CALGARY, Alberta, May 07, 2025 (GLOBE NEWSWIRE) -- Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) ("Enerflex" or the "Company"), announces that at its Annual Meeting of Shareholders (the "Meeting") held virtually on May 7, 2025, Enerflex’s shareholders approved the election of all 8 nominee directors presented in the Company’s Management Information Circular dated March 21, 2025. The shares represented at the Meeting voting on individual nominee directors were as follows: ApprovalAgainstDirectorVotes ForPercenta ...

Core Insights - Equifax has launched the myEquifax mobile application for Android and iPhone, allowing consumers to monitor their financial health conveniently [1][2] - The app provides features such as viewing credit reports, managing credit freezes, and setting credit score milestones [3][4] - The Equifax Cloud, which supports the app, represents a significant investment of over $1.5 billion and enhances the security and reliability of the services offered [4] Application Features - Users can access their VantageScore 3.0 credit score and track their credit journey through the "My Journey" section [3] - The app includes secure biometric authentication and access to educational resources about the credit system [3] - Future updates will introduce personalized finance feedback and insights to further assist users in understanding their credit [5] Company Overview - Equifax operates globally with nearly 15,000 employees and has investments in 24 countries across various regions [5] - The company emphasizes the importance of knowledge in driving progress and supports financial institutions and government agencies in making informed decisions [5]

Group 1 - Equifax will host its 2025 Investor Day on June 17, 2025, at 9:00 a.m. ET in New York City [1] - The event will include presentations from the senior leadership team discussing the EFX2027 Strategic Priorities, focusing on new Cloud capabilities, product innovation, and investments in data and analytics [2] - The event is expected to conclude around 12:00 p.m. ET and will be webcast live for investors and analysts [2][3] Group 2 - Equifax is a global data, analytics, and technology company that supports critical decision-making for financial institutions, companies, and government agencies [4] - The company operates or has investments in 24 countries across North America, Central and South America, Europe, and the Asia Pacific region, employing nearly 15,000 people worldwide [4]

Investors interested in Consulting Services stocks are likely familiar with Information Services Group (III) 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 targets companies with positive ...

Core Viewpoint - The investment outlook for Equifax (EFX) has been downgraded to a hold rating due to concerns about the near-term performance, particularly influenced by high mortgage rates [1] Group 1: Investment Strategy - The investment approach focuses on bottom-up analysis, assessing the fundamental strengths and weaknesses of individual companies [1] - The investment duration is medium to long-term, aiming to identify companies with solid fundamentals, sustainable competitive advantages, and growth potential [1] Group 2: Market Conditions - Current market conditions, particularly high mortgage rates, are a significant factor affecting the near-term outlook for Equifax [1]

Core Insights - Equifax experienced stronger-than-expected growth in the first quarter, driven by demand for data in hiring, consumer lending, and mortgages, with revenue exceeding guidance by $37 million [1] Group 1: Revenue Performance - Two-thirds of the revenue outperformance came from the non-mortgage business, while one-third was attributed to the mortgage business [2] - Non-Mortgage revenue grew by 6%, supported by strong performance in Talent Solutions and Consumer Lending, along with better-than-expected gains in the Government sector [2] - The U.S. Mortgage business reported a 7% revenue growth during the quarter [2] Group 2: Factors Driving Growth - Growth in the mortgage sector was linked to increased penetration and performance of mortgage pre-qualification and pre-approval products, with market conditions being about 400 basis points better than expected [3] - A decline of approximately 30 basis points in mortgage rates in late February and March contributed to higher refinancing activity [3] - Talent Solutions revenue increased by 12%, attributed to improved hiring volumes and easier year-over-year comparisons [4] Group 3: Future Outlook - The company sees growth opportunities in the Government sector due to the new administration's focus on efficiency [4] - Despite outperforming guidance, Equifax maintained its full-year 2025 guidance due to macroeconomic uncertainties, particularly related to tariffs [5][6] - The company indicated that under normal circumstances, it would have increased its 2025 revenue and adjusted EPS guidance, but chose to maintain current levels due to economic uncertainties [6]

