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 (NYSE: EFX) reported its financial results for Q1 2023, with revenue of $1.302 billion, a 4% decrease year-over-year. This decline was primarily driven by a 33% drop in mortgage revenue, although non-mortgage revenue grew 10% in constant currency. Net income fell 49% to $112.4 million, resulting in diluted EPS of $0.91, also down 49%. Workforce Solutions revenue decreased 8%, while USIS revenue dipped 3%. International revenue showed resilience, increasing 1% overall. Equifax plans to acquire Boa Vista Serviços in Brazil, expanding its capabilities in a fast-growing market. The company aims to reduce spending by $200 million this year. Guidance for Q2 anticipates revenue between $1.310 billion and $1.330 billion and adjusted EPS of $1.60 to $1.70 per share.
Equifax announced the launch of its new Talent Report™ Employment Flex solution, enhancing pre-employment verifications. This patent-pending tool allows employers to customize report outputs, enabling them to preview and select specific employment records from The Work Number® database, which contains 604 million records from 2.6 million employers. The goal is to expedite the hiring process while providing detailed insights into candidates' employment histories. Joe Muchnick, Senior VP at Equifax Workforce Solutions, highlighted the necessity for a fast-paced hiring process in today's competitive job market. This solution joins Equifax's existing suite of verification tools, aimed at improving hiring decisions.
Equifax (NYSE: EFX) will release its financial results for the first quarter ending March 31, 2023, on April 19, 2023, after market hours. The company will hold a conference call to discuss these results on April 20, 2023, at 8:30 a.m. ET. The relevant presentation materials will be available on investor.equifax.com on the same day at 6:30 a.m. ET. Interested parties can join the call by dialing in at the designated times. An audio replay will be accessible from April 21 on the investor website. Equifax operates globally with nearly 14,000 employees across 24 countries, providing critical data and analytics services to various sectors.
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