Dun & Bradstreet(DNB)2025-05-01 11:30Revenue Growth - Dun & Bradstreet reported a 3.6% organic revenue growth for Q1 2025, with adjusted net earnings increasing by 6.9%[3] - Revenue for Q1 2025 was $579.8 million, an increase of 2.3% compared to $564.5 million in Q1 2024[31] - Total revenue for Q1 2025 was $579.8 million, an increase from $564.5 million in Q1 2024, representing a growth of 2.0%[39] - International revenue was $579.8 million, an increase of 2.7%, with adjusted EBITDA of $210.9 million, up 4.8% compared to the prior year[7] - Finance and Risk revenue grew by 4.1% to $216.6 million, while Sales and Marketing revenue increased by 1.6% to $181.4 million[8] Financial Performance - The company reported a GAAP net loss of $15.8 million for Q1 2025, an improvement from a net loss of $23.2 million in the prior year[7] - Net loss attributable to Dun & Bradstreet Holdings, Inc. was $15.8 million in Q1 2025, compared to a net loss of $23.2 million in Q1 2024, a reduction of 31.8%[31] - Adjusted net income for Q1 2025 was $90.9 million, up from $85.0 million in Q1 2024, indicating a growth of 4.6%[40] - Adjusted net earnings per diluted share increased to $0.21 in Q1 2025 from $0.20 in Q1 2024[40] Cash and Debt Management - As of March 31, 2025, Dun & Bradstreet had cash and cash equivalents of $241.3 million and total debt of $3,547.6 million[11] - Cash and cash equivalents increased to $241.3 million as of March 31, 2025, compared to $205.9 million at the end of 2024[34] - Total liabilities decreased to $5,434.5 million as of March 31, 2025, from $5,441.3 million at the end of 2024[33] - Interest expense decreased significantly to $52.9 million in Q1 2025 from $85.3 million in Q1 2024, a reduction of 38.0%[31] Operating Metrics - Operating income improved to $35.3 million in Q1 2025 from $16.6 million in Q1 2024, representing a 112.6% increase[31] - Adjusted EBITDA for Q1 2025 was $210.9 million, up from $201.3 million in Q1 2024, reflecting a margin increase to 36.4% from 35.7%[36] - The adjusted EBITDA margin for North America was 41.8%, while the international adjusted EBITDA margin was 36.4%[5][10] - Total operating costs for Q1 2025 were $411.1 million, compared to $396.4 million in Q1 2024, marking an increase of 3.7%[39] Shareholder Actions - Since the inception of the Stock Repurchase Program, 961,360 shares have been repurchased for $9.3 million, with no activity during Q1 2025[12] - The company will not declare or pay any dividends as part of the agreement with Clearlake[13] Future Guidance - The company has suspended forward-looking guidance due to a proposed transaction with Clearlake Capital Group[14] Other Financial Metrics - Deferred revenue increased to $660.7 million as of March 31, 2025, compared to $555.9 million at the end of 2024, indicating growth in future revenue recognition[33] - The weighted average number of shares outstanding (diluted) increased to 438.0 million in Q1 2025 from 435.7 million in Q1 2024[40] - The company incurred restructuring charges of $2.9 million in Q1 2025, slightly down from $3.4 million in Q1 2024[40] - Incremental amortization of intangible assets was $102.5 million in Q1 2025, down from $110.8 million in Q1 2024[40]