Financial Performance - Operating revenue for Q1 2025 was $1,442.0 million, a 3.8% increase from $1,389.4 million in Q1 2024[13] - Consolidated net income attributable to Equifax for Q1 2025 was $133.1 million, up from $124.9 million in Q1 2024, representing a 1.6% increase[13] - Basic earnings per share increased to $1.07 in Q1 2025 from $1.01 in Q1 2024, reflecting a 5.9% growth[13] - Consolidated income before income taxes for Q1 2025 was $185.4 million, up from $166.6 million in Q1 2024, representing an 11.8% increase[86] - Operating income for Q1 2025 was $395.2 million, a 4.8% increase from $379.6 million in Q1 2024[86] Assets and Liabilities - Total assets as of March 31, 2025, were $11,854.8 million, compared to $11,759.4 million at the end of 2024, indicating a 0.8% increase[19] - Total liabilities decreased to $6,742.3 million as of March 31, 2025, from $6,839.8 million at the end of 2024, a reduction of 1.4%[19] - The total equity for Equifax as of March 31, 2025, was $4,999.8 million, up from $4,814.4 million at the end of 2024, indicating a growth of about 3.8%[26] - Total debt outstanding as of March 31, 2025, was $4,989.7 million, a decrease from $5,037.7 million at December 31, 2024[61] Cash Flow and Expenditures - Cash and cash equivalents rose to $195.2 million at the end of Q1 2025, up from $169.9 million at the end of 2024, a 15.4% increase[19] - Cash provided by operating activities for Q1 2025 was $223.9 million, down from $252.7 million in Q1 2024, a decline of 11.4%[22] - Capital expenditures for Q1 2025 were $107.2 million, compared to $131.9 million in Q1 2024, a decrease of 18.8%[22] - Total capital expenditures for Q1 2025 were $101.2 million, down 18.9% from $124.7 million in Q1 2024[87] Shareholder Returns - Dividends paid to Equifax shareholders remained stable at $0.39 per share for both Q1 2025 and Q1 2024[13] - Equifax's cash dividends paid were $48.7 million for the three months ended March 31, 2025, consistent with the previous year, maintaining a dividend of $0.39 per share[26] Foreign Currency and Adjustments - The company reported a foreign currency translation adjustment of $65.4 million in Q1 2025, compared to a loss of $95.4 million in Q1 2024[17] - The effect of foreign currency translation on redeemable noncontrolling interests was a gain of $7.6 million for the three months ended March 31, 2025[50] Segment Performance - Verification Services revenue increased by 5% to $502.2 million, while Employer Services revenue decreased by 8% to $116.4 million[54] - The company operates through three reportable segments: Workforce Solutions, U.S. Information Solutions, and International[81] Other Financial Metrics - The allowance for doubtful accounts increased to $18.2 million as of March 31, 2025, compared to $16.4 million at the end of March 2024, representing a rise of approximately 10.9%[43] - The fair value of Equifax's long-term debt was reported at $4.6 billion as of March 31, 2025, compared to $4.5 billion at the end of 2024[38] - The accumulated other comprehensive loss decreased to $657.3 million as of March 31, 2025, from $722.7 million at the end of 2024, showing an improvement of approximately 9.1%[29] Legal and Regulatory Matters - The company entered into a consent order with the CFPB, resulting in a $15 million civil money penalty related to consumer disputes[64] - The company is involved in legal and regulatory matters, with accruals recorded for probable losses that can be reasonably estimated[73] Restructuring and Charges - The company recorded $1.4 million in restructuring charges during the three months ended March 31, 2025, related to contract terminations[78] - Total restructuring charges for the twelve months ended December 31, 2024, amounted to $48.0 million, primarily for technology transformation efforts[79] - The company reported a liability balance of $10.7 million related to restructuring charges as of March 31, 2025[80] Market and Risk Exposure - There were no material changes to the company's market risk exposure during the three months ended March 31, 2025[164]

Equifax Inc. (NYSE:EFX) Q1 2025 Results Conference Call April 22, 2025 8:30 AM ET Company Participants Trevor Burns - Senior Vice President, Head of Corporate Investor Relations Mark Begor - Chief Executive Officer John Gamble - Chief Financial Officer Conference Call Participants Jeff Muller - Baird Andrew Steinerman - JPMorgan Brendan Popson - Barclays Toni Kaplan - Morgan Stanley Kyle Peterson - Needham Shlomo Rosenbaum - Stifel Andrew Nicholas - William Blair Jason Haas - Wells Fargo David Paige - RBC C ...

Equifax Inc. (EFX) has reported impressive first-quarter 2025 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate.EFX’s adjusted earnings were $1.53 per share, outpacing the Zacks Consensus Estimate by 9.3% and increasing 2% from the year-ago quarter. Total revenues of $1.4 billion surpassed the consensus estimate by 1.9% and grew 3.8% on a year-over-year basis. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Equifax shares have declined 19.8% over the past ...

Equifax (EFX) reported $1.44 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 3.8%. EPS of $1.53 for the same period compares to $1.50 a year ago.The reported revenue represents a surprise of +1.89% over the Zacks Consensus Estimate of $1.42 billion. With the consensus EPS estimate being $1.40, the EPS surprise was +9.29%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expect ...