Verisk Analytics Inc (NAS:VRSK)

$ 268.79 -0.58 (-0.22%) Market Cap: 38.28 Bil Enterprise Value: 41.02 Bil PE Ratio: 43.71 PB Ratio: 89.00 GF Score: 92/100

Q2 2024 Verisk Analytics Inc Earnings Call Transcript

Jul 31, 2024 / 12:30PM GMT

Release Date Price: $261.75 (-8.48%)

Transcript 10-Q8-K

Key Points

Positve

Verisk Analytics Inc (VRSK) delivered solid organic constant currency revenue growth, led by strong subscription growth of 8.3%.
The company experienced healthy organic constant currency adjusted EBITDA growth and strong margin expansion, translating into 15% adjusted EPS growth.
Verisk Analytics Inc (VRSK) continues to invest in innovation and technologies, enhancing client offerings and driving long-term value.
The company reported a significant increase in income from continuing operations, up 51% versus the prior year.
Verisk Analytics Inc (VRSK) maintained a strong balance sheet with $632 million in cash, providing financial flexibility for future investments and shareholder returns.

Negative

The company faced modest declines in its transactional business due to historically high volumes in auto shopping and elevated weather-related activity in the prior year quarter.
There was a drag on transactional growth from the conversion of transaction-based contracts to subscriptions, impacting short-term revenue.
The company expects tough comparisons in auto-related transactional revenues for the balance of the year.
Verisk Analytics Inc (VRSK) experienced a slowdown in growth from the first quarter, reflecting tough comparisons to the prior year's high transactional revenue.
The company anticipates higher net interest expense in the second half of the year due to recent financing transactions.

Editor

Please stand by for streaming text.

Portions of this transcript marked (technical difficulty) indicate audio problems. The missing text will be supplied if a replay becomes available.

Operator

First conference call. This call is being recorded. Currently, all participants are in a listen only mode. After today's prepared remarks, we'll conduct a question and answer session where we will limit participants to one question so that we can allow everyone to ask a question we will have for the instructions for you at that time. For opening remarks and introductions, I would like to turn the call over to Verisk's Head of Investor Relations, Ms. Stacey Brodbar. Please go ahead.

Stacey Brodbar

Verisk Analytics Inc - IR

Thank you, operator, and good day, everyone. Appreciate you joining us today for a discussion of our second quarter 2024 financial results. On the call today are Lee Shavel, Verisk's President and Chief Executive Officer; and Elizabeth Mann, Chief Financial Officer.

The earnings release referenced on

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.