Verisk Analytics (VRSK) Misses Q4 EPS by 4c, Offers Guidance
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Verisk Reports Fourth-Quarter 2023 and Full-Year 2023 Financial Results
February 21, 2024 7:15 AM ESTConsolidated revenues were $677.2 million, up 7.4% and up 6.0% on an organic constant currency (OCC) basis for the fourth quarter of 2023. Prior year results included storm-related revenue associated with Hurricane Ian, which negatively impacted OCC growth by 90 basis points. For the full year 2023, consolidated revenues were $2,681.4 million, up 7.4% and up 8.7% on an OCC basis. Income from continuing operations was $182.3 million, down 15.5% for the fourth quarter of 2023. Adjusted EBITDA, a non-GAAP measure, was $362.0 million, up 9.0%, and up 6.5% on an OCC basis. For the full year 2023, income from continuing operations was $768.4 million, down 26.3%, while adjusted EBITDA was $1,433.5 million, up 11.6%, and up... More
