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 reports news on its work as a global data, analytics, and technology company serving financial institutions, companies, employers, and government agencies. Recurring updates cover consumer credit data, income and employment verification through The Work Number, portfolio analytics for lenders, and consumer financial health measures such as the Market Pulse Index.
Company announcements also address quarterly earnings, dividend declarations, investor conference participation, cybersecurity reporting, cloud technology, and EFX.AI capabilities. Product news often centers on combining credit, employment, income, and trended data to support lending decisions and customer lifecycle analytics.
Equifax (NYSE: EFX) has announced its participation in several investor conferences during August 2024. Trevor Burns, Senior Vice President of Corporate Investor Relations, will represent the company at four key events:
- Oppenheimer 27th Annual Technology, Internet & Communications Conference on August 14
- Needham Virtual FinTech & Digital Transformation Conference on August 15
- Wells Fargo 9th Annual FinTech, Information & Business Services Forum on August 21
- Deutsche Bank's 2024 Technology Conference on August 28
These conferences provide Equifax with opportunities to engage with investors and showcase its position in the financial technology and information services sectors.
Equifax (NYSE: EFX) has introduced All Employers Within 90 Days™, a new mortgage verification solution powered by The Work Number®. This offering allows credentialed lenders to verify a borrower's income and employment information from the previous 90 days, addressing situations where extended employment records are unnecessary. Equifax has also modified its existing 12-month and 24-month verification offerings to streamline billing processes.
These solutions aim to provide lenders with flexibility, faster closing times, and enhanced loan processes. The company emphasizes its commitment to offering tailored verification solutions at various price points, backed by industry-leading security capabilities. Equifax's The Work Number database serves as the leading commercial source of consolidated employment information in the United States, enabling instant verification for credentialed verifiers with permissible purposes.
Equifax (NYSE: EFX) reported strong second quarter 2024 results with revenue of $1.430 billion, up 9% year-over-year. The company saw 13% non-mortgage local currency revenue growth, driven by a 20% increase in Workforce Solutions non-mortgage Verification Services. Despite a 13% decline in USIS mortgage credit inquiries, U.S. mortgage revenue grew 4%. International revenue increased 17% on a reported basis and 28% on a local currency basis.
Equifax maintained its full-year 2024 guidance, expecting revenue of $5.720 billion (up 8.6%) and Adjusted EPS of $7.35. The company's New Product Vitality Index reached 12.5%, with 89% of new models and scores built using AI and ML. CEO Mark W. Begor expressed confidence in Equifax's long-term 8-12% revenue growth framework, driven by non-mortgage revenue growth and cloud transformation completion.
Equifax (NYSE: EFX) is set to release its financial results for Q2 2024 on July 17, after the market closes. The announcement will cover the performance for the quarter ending June 30, 2024.
A conference call hosted by senior management will be held on July 18 at 8:30 a.m. ET to discuss the financial and business results. Presentation materials will be available on the Equifax investor website at 6:30 a.m. ET on the same day.
The conference call can be accessed by dialing (877) 559-1190 in the US/Canada or (201) 389-0916 internationally. Participants should register 5-10 minutes before the call starts. An audio replay will be available on the investor website starting July 19.
Equifax has launched a new education verification tool called Talent Report™ High School, aimed at helping employers and background screeners verify high school diploma data efficiently. This solution, integrated with the National Student Clearinghouse®, provides instant access to high school diploma information, streamlining the pre-hire process. According to the Bureau of Labor Statistics, industries requiring high school diplomas are expected to have the most job openings over the next decade. This tool seeks to expedite hiring, improve employee retention, and reduce the manual efforts involved in diploma verification. Talent Report High School is powered by the TotalVerify™ data hub and the Equifax Cloud™, offering 24/7 access to more than 9 million diplomas from over 4,700 high schools. The solution is available immediately.
Equifax (NYSE: EFX) will participate in several investor conferences in June 2024. CEO Mark W. Begor and CFO John Gamble will attend the Baird Global Consumer, Technology & Services Conference on June 4, featuring a Fireside Chat at 12:15 PM ET. They will also attend the Stifel Cross Sector Insight Conference on June 5, with another Fireside Chat at 3:00 PM ET.
Senior VP Trevor Burns will attend the JP Morgan Canada 1X1 Forum on June 11. Investors can join live webcasts and access replays within 24 hours on Equifax's Investor Relations website.
Equifax announced the appointment of Chad Borton as Executive Vice President and President of Workforce Solutions, succeeding Rudy Ploder who is retiring after 20 years of leadership. Borton brings extensive financial services experience to the role. Equifax CEO Mark W. Begor expressed confidence in Borton's ability to drive growth and innovation in Workforce Solutions, a key part of Equifax's long-term strategy.
Equifax announced the appointment of Barbara Larson, former CFO of Workday, to its board of directors. Larson brings over two decades of financial leadership and experience in human capital management and enterprise technology. Her addition aligns with Equifax's strategic priorities to grow non-mortgage business through innovation.
Equifax has declared a quarterly dividend of $0.39 per share, payable on June 14, 2024, to shareholders of record as of May 24, 2024. The company has a history of paying cash dividends for over 100 years.
Equifax (NYSE: EFX) will be participating in various investor conferences in May. Mark W. Begor, CEO, and John Gamble, CFO, will attend events including Fireside Chats. Investors can join live webcasts and replays will be available on the Investor Relations website. Trevor Burns, Senior VP of Corporate Investor Relations, will also attend conferences.