Core Insights - Equifax Canada is dedicated to enhancing financial inclusion and access to fair credit opportunities for Canadians by exploring non-traditional data sources for credit scoring [1][2] - The company is analyzing the potential impact of including payday loan data in credit histories, which could benefit consumers with limited credit histories or those previously unbanked [2][3] - Utilizing alternative data may lead to improved credit scores for consumers who demonstrate responsible repayment of payday loans, resulting in better loan terms and interest rates [3] Company Overview - Equifax operates as a global data, analytics, and technology company, playing a crucial role in the global economy by assisting various entities in making informed decisions [4] - The company is headquartered in Atlanta and employs nearly 15,000 individuals, with operations or investments in 24 countries across multiple regions [4]

Core Insights - Equifax Canada is dedicated to enhancing financial inclusion and access to fair credit opportunities for Canadians by exploring non-traditional data sources for credit scoring [1][2] - The company is analyzing the potential impact of including payday loan data in credit histories, which could improve credit visibility for consumers with limited or no credit history [2][3] - Utilizing alternative data may lead to better credit scores for consumers who responsibly repay payday loans, resulting in improved loan terms and interest rates from lenders [3] Company Overview - Equifax operates as a global data, analytics, and technology company, playing a crucial role in the global economy by assisting various entities in making informed decisions [4] - The company is headquartered in Atlanta and employs nearly 15,000 individuals across 24 countries in North America, Central and South America, Europe, and the Asia Pacific region [4]

Core Insights - Equifax (EFX) has shown strong stock performance, gaining 21.6% over the past year, outperforming the industry average of 17.2% [1] - The company reported mixed first-quarter 2024 results, with adjusted earnings of $1.5 per share, exceeding estimates by 4.2% and increasing 4.9% year-over-year, while total revenues of $1.4 billion slightly missed consensus but rose 6.7% from the previous year [1] Company Overview - Equifax provides diversified services across various sectors including finance, mortgage, consumer, employee, telecommunications, and automotive, which helps mitigate vulnerabilities by leveraging strengths in different areas [2] - The company focuses on expanding its customer base through multi-data solutions, enhancing its unique data assets and analytics capabilities [2] Service Offerings - The services offered by Equifax are essential for clients who utilize credit information and analytical services for processing applications for credit cards, loans, and other financial products [3] - Advanced statistical techniques are employed to evaluate data, providing tailored insights and decision-making solutions that help clients manage and protect their data [3] Strategic Acquisitions - Equifax's core business is bolstered by strategic acquisitions, such as the recent acquisition of Efficient Hire, which enhances its portfolio of employer and HR-focused solutions [4] Financial Performance - The company's global operations expose it to foreign exchange fluctuations, which have negatively impacted revenues by $51.2 million in 2023, $94.9 million in 2022, and $50.4 million in 2021 [5] - As of the end of first-quarter 2024, Equifax's current ratio was 0.73, down from 0.77 in the previous year, indicating potential challenges in meeting short-term obligations [6]

Core Viewpoint - Equifax reported mixed Q1 2024 results, with earnings exceeding estimates but revenues falling short, leading to a 14.9% increase in shares since the last earnings report, outperforming the S&P 500 [1][2]. Financial Performance - Adjusted earnings per share were $1.5, beating the Zacks Consensus Estimate by 4.2% and increasing 4.9% year-over-year. Total revenues were $1.4 billion, missing estimates but up 6.7% from the previous year [2]. - Adjusted EBITDA for Q1 2024 was $404.6 million, reflecting a 7% increase year-over-year, with an adjusted EBITDA margin of 29.1%, down 10 basis points from the prior year [6]. Segment Performance - Workforce Solutions segment revenues were $602.8 million, slightly missing estimates, with Verification Services revenues at $476.5 million, up 5% year-over-year, while Employer Services revenues declined by 10% [3]. - USIS segment revenues reached $465.3 million, up 10% year-over-year, exceeding estimates, with Online Information Solutions revenues increasing by 12% [4]. - International division revenues totaled $321.3 million, gaining 13% year-over-year but missing estimates, with notable growth in Latin America at 65% year-over-year [5]. Balance Sheet & Cash Flow - At the end of Q1, cash and cash equivalents were $201 million, down from $216.8 million in the previous quarter. Long-term debt remained stable at $4.7 billion [8]. - Cash generated from operating activities was $252.7 million, with capital expenditures totaling $131.9 million and dividends distributed amounting to $48.2 million [8]. Future Outlook - For Q2 2024, Equifax expects revenues between $1.41 billion and $1.43 billion, with adjusted EPS projected at $1.65 to $1.75. For the full year, revenues are anticipated to be between $5.67 billion and $5.77 billion, with adjusted EPS of $7.2 to $7.5 [10]. - Recent estimates have shown a downward trend, with a consensus estimate shift of -7.5% [11].

Rudy Ploder to Retire After 20 Years of Distinguished LeadershipATLANTA, May 6, 2024 /PRNewswire/ -- Equifax® (NYSE: EFX) today announced the appointment of Chad Borton as Executive Vice President and President of Workforce Solutions. Borton, who most recently served as President of SoFi Bank and Executive Vice President of SoFi Lending, succeeds Rudy Ploder, who is retiring from Equifax following 20 years of distinguished leadership. Chad Borton "Rudy leaves Workforce Solutions as our largest and faste ...

ATLANTA, May 2, 2024 /PRNewswire/ -- Equifax® (NYSE: EFX) today announced that Barbara Larson, former Chief Financial Officer for Workday, has been elected to its board of directors. Barbara Larson "I'm energized to welcome Barbara as a new independent director on our board," said Mark W. Begor, CEO of Equifax. "Her more than two decades of financial leadership and extensive experience in both human capital management and enterprise technology will be a tremendous asset to Equifax as we execute against ...

ATLANTA, April 29, 2024 /PRNewswire/ -- Equifax® (NYSE: EFX) will participate in several upcoming investor conferences in May. Mark. W. Begor, Chief Executive Officer, and John Gamble, Chief Financial Officer, will attend the Barclays Americas Select Franchise Conference on Tuesday, May 7, 2024, including participation in a Fireside Chat at 5:45 A.M. Eastern Time; the Bernstein 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024, including participation in a Fireside Chat at 11:00 A.M. Eas ...

Investors interested in stocks from the Financial Transaction Services sector have probably already heard of PagSeguro Digital Ltd. (PAGS) and Equifax (EFX) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that ta ...

New Solution Helps Employers Keep Up with Changing Regulations and Better Streamline the Employee Forms Experience  ATLANTA, April 24, 2024 /PRNewswire/ -- Equifax® (NYSE: EFX) Workforce Solutions continues to help businesses transform the employee experience with the launch of Forms HQ, a new offering designed to help automate the delivery, completion, and tracking of essential employee forms, including those related to onboarding, tax withholding, state requirements, annual notices, offboarding and more. ...

TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Equifax® Canada, a global data, analytics, and technology company, is committed to helping people live their financial best and to take steps to further financial inclusion for people in Canada with the continued support of rent reporting in credit scores. As the largest consumer credit bureau in Canada, Equifax strives to empower economically healthy individuals and financially inclusive communities worldwide. The inclusion of rental payments in credit scores is ...