D&B Reports Strong 2007 Fourth Quarter and Full-Year Results; Expects Continued Strength in 2008.* Fourth Quarter Diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. Before Non-Core Gains and Charges Up 15%; GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). Diluted EPS Up 19% * Fourth Quarter Core and Total Revenue Up 8% Before the Effect of Foreign Exchange; Up 10% After the Effect of Foreign Exchange * Full Year Diluted EPS Before Non-Core Gains and Charges Up 17%; GAAP Diluted EPS Up 35% * Full Year Core and Total Revenue Up 7% Before the Effect of Foreign Exchange; Up 8% After the Effect of Foreign Exchange * Announces 2008 Program to Create $75 Million to $80 Million of Financial Flexibility * Updates 2008 Financial Guidance to Reflect Sale of Italian Real Estate Business SHORT HILLS, N.J. -- D&B (NYSE NYSE See: New York Stock Exchange : DNB DNB Dictionary of National Biography DNB Drum N Bass (music) DNB De Nederlandsche Bank DNB Dun & Bradstreet (stock symbol) DNB Den Norske Bank DNB David Nelson Band ), the leading provider of global business information, tools and commercial insight, today reported results for the fourth quarter and year ended December December: see month. 31, 2007. The Company also announced its 2008 financial flexibility program, the sale of its Italian real estate business and updated 2008 financial guidance. "We are pleased with our 2007 results, as we once again met our financial commitments and extended our track record of consistent performance over time," said Steve v. t. 1. To pack or stow, as cargo in a ship's hold. See Steeve. Alesio, D&B's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We delivered a strong fourth quarter, and exit 2007 with good momentum. We feel good about our prospects for the future, and expect to deliver continued growth in 2008." Sale of Italian Real Estate Business On December 27, 2007, D&B completed the sale of its Italian real estate business which is now being accounted for as a discontinued operation discontinued operation A segment of a business that has been abandoned or sold or for which plans for one or another of these actions have been approved. See also continuing operations. . D&B sold this business for $9.0 million and received indemnification Indemnification Used in insurance policy agreements as to compensation for damage or loss. In the context of corporate governance, Director Indemnification uses the bylaws and/or charter to indemnify officers and directors from certain legal expenses and judgements resulting from against certain potential data reuse reuse - Using code developed for one application program in another application. Traditionally achieved using program libraries. Object-oriented programming offers reusability of code via its techniques of inheritance and genericity. fees. On a 2007 full-year basis, the Italian real estate business generated $60.5 million in revenue, $13.6 million in operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. , $5.4 million in net income and $0.09 of EPS. D&B will recognize a small non-core gain on the sale of this business in the first quarter of 2008. The discussion of 2007 results in this press release includes the Italian real estate business, consistent with our 2007 guidance. GAAP results include non-core gains and charges and reflect the Italian real estate business as a discontinued operation. See attached schedules 3 and 8 for a reconciliation of GAAP to non-GAAP results. Fourth Quarter 2007 Results Diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of before non-core gains and charges for the quarter ended December 31, 2007, were $1.70, up 15 percent from $1.48 in the prior year similar period. On a GAAP basis, diluted earnings per share for the quarter ended December 31, 2007, were $1.74, up 19 percent from $1.46 in the prior year similar period. Total revenue for the fourth quarter of 2007 was $480.7 million, up 8 percent from the prior year similar period before the effect of foreign exchange (up 10 percent after the effect of foreign exchange). Approximately one point of this growth was due to acquisitions. On a GAAP basis, revenue for the fourth quarter of 2007 was $464.7 million, up 8 percent from the prior year similar period before the effect of foreign exchange (up 10 percent after the effect of foreign exchange). Total revenue results for the fourth quarter of 2007 reflect the following by solution set: * Risk Management Solutions revenue of $268.5 million, up 3 percent from the prior year similar period before the effect of foreign exchange (up 6 percent after the effect of foreign exchange). On a GAAP basis, Risk Management Solutions revenue was $252.5 million, up 3 percent before the effect of foreign exchange (up 5 percent after the effect of foreign exchange); * Sales & Marketing Solutions revenue of $164.4 million, up 12 