TransUnion (NYSE:TRU) FY Conference September 09, 2025 10:30 AM ET Company ParticipantsChristopher Cartwright - President, CEO & DirectorConference Call ParticipantsManav Patnaik - MD & Equity Research AnalystManav PatnaikAll right. Good morning, everybody. Let's get this started. Thank you for being here. My name is Manu Patnaik. I'm Barclays' Business and Information Services Analyst, for those of you who don't know me. I'm glad to kick off day two here on our side of the universe with TransUnion, and we ...

Key Takeaways TRU outperformed with 15.5% gains versus the industry's 5.2% decline.Earnings beat estimates in each of the four trailing quarters, averaging 4.8%Insurance data demand and BCD solution awards boost TRU's growth.TransUnion (TRU) is one of the leading global providers of risk and information solutions, which has performed extremely well over the past six months and has the potential to sustain momentum in the near term. If you have not taken advantage of the share price appreciation yet, you sho ...

TAMPA, Fla.--(BUSINESS WIRE)--TRU Simulation + Training Inc., a Textron Inc. (NYSE:TXT) company, and an affiliate of Bell Textron Inc., announced today its cutting-edge Veris Virtual Reality Flight Simulator received Federal Aviation Administration (FAA) qualification. Now qualified as a Level 7 Flight Training Device (FTD), the Veris is also designed to meet European Union Aviation Safety Agency (EASA) FTD Level 3 standards, with EASA qualification expected later this year. This milestone furt. ...

Core Viewpoint - S&P Dow Jones Indices will implement changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective September 22, 2025, to enhance market capitalization representation [1][2]. Changes Summary - **S&P 100 Changes**: - Addition of Uber Technologies (Ticker: UBER) in the Industrials sector - Deletion of Charter Communications (Ticker: CHTR) from the index [2][3]. - **S&P 500 Changes**: - Additions: - AppLovin (Ticker: APP) in the Information Technology sector - Robinhood Markets (Ticker: HOOD) in the Financials sector - Emcor Group (Ticker: EME) in the Industrials sector - Deletions: - MarketAxess Holdings (Ticker: MKTX) in the Financials sector - Caesars Entertainment (Ticker: CZR) in the Consumer Discretionary sector - Enphase Energy (Ticker: ENPH) in the Information Technology sector [2][3]. - **S&P MidCap 400 Changes**: - Additions: - Nutanix (Ticker: NTNX) in the Information Technology sector - TransUnion (Ticker: TRU) in the Industrials sector - MP Materials (Ticker: MP) in the Materials sector - Kratos Defense & Security Solutions (Ticker: KTOS) in the Industrials sector - Deletions: - Emcor Group (Ticker: EME) in the Industrials sector - The Wendy's Company (Ticker: WEN) in the Consumer Discretionary sector - Acadia Healthcare Company (Ticker: ACHC) in the Health Care sector - ManpowerGroup (Ticker: MAN) in the Industrials sector [3][4]. - **S&P SmallCap 600 Changes**: - Additions: - MarketAxess Holdings (Ticker: MKTX) in the Financials sector - Caesars Entertainment (Ticker: CZR) in the Consumer Discretionary sector - Enphase Energy (Ticker: ENPH) in the Information Technology sector - The Wendy's Company (Ticker: WEN) in the Consumer Discretionary sector - Acadia Healthcare Company (Ticker: ACHC) in the Health Care sector - Noble Corporation (Ticker: NE) in the Energy sector - Q2 Holdings (Ticker: QTWO) in the Information Technology sector - Waystar Holding (Ticker: WAY) in the Health Care sector - Hecla Mining (Ticker: HL) in the Materials sector - Deletions: - MP Materials (Ticker: MP) in the Materials sector - Kratos Defense & Security Solutions (Ticker: KTOS) in the Industrials sector - ProPetro Holding (Ticker: PUMP) in the Energy sector - Xerox Holdings (Ticker: XRX) in the Information Technology sector - TechTarget (Ticker: TTGT) in the Communication Services sector - Mesa Laboratories (Ticker: MLAB) in the Health Care sector - Owens & Minor (Ticker: OMI) in the Health Care sector - B&G Foods (Ticker: BGS) in the Consumer Staples sector - Jack in the Box (Ticker: JACK) in the Consumer Discretionary sector - Simulations Plus (Ticker: SLP) in the Health Care sector [3][4].

