Equifax Inc. (EFX, Financial) filed Quarterly Report for the period ended 2012-06-30.
Equifax Inc. has a market cap of $5.84 billion; its shares were traded at around $46.94 with a P/E ratio of 18.4 and P/S ratio of 3. The dividend yield of Equifax Inc. stocks is 1.5%. Equifax Inc. had an annual average earning growth of 6.4% over the past 10 years. GuruFocus rated Equifax Inc. the business predictability rank of 3.5-star.
Revenue decreased by 22% in the second quarter and first six months of 2012 as compared to the prior year periods. While the deconsolidation of Brazil negatively impacted revenue by $16.1 million and $35.4 million in the second quarter and first six months of 2012, respectively, revenue in our other Latin American countries increased 7% in the second quarter and 11% in the first six months of 2012 as compared to 2011. Local currency revenue, excluding Brazil, increased by 12% in the second quarter and 15% in the first six months of 2012 due most particularly to strong growth in Argentina, slightly offset by a small decline in Chile due to a regulatory change in allowable uses of credit reports. Local currency fluctuations against the U.S. dollar, excluding Brazil, negatively impacted revenue by $2.3 million, or 5%, in the second quarter, and $3.6 million, or 4%, in the first six months of 2012 compared to a year ago.
Revenue increased 6% and 11% in the three and six month periods, respectively, compared to the same periods in 2011. In local currency, revenue growth was 11% in the second quarter and 15% in the first six months of 2012 driven in both periods primarily by increased sales in most product segments. Local currency fluctuations against the U.S. dollar negatively impacted revenue by $2.0 million, or 5%, in the second quarter, and $3.1 million, or 4%, in the first six months of 2012.
Local currency revenue increased 2% and 4% in the three and six month periods, respectively, compared to the prior year periods in 2011 primarily due to increased volumes for our analytical services products. Local currency fluctuations against the U.S. dollar negatively impacted revenue by $1.4 million, or 4%, in the second quarter, and $1.9 million, or 3%, in the first six months of 2012, resulting in a 2% decline in reported nominal revenue in the second quarter and 1% growth year to date.
Revenue decreased for the three and six months ended June 30, 2012, as compared to the same periods in the prior year, by 2% and 1%, respectively. In local currency, revenue decreased 1% for the second quarter of 2012 and was flat for the first six months of 2012 as compared to the prior year periods. Transaction-based revenue serving credit risk needs of our customers, which represents approximately 60% of our revenue, was flat in the second quarter of 2012 and grew 5% in the first six months of 2012 as compared to the prior year. This growth was more than offset by a 2% decline in the second quarter and a 6% decline in the first six months of 2012 in project-oriented revenue as customers delayed or canceled certain small business marketing programs given the uncertain environment for small businesses. Operating margin decreased in the second quarter and first six months of 2012 due to a 6% and 9% increase, respectively, in operating expenses as the business continues to invest in its longer term strategy despite the current slowdown in demand for marketing services.
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Equifax Inc. has a market cap of $5.84 billion; its shares were traded at around $46.94 with a P/E ratio of 18.4 and P/S ratio of 3. The dividend yield of Equifax Inc. stocks is 1.5%. Equifax Inc. had an annual average earning growth of 6.4% over the past 10 years. GuruFocus rated Equifax Inc. the business predictability rank of 3.5-star.
Highlight of Business Operations:
International revenue decreased by 9% and 7% in the three and six month periods respectively, compared to the same periods in 2011. While the deconsolidation of Brazil negatively impacted revenue by $16.1 million and $35.4 million in the three and six month periods of 2012, respectively, revenue in our other geographies increased by 4% in the three month period and 8% in the six month period as compared to 2011. Local currency revenue, excluding Brazil, increased 9% in the second quarter of 2012 and 12% for the first half of 2012 due to solid growth in Europe and other Latin American countries. Local currency fluctuations against the U.S. dollar, excluding Brazil, negatively impacted our International revenue by $5.7 million, or 5%, in the second quarter, and $8.6 million, or 4%, in the first six months of the year.Revenue decreased by 22% in the second quarter and first six months of 2012 as compared to the prior year periods. While the deconsolidation of Brazil negatively impacted revenue by $16.1 million and $35.4 million in the second quarter and first six months of 2012, respectively, revenue in our other Latin American countries increased 7% in the second quarter and 11% in the first six months of 2012 as compared to 2011. Local currency revenue, excluding Brazil, increased by 12% in the second quarter and 15% in the first six months of 2012 due most particularly to strong growth in Argentina, slightly offset by a small decline in Chile due to a regulatory change in allowable uses of credit reports. Local currency fluctuations against the U.S. dollar, excluding Brazil, negatively impacted revenue by $2.3 million, or 5%, in the second quarter, and $3.6 million, or 4%, in the first six months of 2012 compared to a year ago.
Revenue increased 6% and 11% in the three and six month periods, respectively, compared to the same periods in 2011. In local currency, revenue growth was 11% in the second quarter and 15% in the first six months of 2012 driven in both periods primarily by increased sales in most product segments. Local currency fluctuations against the U.S. dollar negatively impacted revenue by $2.0 million, or 5%, in the second quarter, and $3.1 million, or 4%, in the first six months of 2012.
Local currency revenue increased 2% and 4% in the three and six month periods, respectively, compared to the prior year periods in 2011 primarily due to increased volumes for our analytical services products. Local currency fluctuations against the U.S. dollar negatively impacted revenue by $1.4 million, or 4%, in the second quarter, and $1.9 million, or 3%, in the first six months of 2012, resulting in a 2% decline in reported nominal revenue in the second quarter and 1% growth year to date.
Revenue decreased for the three and six months ended June 30, 2012, as compared to the same periods in the prior year, by 2% and 1%, respectively. In local currency, revenue decreased 1% for the second quarter of 2012 and was flat for the first six months of 2012 as compared to the prior year periods. Transaction-based revenue serving credit risk needs of our customers, which represents approximately 60% of our revenue, was flat in the second quarter of 2012 and grew 5% in the first six months of 2012 as compared to the prior year. This growth was more than offset by a 2% decline in the second quarter and a 6% decline in the first six months of 2012 in project-oriented revenue as customers delayed or canceled certain small business marketing programs given the uncertain environment for small businesses. Operating margin decreased in the second quarter and first six months of 2012 due to a 6% and 9% increase, respectively, in operating expenses as the business continues to invest in its longer term strategy despite the current slowdown in demand for marketing services.
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