Printer Friendly

EQUIFAX OPTIMISTIC ABOUT REVENUE AND PROFIT GROWTH, CHIEF EXECUTIVE TELLS SHAREHOLDERS

 EQUIFAX OPTIMISTIC ABOUT REVENUE AND PROFIT GROWTH,
 CHIEF EXECUTIVE TELLS SHAREHOLDERS
 ATLANTA, April 29 /PRNewsire/ -- Equifax Inc. (NYSE: EFX) President and Chief Executive Officer C.B. Rogers Jr. told shareholders at the company's annual meeting today that the outlook for 1992 is very good.
 He said that based on the strength of first quarter results in all major units and continued economic improvement, revenue and profit growth should return to previous-year levels after a disappointing 1991.
 "We made some very tough decisions last year to restructure operating units, cut costs, conserve capital, eliminate unprofitable lines, and reset our organization structure," Rogers said. "These moves will add to our competitive strength and allow us to maintain our leadership position in the information industry."
 The Atlanta-based international business information firm recently reported a 9 percent increase in revenue and a 30 percent increase in operating income (before unusual items) for the first quarter of 1992.
 "The Telecredit unit we acquired early last year performed very well, even in the down economy, and continues to meet all expectations for revenue and profit," Rogers told the shareholders.
 Looking ahead, Rogers said that Equifax is changing its focus from "the information source" which has been the company's slogan for several years, to "the information solution." The change, he explained, takes many forms, one of which is "our renewed focus on consumers as customers." He said the Equifax Information Service Center, which opened in December, "is providing an increased level of customer satisfaction until now unheard of in the industry."
 Also at the annual shareholders' meeting, three new members were added to the board of directors, two to replace retiring members Robert Strickland and H.A. Phillips Jr., and one to fill a new board position created this year. This increases the number of members on the Equifax board from 13 to 14. The three new members are Ron D. Barbaro, president of The Prudential Insurance Company of America; A.W. Dahlberg, president and chief executive officer of Georgia Power Company; and L. Phillip Humann, president of SunTrust Banks, Inc.
 Jeff V. White, chairman of the board, said, "Equifax traditionally has been able to attract outstanding leaders for our board of directors, and I'm pleased to announce that we are continuing that tradition with this year's newest members."
 Equifax Inc. is the leading provider of information for consumer financial transactions. Established in 1899 in Atlanta, Equifax today operates in the United States, Canada and Europe. Equifax provides information services and automated systems that help its customers grant credit, insure lives and property, select new employees, market products and services and complete other transactions that benefit the economy, business and consumers. Equifax's revenues for the year ended Dec. 31, 1991, were more than $1.1 billion.
 -0- 4/29/92
 /CONTACT: Richard F. Wacht of Equifax Inc., 404-885-8304/
 (EFX) CO: Equifax Inc. ST: Georgia IN: FIN SU: PER


EA-BR -- AT008 -- 4308 04/29/92 11:14 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 29, 1992
Words:490
Previous Article:SNO COUNTRY REPORTS OFFICIAL SKI REPORT FOR APRIL 29, 1992
Next Article:USF&G CORPORATION REPORTS FIRST QUARTER PROFIT; PROPERTY/CASUALTY OPERATIONS DRIVE RESULTS


Related Articles
EQUIFAX POSTS 26 PERCENT GAIN IN THIRD QUARTER NET INCOME
EQUIFAX BOARD ELECTS NEW CHAIRMAN
EQUIFAX ANNOUNCES RECORD FIRST QUARTER NET INCOME
EQUIFAX POSTS 37 PERCENT INCREASE IN FIRST QUARTER EARNINGS PER SHARE
EQUIFAX CHAIRMAN ROGERS TELLS SHAREHOLDERS '1993 -- ONE OF THE BEST YEARS IN RECENT HISTORY' (d)
EQUIFAX TO ACQUIRE CANADIAN BONDED CREDITS; THIRD INTERNATIONAL VENTURE IN 30 DAYS; GLOBAL GROWTH STRATEGY IN HIGH GEAR
EQUIFAX POSTS RECORD SECOND QUARTER; REVENUE JUMPS 19%, OPERATING INCOME 25%
ROGERS CEDES CEO DUTIES TO MCGLAUGHLIN
EQUIFAX POSTS RECORD QUARTER; REVENUE JUMPS 15%, EARNINGS PER SHARE 19%
Equifax Announces 45 Percent E.P.S. Growth For 1999 Fourth Quarter and 16 Percent for 1999.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters