- Mortgage Delinquencies Rising in Ontario Amidst Rising Consumer Debt - Equifax Canada Market Pulse Quarterly Consumer Credit Trends Report TORONTO, Feb. 25, 2025 (GLOBE NEWSWIRE) -- A growing financial divide is emerging across Canada, with some borrowers benefiting from lower interest rates while others struggle under mounting debt. According to Equifax Canada’s Q4 2024 Market Pulse Consumer Credit Trends Report, some Ontario mortgage holders are experiencing severe financial distress, with delinquencies ...

FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________ For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-06605 ____________________________________ EQUIFAX INC. (Exact name of registrant as specified in its chart ...

Have you assessed how the international operations of Equifax (EFX) performed in the quarter ended December 2024? For this credit reporting company, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. For inv ...

My previous investment thought on Equifax (NYSE: EFX ) was a buy rating because I thought the Feds cutting rates would boost mortgage demand, which should help EFX sustain its growth momentum. However, the macroeconomic backdrop is muchI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the mediu ...

Equifax Inc. (NYSE:EFX) Q4 2024 Earnings Conference Call February 6, 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 Manav Patnaik - Barclays Andrew Steinerman - JPMorgan Toni Kaplan - Morgan Stanley Faiza Alwy - Deutsche Bank Kyle Peterson - Needham Craig Huber - Huber Research Partners Jason Haas - Wells Fargo Owen Lau - ...

Core Insights - Equifax Inc. reported mixed fourth-quarter 2024 results, with earnings exceeding estimates while revenues fell short [1][2] Financial Performance - Adjusted earnings were $2.12 per share, surpassing the Zacks Consensus Estimate and reflecting a 17.1% increase year-over-year [2] - Total revenues reached $1.4 billion, missing the consensus estimate by 1.5% but growing 6.8% year-over-year [2] Segment Performance - Workforce Solutions segment revenues totaled $598.1 million, a 7% increase year-over-year, but missed estimates [3] - USIS segment revenues were $472.5 million, growing 10% year-over-year and beating expectations [4] - International division revenues amounted to $348.8 million, up 3% year-over-year, but lagged projections [5] - Latin America revenues increased 1% on a reported basis and 29% on a local-currency basis [6] Operating Results - Adjusted EBITDA for Q4 2024 was $501.9 million, a 12.5% increase year-over-year, with an adjusted EBITDA margin of 35.4% [7] - Workforce Solutions' adjusted EBITDA margin improved to 51.9% from 51.2% year-over-year [8] Balance Sheet & Cash Flow - Cash and cash equivalents at the end of Q4 were $169.9 million, down from $468.2 million at the end of Q3 [9] - Long-term debt decreased to $4.3 billion from $4.7 billion in the previous quarter [9] - Cash generated from operating activities was $324.8 million, with capital expenditures totaling $118.9 million [9] Guidance - For Q1 2025, Equifax expects revenues of $1.39-$1.42 billion, lower than the Zacks Consensus Estimate of $1.51 billion [10] - For 2025, revenue guidance was raised to $5.89-$6.01 billion, but still below the Zacks Consensus Estimate of $6.28 billion [11]

For Equifax, macro headwinds from a job market slowdown and the volatile mortgage market — where uneven loan demand has been a hallmark amid relatively high interest rates — have impacted top-line momentum and forward-looking guidance.As discussed during an earnings call with analysts Thursday (Feb. 6) and reported in a company presentation, the fourth quarter was pressured by those trends. Revenue growth slowed to 7% year on year but had been 9% as recently as mid-year.Forward-looking guidance took note of ...

Equifax (EFX) reported $1.42 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 7%. EPS of $2.12 for the same period compares to $1.81 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.44 billion, representing a surprise of -1.46%. The company delivered an EPS surprise of +0.95%, with the consensus EPS estimate being $2.10.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

Financial Data and Key Metrics Changes - In 2024, revenue increased by almost 8% on a reported and organic constant currency basis, aligning with the long-term growth framework of 8% to 12% [7] - Adjusted EPS was $7.29 per share, up over 8.5% compared to the previous year [7] - Free cash flow reached $813 million, up 58%, with cash conversion at 89% [8][51] - Adjusted EBITDA for the fourth quarter was $502 million, marking the first quarter in Equifax's history to exceed $500 million [15] Business Line Data and Key Metrics Changes - Workforce Solutions revenue grew by 7% in the quarter, primarily impacted by lower talent solutions and onboarding revenue due to a weaker hiring market [17] - Government revenue increased by 11%, consistent with expectations, while Employer Services revenue declined by 9% due to the hiring market's weakness [18][19] - USIS revenue rose over 10%, driven by strong mortgage performance, with mortgage revenue up 47% [20][22] - International revenue grew by 11% in constant currency, exceeding the long-term framework of 7% to 9% [25] Market Data and Key Metrics Changes - The U.S. mortgage revenue was up 29% in the quarter but showed a significant decline in late December and January due to rising mortgage rates [13][14] - The hiring market is expected to decline by about 8% in 2025 compared to 2024, with U.S. hard credit inquiries projected to decrease by 12% [28][29] - The dollar's strength negatively impacted revenue by approximately $75 million, affecting the overall growth rate by over 200 basis points [30] Company Strategy and Development Direction - The company is focused on leveraging its cloud transformation to drive growth, innovation, and new product development, with 85% of revenue now in the new Equifax cloud [9][52] - Equifax plans to return capital to shareholders through dividend growth and a multi-year share repurchase program starting in 2025 [8][36] - The company aims to maintain a vitality index above 10% in 2025, leveraging new products and AI capabilities [11][26] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the U.S. mortgage and hiring markets, which are expected to impact revenue growth in 2025 [28][50] - Despite these challenges, the company remains confident in its ability to deliver organic revenue growth in the long-term range of 7% to 10% as markets normalize [51] - The management expressed optimism about the future of the government business, highlighting a significant total addressable market of $5 billion [86] Other Important Information - The company has made significant progress in cloud data and technology transformation, which is expected to provide a competitive advantage moving forward [9][52] - Adjusted EBITDA margins are expected to increase by about 25 basis points in 2025, despite lower revenue growth levels [39] Q&A Session Summary Question: EWS margin guidance reconciliation - Management noted that the decline in the mortgage market and onboarding costs for new partners are impacting margins, but they expect to return to margin growth as markets recover [56][59] Question: Impact of mortgage and hiring headwinds on growth - Management confirmed that without these headwinds, growth would have been approximately 200 basis points higher, with a significant impact on EPS [63][64] Question: Government business outlook - Management indicated that while there are challenges due to changes in reimbursement programs, they expect government revenue growth to return to double digits in the second half of 2025 [69][70] Question: Mortgage revenue as a percentage of total revenue - Mortgage revenues accounted for 17.7% of total revenues in Q4 2024, with a focus on hard inquiries that correlate with loan originations [74][75] Question: Non-mortgage growth factors - Management highlighted that auto and financial services performed relatively well, but the significant difference in growth rates between quarters was due to strong sales in the previous quarter [80]

Equifax (EFX) came out with quarterly earnings of $2.12 per share, beating the Zacks Consensus Estimate of $2.10 per share. This compares to earnings of $1.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.95%. A quarter ago, it was expected that this credit reporting company would post earnings of $1.84 per share when it actually produced earnings of $1.85, delivering a surprise of 0.54%.Over the last four quarters, the co ...