percent before the effect of foreign exchange (up 14 percent after the effect of foreign exchange); * E-Business (Electronic-BUSINESS) Doing business online. The term is often used synonymously with e-commerce, but e-business is more of an umbrella term for having a presence on the Web. Solutions revenue of $29.3 million, up 19 percent before the effect of foreign exchange (up 20 percent after the effect of foreign exchange); and * Supply Management Solutions revenue of $18.5 million, up 18 percent before the effect of foreign exchange (up 19 percent after the effect of foreign exchange). Operating income before non-core gains and charges for the fourth quarter of 2007 was $165.8 million, up 7 percent from the prior year similar period. On a GAAP basis, operating income was $155.8 million, up 7 percent from the prior year similar period. During the fourth quarter of 2007, the Company also incurred transition costs of $3.9 million compared with $3.0 million incurred in the prior year similar period. Net income before non-core gains and charges for the fourth quarter of 2007 was $99.4 million, up 8 percent from the prior year similar period. On a GAAP basis, net income for the quarter was $101.7 million, up 11 percent from the prior year similar period. Share repurchases Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. during the fourth quarter of 2007 under the Company's one-year adj. 1. completing its life cycle within a year. Adj. 1. one-year - completing its life cycle within a year; "a border of annual flowering plants" annual phytology, botany - the branch of biology that studies plants , $200 million share repurchase program commenced in July July: see month. 2007, totaled $98.2 million. These repurchases are in addition to the Company's repurchases to offset the dilutive effect Dilutive effect Result of a transaction that decreases earnings per common share (EPS). of shares issued under employee benefit plans, which totaled $20.7 million in the fourth quarter of 2007. The Company ended the year with $175.8 million of cash and cash equivalents. Fourth Quarter 2007 Segment Results United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Total revenue for the fourth quarter of 2007 was $362.3 million, up 8 percent from the prior year similar period. U.S. total revenue results for the fourth quarter of 2007 reflect the following: * Risk Management Solutions revenue of $178.1 million, up 3 percent; * Sales & Marketing Solutions revenue of $140.0 million, up 12 percent; * E-Business Solutions revenue of $27.5 million, up 21 percent; and * Supply Management Solutions revenue of $16.7 million, up 17 percent. Operating income for the fourth quarter of 2007 was $158.1 million, up 13 percent from the prior year similar period. The increase was primarily due to improved revenue in the U.S. segment, partially offset by costs associated with acquisitions and investments to enhance the Company's strategic capabilities. International Total revenue for the fourth quarter of 2007 was $118.4 million, up 7 percent from the prior year similar period before the effect of foreign exchange (up 16 percent after the effect of foreign exchange). On a GAAP basis, revenue for the fourth quarter of 2007 was $102.4 million, up 6 percent before the effect of foreign exchange (up 16 percent after the effect of foreign exchange) from the prior year similar period. International total revenue results for the fourth quarter of 2007 reflect the following: * Risk Management Solutions revenue of $90.4 million, up 4 percent from the prior year similar period before the effect of foreign exchange (up 14 percent after the effect of foreign exchange). On a GAAP basis, Risk Management Solutions revenue was $74.4 million, up 3 percent before the effect of foreign exchange (up 13 percent after the effect of foreign exchange); * Sales & Marketing Solutions revenue of $24.4 million, up 16 percent before the effect of foreign exchange (up 26 percent after the effect of foreign exchange); * E-Business Solutions revenue of $1.8 million, down 4 percent before the effect of foreign exchange (up 4 percent after the effect of foreign exchange); and * Supply Management Solutions revenue of $1.8 million, up 26 percent before the effect of foreign exchange (up 39 percent after the effect of foreign exchange). Operating income for the fourth quarter of 2007 was $29.2 million, down 16 percent from the prior year similar period, primarily driven by the Italian reuse accrual accrual, n continually recurring short-term liabilities. Examples are accrued wages, taxes, and interest. reversal in the prior year similar period. On a GAAP basis, operating income for the fourth quarter of 2007 was $23.5 million, down 9 percent from the prior year similar period. Full Year 2007 Results Diluted earnings per share before non-core gains and charges for 2007 