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EQUIFAX POSTS 26 PERCENT GAIN IN THIRD QUARTER NET INCOME

 EQUIFAX POSTS 26 PERCENT GAIN IN THIRD QUARTER NET INCOME
 ATLANTA, Oct. 19 /PRNewswire/ -- Equifax Inc. (NYSE: EFX) today reported that its third quarter net income increased from the year earlier period by $4.6 million, or 26 percent, to $22.3 million.
 Earnings per share totaled 27 cents, up by 5 cents from the 22 cents per share posted in the third quarter of 1991. The company's third quarter revenue was $278 million, up 3 percent from the $271 million reported for the same period last year.
 Equifax was able to convert over 100 percent of its third quarter revenue increase directly into operating profits and drive 60 percent of the increase to the net profit line on the strength of continuing gains from the 1991 re-engineering initiatives, careful expense management at both the operating and corporate levels, and revenue improvement in several of the higher profit margin areas within the company. Equifax President and Chief Executive Officer C.B. Rogers Jr. said, "The fact that operating income grew by $8 million from last year on a revenue gain of only $7.7 million is a clear example of how the company is able to leverage its revenue gains into profits."
 Equifax officials were pleased with the company's ability to achieve double-digit profit growth on what have been essentially flat revenues at the consolidated level. Commenting on the low revenue growth, Rogers said: "We planned 1992's operations to produce operating profit growth of about 15 to 20 percent in a stagnant economy, and we knew we could do even better with an economic recovery of even modest proportions. While our plan is working -- and working well -- the company still faces continuing operating issues, particularly in our life and health information services area. Persistent economic and insurance industry trends have made this line of service an immediate top priority issue for Equifax."
 Equifax Inc. is the leading provider of information for consumer financial transactions. Established in 1899 in Atlanta, Equifax today employs 12,000 people throughout North America and the United Kingdom. The company provides information services and automated systems that help its customers grant credit, insure lives and property, select new employees, authorize checks at the point of sale, process credit card transactions, market products and complete other transactions that benefit the economy, businesses and consumers. Revenues for the year ending Dec. 31, 1991, were more than $1 billion.
 EQUIFAX INC.
 FINANCIAL HIGHLIGHTS
 (Dollars in thousands)
 (Unaudited)
 Third quarter 1992 1991(b)
 Operating revenue $278,310 $270,612
 Income before provision for
 income taxes:
 Operating income before unusual
 items $ 37,314 $ 29,196
 Unusual items (a) --- ---
 Operating income 37,314 29,196
 Other income 1,580 2,510
 Interest expense (859) (1,717)
 Income before income taxes and
 cumulative prior years' effect of
 the change in accounting principle 38,035 29,989
 Provision for income taxes 15,761 12,288
 Income before cumulative prior
 years' effect of the change in
 accounting principle 22,274 17,701
 Cumulative prior years' effect of the
 change in accounting for
 postretirement benefits other
 than pensions --- ---
 Net income (loss) $ 22,274 $ 17,701
 Per common share:
 Income before cumulative prior years'
 effect of the change in accounting
 principle $ 0.27 $ 0.22
 Cumulative prior years' effect of
 the change in accounting for
 postretirement benefits other
 than pensions --- ---
 Net income (loss) $ 0.27 $ 0.22
 Average number of shares
 outstanding 82,284,000 82,090,000
 (a) First quarter 1991 included costs of $18.5 million related to restructuring activities. As a result of these items, first quarter 1991 net income was reduced by $11.1 million, or $.14 per share.
 (b) The company adopted Financial Accounting Standards No. 106, "Employers' Accounting for Postretirement Benefits Other Than Pensions" in 1991. As a result, earnings of 1991 have been restated for the increased quarterly operating expense ($1.5 million per quarter, $.9 million after tax or $.01 per share) and for the cumulative prior years' effect (first quarter charge of $80.3 million, $49.0 million after tax).
 Nine months 1992 1991(a)(b)
 Operating revenue $830,924 $798,955
 Income before provision for
 income taxes:
 Operating income before unusual
 items $ 99,593 $ 82,985
 Unusual items (a) --- (18,500)
 Operating income 99,593 64,485
 Other income 5,232 6,208
 Interest expense (3,155) (5,706)
 Income before income taxes and
 cumulative prior years' effect of
 the change in accounting principle 101,670 64,987
 Provision for income taxes 42,331 26,662
 Income before cumulative prior
 years' effect of the change in
 accounting principle 59,339 38,325
 Cumulative prior years' effect of the
 change in accounting for
 postretirement benefits other
 than pensions --- (48,991)
 Net income (loss) $ 59,339 $(10,666)
 Per common share:
 Income before cumulative prior years'
 effect of the change in accounting
 principle $ 0.72 $ 0.47
 Cumulative prior years' effect of
 the change in accounting for
 postretirement benefits other
 than pensions --- (0.60)
 Net income (loss) $ 0.72 $ (0.13)
 Average number of shares
 outstanding 82,227,000 81,860,000
 (a) First quarter 1991 included costs of $18.5 million related to restructuring activities. As a result of these items, first quarter 1991 net income was reduced by $11.1 million, or $.14 per share.
 (b) The company adopted Financial Accounting Standards No. 106, "Employers' Accounting for Postretirement Benefits Other Than Pensions" in 1991. As a result, earnings of 1991 have been restated for the increased quarterly operating expense ($1.5 million per quarter, $.9 million after tax or $.01 per share) and for the cumulative prior years' effect (first quarter charge of $80.3 million, $49.0 million after tax).
 -0- 10/19/92
 /CONTACT: Richard F. Wacht, vice president-Investor Relations of Equifax Inc., 404-885-8304/
 (EFX) CO: Equifax Inc. ST: Georgia IN: SU: ERN


EA-BR -- AT002 -- 1394 10/19/92 09:10 EDT
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Date:Oct 19, 1992
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