Verisk Analytics (VRSK) Misses Q3 EPS by 1c

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Go back to Verisk Analytics (VRSK) Misses Q3 EPS by 1c

Verisk Reports Third-Quarter 2022 Financial Results

November 1, 2022 4:10 PM EDT

Consolidated revenues were $745.3 million, down 1.8%, and up 4.8% on an organic constant currency (OCC) basis for the third quarter of 2022. The decline in our consolidated revenue was primarily due to the sale of our environmental health and safety business (3E) and Verisk Financial Services segment.Net income attributable to Verisk was $189.4 million, down 6.1% for the third quarter of 2022. Adjusted EBITDA, a non-GAAP measure, was $383.5 million, up 1.2%, and up 6.0% on an OCC basis.Diluted GAAP earnings per share (diluted EPS) attributable to Verisk were $1.20 for the third quarter of 2022, down 3.2%. Diluted adjusted earnings per share (diluted adjusted EPS), a non-GAAP... More