were $4.64, up 17 percent from $3.97 in the prior year similar period. On a GAAP basis, diluted earnings per share for 2007 were $4.99, up 35 percent from $3.70 in the prior year similar period. Total revenue for 2007 was $1,659.7 million, up 7 percent from the prior year similar period before the effect of foreign exchange (up 8 percent after the effect of foreign exchange). Approximately one point of this growth was due to acquisitions. On a GAAP basis, revenue for 2007 was $1,599.2 million, up 7 percent from the prior year similar period before the effect of foreign exchange (up 8 percent after the effect of foreign exchange). Total revenue results for the full year 2007 reflect the following by solution set: * Risk Management Solutions revenue of $1,041.5 million, up 3 percent before the effect of foreign exchange (up 6 percent after the effect of foreign exchange). On a GAAP basis, Risk Management Solutions revenue was $981.0 million, up 4 percent from the prior year similar period before the effect of foreign exchange (up 6 percent after the effect of foreign exchange); * Sales & Marketing Solutions revenue of $459.5 million, up 10 percent before the effect of foreign exchange (up 12 percent after the effect of foreign exchange); * E-Business Solutions revenue of $107.5 million, up 21 percent both before and after the effect of foreign exchange; and * Supply Management Solutions revenue of $51.2 million, up 13 percent before the effect of foreign exchange (up 14 percent after the effect of foreign exchange). Operating income before non-core gains and charges for 2007 was $465.1 million, up 9 percent from the prior year similar period. On a GAAP basis, operating income for 2007 was $425.6 million, up 8 percent from the prior year similar period. During 2007, the Company also incurred transition costs of $13.0 million compared with $16.9 million incurred in the prior year similar period. Net income before non-core gains and charges for 2007 was $277.3 million, up 7 percent from the prior year similar period. On a GAAP basis, net income for 2007 was $298.1 million, up 24 percent from the prior year similar period. Free cash flow, excluding the impact of legacy tax matters, for 2007 was $313.0 million, up 5 percent from the prior year similar period. Free cash flow, excluding the Italian real estate business and the impact of legacy tax matters, for 2007 was $304.5 million, up 7 percent from the prior year similar period. The Company defines free cash flow as net cash provided by operating activities less capital expenditures and additions to computer software and other intangibles. Share repurchases during 2007 under the Company's special repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. programs totaled $298.2 million. This total includes $125.0 million under the Company's prior one-year, $200 million program commenced in October October: see month. 2006. The remaining $173.2 million in share repurchases were completed under the Company's existing one-year, $200 million program, which commenced in July 2007. These amounts are in addition to repurchases made under the Company's existing program to offset the dilutive effect of shares issued under employee benefit plans, which totaled $110.3 million in 2007. Full Year 2007 Segment Results United States Total revenue for 2007 was $1,248.3 million, up 7 percent from the prior year similar period. U.S. total revenue results for full-year 2007 reflect the following: * Risk Management Solutions revenue of $711.7 million, up 4 percent; * Sales & Marketing Solutions revenue of $389.5 million, up 10 percent; * E-Business Solutions revenue of $100.4 million, up 21 percent; and * Supply Management Solutions revenue of $46.7 million, up 15 percent. Operating income for 2007 was $466.0 million, up 10 percent from the prior year similar period. The increase was primarily due to improved revenue in the U.S. segment, partially offset by costs associated with acquisitions and investments to enhance the Company's strategic capabilities. International Total revenue for 2007 was $411.4 million, up 4 percent before the effect of foreign exchange (up 12 percent after the effect of foreign exchange) from the prior year similar period. On a GAAP basis, revenue for 2007 was $350.9 million, up 5 percent from the prior year similar period before the effect of foreign exchange (up 13 percent after the effect of foreign exchange). International total revenue results for full-year 2007 reflect the following: * Risk Management Solutions revenue of $329.8 million, up 2 percent before the effect of foreign exchange (up 10 percent after the effect of foreign exchange). On a GAAP basis, Risk Management Solutions revenue was $269.3 million, up 2 percent from the prior year similar period before the effect of foreign exchange (up 10 percent after the effect of foreign