- 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 ...

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 ...

Equifax (EFX) Q4 2024 Earnings Call February 06, 2025 08:30 AM ET Company Participants Trevor Burns - Senior Vice President of Corporate Investor RelationsMark Begor - CEOJohn Gamble - CFOScott Wurtzel - SVP - Equity ResearchMatthew O'Neill - Managing DirectorSimon Clinch - PartnerArthur Truslove - DirectorAdam Parrington - AVP Conference Call Participants Jeffrey Meuler - AnalystJeff Meuler - Senior Research AnalystManav Patnaik - Managing Director, Equity Research AnalystAndrew Steinerman - Equity Researc ...

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 ...

Revenue Performance - Fourth quarter 2024 revenue was $1.419 billion, a 7% increase on a reported basis and 9% on a local currency basis, driven by a strong 29% growth in U.S. Mortgage revenue[1] - Full-year 2024 revenue reached $5.681 billion, an 8% increase compared to 2023, with diluted EPS of $4.84, up from $4.40 in 2023[6] - Operating revenue for Q4 2024 was $1,419.4 million, a 7.0% increase from $1,326.5 million in Q4 2023[22] - For the twelve months ended December 31, 2024, operating revenue reached $5,681.1 million, representing a 7.9% increase from $5,265.2 million in 2023[23] - Total operating revenue for Q4 2024 was $1,419.4 million, representing a 7% increase from $1,326.5 million in Q4 2023[26] - For the full year 2024, total operating revenue reached $5,681.1 million, an 8% increase from $5,265.2 million in 2023[35] Earnings and Profitability - Adjusted EPS for the fourth quarter of 2024 was $2.12, a 17% increase compared to the same quarter in 2023[16] - Basic earnings per share for Q4 2024 were $1.40, a 30.8% increase from $1.07 in Q4 2023[22] - Adjusted net income attributable to Equifax for Q4 2024 was $264.9 million, an 18% increase from $225.4 million in Q4 2023[31] - Revenue for the year ended December 31, 2024, was $5,681.1 million, with an operating income of $1,042.1 million[39] - Adjusted EBITDA for the year ended December 31, 2024, was $1,836.1 million, with an adjusted EBITDA margin of 32.3%[39] Cash Flow and Dividends - Free cash flow for 2024 was $813 million, up 58% from 2023, positioning the company to grow dividends and return cash to shareholders in 2025[3] - Cash provided by operating activities for the twelve months ended December 31, 2024, was $1,324.5 million, compared to $1,116.8 million in 2023[25] - Dividends per common share remained stable at $0.39 for Q4 2024, consistent with Q4 2023[22] Revenue Growth by Segment - Workforce Solutions revenue grew 7% in Q4 2024, with Verification Services revenue up 10%, while Employer Services revenue declined 9%[10] - USIS revenue increased over 10% in Q4 2024, driven by a 47% growth in Mortgage revenue[10] - International revenue grew 11% on a local currency basis in Q4 2024, with Latin America showing a 29% increase[10] - Latin America operating revenue for the full year 2024 increased by 32% to $384.9 million, compared to $290.9 million in 2023[26] - Total international revenue for the full year 2024 was $1,354.3 million, a 10% increase from $1,229.0 million in 2023[26] Guidance and Future Expectations - The company expects full-year 2025 revenue guidance midpoint of $5.950 billion, reflecting a 4.7% increase on a reported basis and 6% organic constant currency growth[2] - The 2025 guidance reflects an expected 12% decline in U.S. hard mortgage credit inquiries compared to a 10% decline in 2024[2] - The guidance for Q1 2025 indicates a decline of approximately 13% in total U.S. mortgage hard pull credit inquiries year-over-year[29] Expenses and Liabilities - Total operating expenses for the twelve months ended December 31, 2024, were $4,639.0 million, an increase of 7.1% compared to $4,331.6 million in 2023[23] - Total assets decreased to $11,759.4 million as of December 31, 2024, down from $12,280.0 million in 2023[24] - Total liabilities decreased to $6,839.8 million as of December 31, 2024, from $7,592.5 million in 2023[24] Other Financial Metrics - The adjusted EBITDA for Q4 2024 was $501.9 million, reflecting a 12% increase from $446.6 million in Q4 2023[35] - The adjusted EBITDA margin improved to 35.4% in Q4 2024, compared to 33.7% in Q4 2023[35] - The company recorded acquisition-related amortization expense of $261.1 million for the full year 2024, a 4% increase from $250.7 million in 2023[31] - The company recorded a foreign currency loss of $0.3 million in Q4 2024, a reduction of 77% from $1.3 million in Q4 2023[35]