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Equifax Inc (EFX) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2020

Equifax Inc

CIK: 33185 Ticker: EFX

equifaxlogoa04a01a0711.jpg

Exhibit 99.1
 
 1550 Peachtree Street, N.W. Atlanta, Georgia 30309

NEWS RELEASE
Contact:
 
Trevor BurnsBen Sheidler
Investor RelationsMedia Relations
(404) 885-8804ben.sheidler@equifax.com
trevor.burns@equifax.com
 
ATLANTA, July 22, 2020
-- Equifax Inc. (NYSE: EFX) today announced financial results for the quarter ended June 30, 2020.

“Equifax delivered its second consecutive quarter of strong, double digit revenue growth and margin expansion, driven by our Workforce Solutions income and employment business which had its strongest results in over 10 years, even with the challenging economic impacts of the coronavirus pandemic in the quarter. The results reflect the strength and resiliency of our business model, our differentiated data assets, including our unique TWN employment and income data, and the importance of data and insights to help customers manage in these unprecedented times,” said Mark W. Begor, Equifax Chief Executive Officer. “Our strong performance follows our momentum in the second half of 2019 and First Quarter and positions us to continue investing in our three-year over $1.25 billion EFX 2020 cloud technology, data, and security transformation, data and analytics, and new products to position Equifax for future growth.”

Financial Results Summary

The company reported revenue of $982.8 million in the second quarter of 2020, up 12 percent compared to the second quarter of 2019 and up 13 percent on a local currency basis.

Net income attributable to Equifax of $95.9 million was up 44% in the second quarter of 2020 compared to net income attributable to Equifax of $66.8 million in the second quarter of 2019.

Second quarter diluted EPS attributable to Equifax was $0.78, up compared to $0.55 in the second quarter of 2019.


1

The following information was filed by Equifax Inc (EFX) on Wednesday, July 22, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Equifax Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Accumulated Other Comprehensive Loss Statement
Accumulated Other Comprehensive Loss Statement (Parenthetical)
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Equity And Other Comprehensive Loss
Consolidated Statements Of Changes In Equity And Other Comprehensive Loss (Parenthetical)
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Income (Loss)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Tables)
Accumulated Other Comprehensive Loss - Schedule Of Changes In Accumulated Other Comprehensive Income (Details)
Accumulated Other Comprehensive Loss - Schedule Of Reclassifications Out Of Accumulated Other Comprehensive Loss (Details)
Benefit Plans
Benefit Plans (Details)
Benefit Plans (Tables)
Commitments And Contingencies
Commitments And Contingencies (Details)
Debt
Debt (Tables)
Debt - Narrative (Details)
Debt - Schedule Of Debt Outstanding (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Narrative (Details)
Goodwill And Intangible Assets - Schedule Of Changes In Amount Of Goodwill (Details)
Goodwill And Intangible Assets - Schedule Of Estimated Future Amortization Expense (Details)
Goodwill And Intangible Assets - Schedule Of Purchased Intangible Assets (Details)
Income Taxes
Income Taxes (Details)
Revenue
Revenue (Tables)
Revenue - Disaggregation Of Revenue (Details)
Revenue - Remaining Performance Obligation (Details)
Segment Information
Segment Information (Tables)
Segment Information - Narrative (Details)
Segment Information - Operating Revenue And Operating Income By Operating Segment (Details)
Segment Information - Total Assets By Operating Segments (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Items Measured At Fair Value On Recurring Basis (Details)
Summary Of Significant Accounting Policies - Narrative (Details)
Summary Of Significant Accounting Policies - Reconciliation Of Weighted-Average Outstanding Shares Used In Calculations Of Basic And Diluted Eps (Details)
Summary Of Significant Accounting Policies - Rollforward Of Allowance For Doubtful Accounts (Details)
Ticker: EFX
CIK: 33185
Form Type: 10-Q Quarterly Report
Accession Number: 0000033185-20-000042
Submitted to the SEC: Thu Jul 23 2020 4:16:17 PM EST
Accepted by the SEC: Thu Jul 23 2020
Period: Tuesday, June 30, 2020
Industry: Consumer Credit Reporting Collection Agencies

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