exchange); * Sales & Marketing Solutions revenue of $70.0 million, up 16 percent before the effect of foreign exchange (up 24 percent after the effect of foreign exchange); * E-Business Solutions revenue of $7.1 million, up 20 percent before the effect of foreign exchange (up 29 percent after the effect of foreign exchange); and * Supply Management Solutions revenue of $4.5 million, down 7 percent before the effect of foreign exchange (up 2 percent after the effect of foreign exchange). Operating income before non-core gains and charges for 2007 was $83.4 million, flat to the prior year similar period. On a GAAP basis, operating income for 2007 was $69.0 million, down 8 percent from the prior year similar period. Non-Core Gains and Charges During the fourth quarter of 2007 and 2006, the Company recorded: * Net pre-tax pre-tax adj → anterior al impuesto pre-tax adj → avant impôt(s) pre-tax adj → al lordo d'imposta , non-core gain of $9.3 million and net pre-tax, non-core charge of $1.3 million, respectively; * Net after-tax af·ter-tax also af·ter·tax adj. Relating to or being that which remains after payment, especially of income taxes: after-tax profits. , non-core gain of $2.3 million and net after-tax, non-core charge of $1.1 million, respectively. For the years ending 2007 and 2006, the Company recorded: * Net pre-tax, non-core charges of $4.4 million and $25.5 million, respectively; * Net after-tax, non-core gain of $20.8 million and net after-tax, non-core charges of $17.7 million, respectively. See attached Schedules 3 and 8 for additional explanations and details of these charges. D&B's restructuring charges restructuring charge The expense of reorganizing a company's operations. A restructuring charge is an infrequent expense that generally results from asset writedowns or facility closings. may be viewed as recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. as they are part of its Financial Flexibility initiatives. In addition to reporting GAAP results, the Company reports results before restructuring charges and other non-core gains and charges because they are not a component of its ongoing income or expenses and may have a disproportionate dis·pro·por·tion·ate adj. Out of proportion, as in size, shape, or amount. dis  pro·por positive or negative impact on the results of its
ongoing underlying business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . For additional information, see
the section titled "Use of Non-GAAP Financial Measures" below.
2008 Financial Flexibility Initiatives In 2008, D&B will continue to address complexity reduction and create financial flexibility through several initiatives, including the following: * Continuing to improve the Company's organizational design and the efficiency of how D&B is organized; * Reducing product complexity and eliminating and consolidating systems and technology infrastructure; * Simplifying and automating data collection processes; and * Centralizing cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. management of key cost drivers, consolidating vendors and contract negotiation, and reducing the non-selling time of the Company's sales force. On an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis, these actions are expected to create $75 million to $80 million of financial flexibility, of which approximately $60 million to $65 million will be generated in 2008 before any transition costs and restructuring charges and before any reallocation Noun 1. reallocation - a share that has been allocated again allocation, allotment - a share set aside for a specific purpose 2. reallocation of savings generated by the initiatives. To implement these initiatives, the Company expects to incur To become subject to and liable for; to have liabilities imposed by act or operation of law. Expenses are incurred, for example, when the legal obligation to pay them arises. An individual incurs a liability when a money judgment is rendered against him or her by a court. transition costs of approximately $13 million to $15 million in 2008. In addition, the Company expects to incur pre-tax restructuring charges totaling $20 million to $25 million in 2008. As a result of this reengineering program, the company expects that approximately 300-350 positions will be eliminated globally. For additional detail concerning D&B's 2008 Financial Flexibility Program, see the Company's Current Report on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. , filed with the Securities and Exchange Commission on January 30, 2008. Updated Full Year 2008 Outlook D&B today provided updated full year financial guidance for 2008, which reflects the sale of the Company's Italian real estate business. See attached schedule 7 for 2007 financial results from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the before non-core gains and charges, which are