Welcome to our dedicated page for Equifax news (Ticker: EFX), a resource for investors and traders seeking the latest updates and insights on Equifax stock.
Equifax Inc (NYSE: EFX) is a global leader in consumer credit reporting and data analytics, providing essential insights for financial institutions and businesses. This dedicated news hub offers investors and professionals centralized access to official updates and market-moving developments.
Find carefully curated press releases covering EFX's financial performance, technology innovations, and strategic partnerships. Our collection includes earnings announcements, regulatory updates, and progress reports on key initiatives like cloud migration and AI-driven product development.
Key areas of coverage include:
• Quarterly financial results
• Data security enhancements
• Workforce solutions expansion
• Global market initiatives
Bookmark this page for streamlined tracking of Equifax's evolving position in the credit reporting industry. Check regularly for authoritative updates that matter to stakeholders in financial services and data analytics sectors.
Equifax reported its financial results for Q4 and full year 2022, with total revenue of $1.198 billion in Q4, down 4% year-over-year. For the full year, revenues reached $5.122 billion, a 4% increase. The mortgage revenue significantly declined by 41% in Q4, impacting overall performance. However, non-mortgage revenue saw growth, with Workforce Solutions and USIS growing by 17% and 10%, respectively. The company forecasts 2023 revenue between $5.275 billion and $5.375 billion, anticipating continued challenges in the mortgage sector. Adjusted EPS for Q4 stood at $1.52, down 18% from last year.
Equifax (NYSE: EFX) appointed Karen Fichuk to its board of directors, succeeding Robert W. Selander, who will retire in May 2023. Fichuk, formerly CEO of Randstad North America and an executive at Randstad N.V., brings over 30 years of leadership experience in data and analytics. CEO Mark W. Begor emphasized that her expertise will enhance Equifax's strategic execution and cloud transformation initiatives. The board now includes eleven directors, with ten being independent. Fichuk's addition is part of a succession planning effort, indicating a focus on strengthening governance and oversight.
On February 2, 2023, Equifax (NYSE: EFX) announced a quarterly dividend of
Equifax (NYSE: EFX) announced its acquisition of the Food Industry Credit Bureau from Profile Credit on February 1, 2023. This strategic acquisition enhances Equifax's commercial credit insights for the Canadian food sector, offering detailed data on over 90% of the industry. The Food Industry Credit Bureau partners with over 1,000 companies, providing credit information for 200,000 businesses, which supports the agri-food sector that employs 2.1 million people in Canada. CEO Mark W. Begor emphasized that this acquisition aligns with Equifax's EFX2025 growth strategy, aimed at expanding capabilities and leveraging cloud technology for integration.
Equifax (NYSE: EFX) will announce its fourth quarter financial results for the period ending December 31, 2022 on February 8, after market close. A conference call to discuss the results will take place on February 9 at 8:30 a.m. ET. Interested parties can access the call via telephone or through a webcast available on their investor relations site, with related presentation materials being published on the same day. Audio replay will be accessible from February 10. Equifax emphasizes its role in providing data-driven insights across various sectors globally.
Equifax (NYSE: EFX) has partnered with Mindbody to enhance the onboarding process for wellness-focused businesses through its I-9 Management services. This collaboration aims to streamline Form I-9 completion and improve employee verifications and audit logs, creating a more automated and mobile-friendly experience. The I-9 Management solution, which is already trusted by numerous employers, will be available through the Mindbody Partner Store, enabling faster onboarding for new hires across various wellness sectors.
Equifax (NYSE: EFX) announced a conference call scheduled for December 19, 2022, at 4:30 p.m. ET, to discuss its offer to acquire Boa Vista Serviços, Brazil's second largest consumer credit bureau. CEO Mark W. Begor and CFO John Gamble will provide insights on the transaction's strategic importance. Additionally, related presentation materials will be accessible on investor.equifax.com before the call. Equifax will also file a Registration Statement with the SEC regarding this acquisition.
Equifax has proposed to acquire all outstanding shares of Boa Vista Serviços for R$8.00 per share, translating to an enterprise value of R$3,103 million (USD$583 million). This offer represents an 89% premium over Boa Vista's closing price on December 15, 2022. The acquisition aims to enhance Equifax's capabilities in Brazil's fast-growing market and provide Boa Vista's shareholders with immediate liquidity. With features like cash options and the backing of significant shareholders, the deal is expected to integrate Boa Vista's services into Equifax Brasil, benefiting both companies in the long term.
Equifax (NYSE: EFX) concluded its second annual developer challenge and accelerator program aimed at fostering financial inclusion. The program accepted U.S.-based software developers to create solutions leveraging Equifax Cloud APIs. The event, held in November at Equifax's Atlanta headquarters, showcased 10 finalists' prototypes addressing financial accessibility across various sectors. Participants received mentorship and resources to innovate faster. Equifax emphasized its commitment to using data and technology to tackle pressing financial issues and improve service access for consumers and businesses alike.
Equifax (NYSE: EFX) has launched CourtSmart™, a new solution aimed at enhancing the effectiveness of consumer reporting agencies (CRAs) in light of recent legislative changes in California that mandate the redaction of personal identifiable information (PII) in public court records. Utilizing the Equifax TotalVerify™ data hub, CourtSmart improves turnaround times and confidence in research by providing supplementary third-party data. Currently available in 36 California counties, including the largest, CourtSmart helps CRAs efficiently navigate legal challenges while expanding access to critical background screening data.
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