Equifax(US:EFX)2024-04-18 13:30Financial Performance & Guidance - Equifax's Q1 revenue was at the high end of guidance, with adjusted EPS above guidance[79] - The company is maintaining its full-year 2024 guidance, projecting approximately 10.5% overall constant currency revenue growth, with non-mortgage growth of 10%+[79] - Q2 2024 revenue is guided to be between $1.41 billion and $1.43 billion, representing a 7.0% to 8.5% increase year-over-year[51] - Adjusted EPS for Q2 2024 is projected to be $1.65 to $1.75 per share, a (3.5%) to 2.3% change year-over-year[51] - Full year 2024 revenue is projected to be between $5.67 billion and $5.77 billion, a 7.7% to 9.6% increase year-over-year[53] - Adjusted EPS for full year 2024 is projected to be $7.20 to $7.50 per share, a 7.3% to 11.8% increase year-over-year[53] Segment Performance - USIS revenue increased by 10%[12], with mortgage revenue up 38% compared to a 19% decrease in US inquiries[12] - International revenue grew by 20% in constant currency, led by Europe and Brazil[5] - EWS non-mortgage verifier revenue grew by 15%[32] Strategic Initiatives - TWN records increased by 10%, reaching 172 million active records out of 670 million total records[4] - The company signed a significant payroll provider relationship, adding 6 million records[31] - Approximately 85% of new models and scores built in Q1 utilized AI/ML[6] - The company is focused on completing the EFX Cloud migration, aiming for 90% of revenue in the EFX Cloud by the end of 2024[79]