adjusted to reflect the sale of the Italian real estate business. * The Company reaffirmed its guidance for revenue growth of 8 percent to 10 percent, before the effect of foreign exchange; * The Company provided updated operating income guidance of 11 percent to 13 percent growth, or $501 million to $510 million, before non-core gains and charges; * The Company provided updated guidance for diluted EPS growth of 14 percent to 16 percent, or $5.19 to $5.29, before non-core gains and charges; * The Company reaffirmed its free cash flow guidance of $337 million to $352 million, excluding the impact of legacy tax matters; * The Company reaffirmed its tax rate guidance of approximately 37 percent to 37.5 percent, before non-core gains and charges. D&B does not provide guidance on a GAAP basis because D&B is unable to predict, with reasonable certainty, the future movement of foreign exchange rates or the future impact of non-core gains and charges, such as restructuring charges and legacy tax matters, which are a component of the most comparable financial measures calculated in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with GAAP. Non-core gains and charges are uncertain and will depend on several factors, including industry conditions, and could be material to D&B's results computed in accordance with GAAP. Use of Non-GAAP Financial Measures D&B reports non-GAAP financial measures in this press release and the schedules attached. D&B reports revenue and core revenue growth before the effects of foreign exchange. Additionally, the Company reports organic revenue growth and each of operating income, operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: , net income, diluted earnings per share and tax rate (defined as Provision for Income Taxes divided by Income before Provision for Income Taxes) before non-core gains and charges, and free cash flow. See "Item 7. Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Financial Condition and Results of Operations - How We Manage Our Business" in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ending December 31, 2006, filed February 28, 2007 with the SEC, for a discussion of how the Company defines these measures, why it uses them and why it believes they provide useful information to investors. These measures are defined in Schedules 3 and 8 attached to this earnings release. In addition, for 2007 and the comparable prior year periods, in order to ensure consistency and transparency (1) The quality of being able to see through a material. The terms transparency and translucency are often used synonymously; however, transparent would technically mean "seeing through clear glass," while translucent would mean "seeing through frosted glass." See alpha blending. with investors, the Company also reported financial results with and without the Italian real estate business which is now reflected as discontinued operations Discontinued operations Divisions of a business that have been sold or written off and that no longer are maintained by the business. . Fourth Quarter and Full Year 2007 Teleconference As previously announced, D&B will review its fourth quarter and full year 2007 financial results in a conference call with the investment community on Thursday, January 31, 2008, at 10 a.m. ET. Live audio, as well as a replay of the conference call and other related information, will be accessible on D&B's Investor Relations Investor relations The process by which the corporation communicates with its investors. Web site at http://investor.dnb.com. About D&B D&B (NYSE:DNB) is the world's leading source of commercial information and insight on businesses, enabling companies to Decide with Confidence([R])for over 165 years. D&B's global commercial database contains more than 125 million business records. The database is enhanced by D&B's proprietary DUNSRight([R]) Quality Process, which provides our customers with quality business information. This quality information is the foundation of our global solutions that customers rely on to make critical business decisions. D&B provides customers with four solution sets, which meet a diverse set of customer needs globally. Customers use D&B Risk Management Solutions(TM) to mitigate mit·i·gate v. To moderate in force or intensity. mit i·ga tion n. credit risk, increase cash flow and
drive increased profitability; D&B Sales & Marketing
Solutions(TM) to increase revenue from new and existing customers;
D&B E-Business Solutions(TM) to convert prospects into clients
faster by enabling business professionals to research companies,
executives and industries; and D&B Supply Management Solutions(TM)
to increase cash by generating ongoing savings from our customers'
suppliers and by protecting our customers from serious financial,
operational and regulatory risk. For more information, please visit
www.dnb.com.