Core Insights - Stock markets are reaching new records as investor confidence grows regarding potential Federal Reserve rate cuts due to a softening labor market and rising inflation from tariffs [1] Company Summaries - **Halozyme Therapeutics, Inc. (HALO)**: A biopharmaceutical company focused on oncology treatments and drug delivery technology. Expected earnings growth of 46.1% in 2025, with a 9.1% increase in broker ratings over the past four weeks. Currently holds a Zacks Rank 1 [7][8][10] - **Leidos Holdings, Inc. (LDOS)**: A global leader in science and technology serving defense, intelligence, civil, and health markets. Projected earnings growth of 9.2% in 2025, with a 5.6% increase in broker ratings over the past four weeks. Currently holds a Zacks Rank 2 [9][11][10] - **TransUnion (TRU)**: A leading provider of risk and information solutions. Expected earnings growth of 4.1% in 2025, with a 5% increase in broker ratings over the past four weeks. Currently holds a Zacks Rank 2 [11][12][10]

Group 1 - TransUnion's President and CEO, Chris Cartwright, will present at the Barclays Global Financial Services Conference on September 9, 2025, at 9:30 a.m. CT [1] - A live webcast of the presentation will be available on the TransUnion Investor Relations website, with a replay accessible after the event [1] Group 2 - TransUnion operates globally with over 13,000 associates in more than 30 countries, focusing on providing reliable representation of individuals in the marketplace [2] - The company has expanded its services beyond core credit into marketing, fraud, risk, and advanced analytics through acquisitions and technology investments [2] - TransUnion promotes the concept of "Information for Good®," which aims to create economic opportunities and empower consumers and businesses [2]

Core Points - TransUnion experienced a data breach that compromised the personal and confidential information of approximately 4,461,511 individuals [2][4] - The breach was identified on July 30, 2025, when suspicious activity was detected on a third-party application [2] - Murphy Law Firm is investigating claims and evaluating legal options, including a potential class action lawsuit for affected individuals [1][3][4] Data Breach Details - Cybercriminals accessed sensitive personal information through an inadequately secured application [2] - The exposed information includes names, Social Security numbers, and dates of birth [5] - There is a risk that the compromised information may be sold on the dark web or used for identity theft [4] Legal Actions - Murphy Law Firm is actively seeking individuals affected by the breach to join a class action lawsuit [1][3] - The firm specializes in data breach class actions and has a history of securing favorable recoveries for clients [4]

Core Points - TransUnion LLC experienced a data breach in July 2025, potentially compromising personal information of customers, including names and Social Security numbers [1][2] - Wolf Haldenstein Adler Freeman & Herz LLP is investigating claims on behalf of affected individuals and is notifying them about the breach [1][2] Company Overview - TransUnion is headquartered in Chicago, Illinois, and is a major player in consumer credit reporting [1] - Wolf Haldenstein Adler Freeman & Herz LLP is a national consumer rights law firm with experience in consumer rights litigation across various courts [4]

Core Points - TransUnion has reported a data breach affecting over 4.4 million customers' personal information [1][2] - The breach occurred on July 28 and was attributed to unauthorized access of a third-party application [1] - TransUnion claims that no credit information was accessed, but has not provided evidence to support this assertion [2] - The specific types of personal data stolen have not been disclosed [2] - TransUnion is one of the largest credit reporting agencies in the U.S., storing financial data for over 260 million Americans [3] - The breach follows a series of hacks targeting major U.S. corporations across various industries [3] - Other companies, including Google and Allianz Life, have also reported data breaches related to their Salesforce-hosted cloud databases [4] - The identity of the hackers behind the TransUnion breach remains unclear, and it is unknown if any demands were made [4]

Core Insights - Serious consumer-level mortgage delinquency rates have increased from 0.89% in Q2 2023 to 1.27% in Q2 2025, indicating a rising trend despite historically low levels [1] - The analysis by TransUnion highlights a direct correlation between payment-to-income (PTI) ratios and mortgage delinquency, suggesting that higher PTI ratios can signal increased risk of delinquency [1][3] Group 1: Mortgage Delinquency Trends - Mortgage delinquency rates have risen gradually, with 60+ days past due (DPD) rates increasing from 0.89% in Q2 2023 to 1.14% in Q2 2024 and further to 1.27% in Q2 2025 [1] - The study focused on nearly 57 million mortgage consumers who were current on their loans, providing a relevant sample for assessing emerging risk factors [2] Group 2: Payment-to-Income Ratios - A strong link was found between changes in PTI for non-mortgage products, such as credit cards, and subsequent increases in mortgage delinquency rates in the following year [3] - As PTI ratios for credit cards increased from 2.18 in March 2023 to 2.33 in December 2023, the 60+ DPD mortgage delinquency rates also rose from 0.42% to 0.63% in the same period [4] Group 3: Implications for Lenders - Mortgage lenders are encouraged to implement a proactive schedule for collecting consumers' cross-wallet credit data to gain early insights into emerging risks of mortgage delinquency [5] - Utilizing trended credit data can help lenders identify shifts in key attributes such as aggregate excess payment and debt-to-income ratios, allowing for timely interventions [6][7]