 2022, revenues were $2,225 million, an increase of 3% or 6% before the effect of foreign exchange [39] - Adjusted EBITDA for Q4 was $250 million, an increase of 3%, while full year adjusted EBITDA was $864 million, an increase of 2% [40][72] - Full year adjusted net income was $472 million, or adjusted diluted earnings per share of $1.10, unchanged from 2021 [42] Business Line Data and Key Metrics Changes - Financial risk solutions grew 5.2% in 2022, with North America finance and risk revenues increasing 8% when excluding government revenues [44][45] - Sales and marketing revenues for North America increased by 8% to $720 million, driven by acquisitions [75] - International segment revenues for 2022 were $638 million, a decrease of 5%, but an increase of 5% before foreign exchange effects [47] Market Data and Key Metrics Changes - North America revenues for 2022 were $1,587 million, an increase of 6% from the prior year, while international organic revenues increased by 5.4% [25][44] - The international finance and risk revenues for the full year were $419 million, a decrease of 3%, but a 6% increase before foreign exchange [78] Company Strategy and Development Direction - The company plans to continue optimizing its solution set and maximize value extraction from current and future customers [13] - There is a focus on migrating clients to modern solutions and enhancing product offerings, particularly in supply chain and third-party risk [15][64] - The company aims to deepen its penetration in the small and micro business segment while continuing to expand relationships with large enterprises [62][118] Management's Comments on Operating Environment and Future Outlook - Management noted a challenging macro environment but expressed confidence in the company's ability to drive growth within its existing client base [13][55] - The company expects total revenues in 2023 to be in the range of $2,260 million to $2,300 million, reflecting a growth of 1.6% to 3.4% [51] - Management highlighted the importance of digitalization and innovation as key opportunities for growth [34][66] Other Important Information - The company ended 2022 with total debt principal of $3,647 million and a leverage ratio of 4.0 times [80] - Adjusted EBITDA margin for the full year was 39%, a decrease of 20 basis points compared to the prior year [42] Q&A Session Summary Question: What is the impact of the GSA on the first quarter? - The first quarter is expected to be most impacted by the GSA, with a headwind of approximately 110 basis points [57] Question: What is the outlook for free cash flow in 2023? - Free cash flow is expected to improve as restructuring and M&A costs decrease, despite increased interest expenses [58][90] Question: Was the slowdown in December broad-based? - The slowdown was primarily isolated to sales and marketing, particularly in master data management, but has since normalized [60][93] Question: How is pricing evolving in 2023? - Pricing is expected to improve as clients migrate to modern platforms, allowing for better cross-selling opportunities [99] Question: What is the expected growth between North America and International in 2023? - A tougher backdrop is anticipated in 2023, with growth expected to be more challenging compared to previous years [103]
Dun & Bradstreet(DNB) - 2022 Q3 - Earnings Call Transcript
2022-11-05 02:25
Financial Data and Key Metrics Changes - Adjusted revenues for the total company grew 2.7% or 6.6% before the effects of foreign currency, with organic constant currency growth at 3.9% [6][44] - Third quarter revenues were $556 million, an increase of $14 million or 3% compared to the prior year quarter, with net income at $8 million [44][45] - Adjusted EBITDA for the total company was $223 million, an increase of $3 million or 1%, with an adjusted EBITDA margin of 40% [46][47] Business Line Data and Key Metrics Changes - In North America, revenues for the third quarter were $404 million, an increase of 8%, with organic revenues increasing 3.8% [48] - Finance and Risk revenues in North America were $224 million, an increase of 5%, driven by strong growth in third-party and supply chain risk management solutions [49] - Sales and Marketing revenues in North America were $180 million, an increase of 12%, primarily driven by marketing solutions [50] - International segment revenues were $153 million, a decrease of 9%, but an increase of 3% on a constant currency basis, with organic revenues increasing 4.3% [52] Market Data and Key Metrics Changes - North America segment grew 4% overall, while International markets had consistent growth of 4% on an organic constant currency basis [8][11] - European and Asian businesses are focusing on tightening credit and compliance standards due to current geopolitical and financial conditions [11] Company