Forward-Looking and Cautionary Statements This press release, including, in particular, the section titled "Updated Full Year 2008 Outlook," contains projections of future results and other forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve a number of trends, risks and uncertainties, and are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The following important factors could cause actual results to differ materially from those projected in such forward-looking statements. * D&B relies significantly on third parties to support critical components of its business model in a continuous and high-quality manner, including third-party data providers, strategic third party members in its Worldwide Network, and third parties with which it has outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. arrangements. * Demand for D&B's products is subject to intense competition, changes in customer preferences and, to a lesser extent, economic conditions which impact customer behavior. * D&B's solutions and brand image are dependent upon the integrity and security of its global database and the continued availability thereof through the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and by other means, as well as our ability to protect key assets, such as our data centers. * D&B's ability to maintain the integrity of its brand and reputation, which it believes are key assets and competitive advantages. * D&B's ability to renew large contracts, the related revenue recognition and the timing thereof may impact its results of operations from period to period. * D&B's results are subject to the effects of foreign economies, exchange rate fluctuations, legislative or regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. , such as the adoption of new or changes in accounting policies and practices, including pronouncements by the Financial Accounting Standards Board Financial Accounting Standards Board (FASB) Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP). or other standard-setting bodies, and the implementation or modification of fees or taxes that we must pay to acquire, use, and/or redistribute re·dis·trib·ute tr.v. re·dis·trib·ut·ed, re·dis·trib·ut·ing, re·dis·trib·utes To distribute again in a different way; reallocate. data. * D&B's ability to introduce new Web-based products or services in a seamless way and without disruption disruption /dis·rup·tion/ (dis-rup´shun) a morphologic defect resulting from the extrinsic breakdown of, or interference with, a developmental process. to existing products such as DNBi. * D&B's ability to acquire and successfully integrate other complementary businesses, products and technologies into its existing business, without significant disruption to its existing business or to its financial results. * The continued adherence adherence /ad·her·ence/ (ad-her´ens) the act or condition of sticking to something. immune adherence by third party members of our D&B Worldwide Network to our quality standards, our brand and communication standards and to the terms and conditions of our commercial services arrangements. * D&B's future success requires that it attract and retain qualified personnel, including members of its sales force, in regions throughout the world. * The profitability of D&B's International segment depends on its ability to identify and execute on various initiatives, such as the implementation of subscription plan pricing and successfully managing its D&B Worldwide Network, and its ability to identify and contend with various challenges present in foreign markets, such as local competition and the availability of public records at no cost. * D&B's ability to successfully implement its Blueprint blueprint, white-on-blue photographic print, commonly of a working drawing used during building or manufacturing. The plan is first drawn to scale on a special paper or tracing cloth through which light can penetrate. for Growth Strategy requires that it successfully reduce its expense base through its Financial Flexibility initiatives, and reallocate Verb 1. reallocate - allocate, distribute, or apportion anew; "Congressional seats are reapportioned on the basis of census data" reapportion allocate, apportion - distribute according to a plan or set apart for a special purpose; "I am allocating a loaf of certain of the expense-base reductions into initiatives that produce desired revenue growth. * D&B is involved in various tax matters and legal proceedings All actions that are authorized or sanctioned by law and instituted in a court or a tribunal for the acquisition of rights or the enforcement of remedies. , the outcomes of which are unknown and uncertain with respect to the impact on D&B's cash flow and profitability. See the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. and notes to the financial statements Notes to the financial statements A detailed set of notes immediately following the financial statements in an annual report that explain and expand on the information in the financial statements. included therewith there·with adv. 1. With that, this, or it. 2. In addition to that. 3. Archaic Immediately thereafter. Adv. 1. , for a more detailed description of these matters. * D&B's ability to repurchase shares is subject to market conditions, including trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. in its stock, and its ability to repurchase shares in accordance with applicable securities laws. * D&B's projection for free cash flow is dependent upon its ability to generate revenue, its collection processes, customer payment patterns, the timing and volume of stock option exercises and the amount and timing of payments related to the tax and other matters and legal proceedings in which it is involved, as referenced above and as more fully described in the Company's filings with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and notes to the financial statements included therewith. For a more detailed discussion of the trends, risks and uncertainties that may affect D&B's operating and financial results and its ability to achieve the financial objectives discussed in this press release, readers should review the Company's most recent filings with the SEC, including the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q are available on its Web site at www.dnb.com and on the SEC's web site at www.sec.gov. D&B cautions that the foregoing list of important factors is not complete and except as otherwise required by federal securities laws does not undertake any obligation to update any forward-looking statements. [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] |
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