MeridianLink Inc (NYSE:MLNK)
$ 24.42 0.37 (1.54%) Market Cap: 1.83 Bil Enterprise Value: 2.19 Bil PE Ratio: 0 PB Ratio: 4.15 GF Score: 62/100
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Q3 2024 MeridianLink Inc Earnings Call Transcript

Nov 7, 2024 / 10:00 PM GMT
Release Date Price: $24.42 (+1.54%)

Key Points

Positve
  • MeridianLink Inc (MLNK) achieved a revenue of $80.4 million, marking a 5% growth year over year, which was in line with the high end of their guidance.
  • The company reported an adjusted EBITDA of $33.8 million, representing a 42% EBITDA margin, exceeding the high end of their guidance.
  • MeridianLink Inc (MLNK) returned $31.3 million of capital to shareholders through stock buybacks at attractive valuations.
  • The company continues to see strong cross-sell momentum, particularly in mortgage and consumer lending solutions, highlighting the effectiveness of their land and expand strategy.
  • MeridianLink Inc (MLNK) has strengthened its leadership team with the promotion of Larry to President and the onboarding of a new CFO, both of whom have deep industry knowledge and experience.
Negative
  • Community banks and credit unions continue to face deposit constraints, with loan-to-deposit ratios remaining at elevated levels.
  • Affordability of used cars remains a challenge due to high prices and elevated financing rates, impacting consumer lending.
  • The mortgage market is not expected to see a robust recovery in the short or medium term due to high mortgage rates and macroeconomic uncertainty.
  • MeridianLink Inc (MLNK) experienced a 9% decline in other revenue and a 1% decline in data verification software solutions revenue year over year.
  • The company anticipates continued macroeconomic headwinds, including constrained liquidity for financial institutions and low auto affordability, which may impact future performance.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MLNK.N - Meridianlink Inc
Q3 2024 MeridianLink Inc Earnings Call
Nov 07, 2024 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by and welcome to Meridianlink's third quarter, 2024 earnings call. At this time. All participants are in the mode after the speaker's presentation, there will be a question and answer session.

Please be advised that today's conference is being recorded.

I would not like to turn the conference over to your first speaker today, Guiana Roli Giana. Please go ahead.

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Unidentified_2 [2]
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Good afternoon and welcome to Meridianlink's third quarter fiscal year 2024 earnings call. We will be discussing the
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