Strategy and Development Direction - The company aims to innovate solutions and localize throughout the world, increase wallet share with strategic clients, and monetize the small business channel [12] - The focus is on delivering long-term value through product innovation, with significant progress in the rollout of new solutions [13][14] - The company is expanding its data cloud to over 500 million DUNS, enhancing its capabilities in ESG data and risk analytics [18][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resiliency amid deteriorating macroeconomic conditions, highlighting a defensible growth profile [7] - The company anticipates continued organic growth and margin expansion, with a focus on driving increased value to clients [62] - The outlook for 2022 includes expected total adjusted revenues to increase by 5.5% to 6.5% on a constant currency basis [58] Other Important Information - The company has a strong balance sheet with cash and cash equivalents of $204 million and total debt of $3,651 million [55] - The weighted average interest rate was 4.8% as of September 30, 2022, with a leverage ratio of 4.0 times on a net basis [57] Q&A Session Summary Question: Comments on sales cycle and pricing pushback - Management noted a slight elongation of the sales cycle by about 10 days for smaller clients, but overall sales cycles remain stable [65] - Pricing discussions have focused more on quality rather than pushback, with 51% of revenue under multiyear contracts with built-in price escalators [66][67] Question: Margin expansion expectations - Management expects EBITDA margins to expand in both North America and International segments in Q4, driven by organic growth and the full-year impact of new acquisitions [68] Question: Impact of foreign exchange on costs - The company has a natural hedge due to international operations, which helps offset the impact of a strengthening US dollar on revenue [71][72] Question: Capital return plans - The company is focused on organic growth and M&A opportunities but is open to share repurchases if liquidity allows [74][75] Question: New product introductions and cross-sell success - Management highlighted positive feedback from clients regarding new innovations and is focused on building pipeline rather than closing deals at this stage [78] Question: ESG data opportunity - ESG is becoming a significant focus for clients, with the company seeing early sales and a large pipeline in this area [87][88] Question: Guidance for Q4 and 2023 - Management is confident in maintaining growth expectations for Q4, with a focus on executing against the original roadmap for mid-single-digit growth [94][111]
Dun & Bradstreet(DNB) - 2022 Q3 - Quarterly Report
2022-11-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |----------------------------------------------------------------------------------------|--------------------------------------------------------|------------------ ...
Dun & Bradstreet(DNB) - 2022 Q2 - Earnings Call Transcript
2022-08-06 14:50
Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Participants Ed Yuen - IR Anthony Jabbour - CEO Bryan Hipsher - CFO Conference Call Participants Kyle Peterson - Needham Hamzah Mazari - Jefferies Gustavo Gala - Truist Securities John Mazzoni - RBC Capital Markets Seth Weber - Wells Fargo Securities Manav Patnaik - Barclays Andrew Steinerman - JPMorgan Operator Good morning, and welcome to Dun & Bradstreet's Second Quarter 2022 Conference Call. As ...
Dun & Bradstreet(DNB) - 2022 Q2 - Quarterly Report
2022-08-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |--------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------- ...
Dun & Bradstreet(DNB) - 2022 Q1 - Earnings Call Transcript
2022-05-10 02:05
Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Q1 2022 Earnings Conference Call May 9, 2022 2:30 PM ET Company Participants Ed Yuen - Investor Relations Anthony Jabbour - Chief Executive Officer Bryan Hipsher - Chief Financial Officer Conference Call Participants Kyle Peterson - Needham Kevin McVeigh - Credit Suisse Hans Hoffman - Jefferies Ashish Sabadra - RBC Capital Markets Andrew Jeffrey - Truist George Tong - Goldman Sachs Andrew Steinerman - JPMorgan Heather Balsky - Bank of America Faiza Alwy - Deutsche ...
Dun & Bradstreet(DNB) - 2022 Q1 - Quarterly Report
2022-05-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-39361 Dun & Bradstreet Holdings, Inc. | --- | --- | |--------------------------------------------------------|------------------------------------------| | | | | (E ...
Dun & Bradstreet(DNB) - 2021 Q4 - Annual Report
2022-02-23 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-39361 | --- | --- | |--------------------------------------------------|--------------------------------------------| | Delaware | 83-2008699 | | (State of incorporation ...