Atlanta-based Equifax today reported record revenues and earnings for the most recent quarter, the third of the year.
The credit-information company had $667.4 million in revenues for the three months ending Sept. 30 – a 9 percent increase from the same period a year ago and a record performance for the company.
Net income during the quarter was $117.9 million, compared to $92.7 million during the same period of 2014.
The company’s chief executive, said recent financial results left him feeling good about the coming year.
“We continue to be optimistic about 2016 as we continue to execute well on our new product innovation and enterprise growth initiatives,” said Richard Smith, in a statement issued with the financial results.
Adjusted earnings per share – also a record – were $1.14, up 13 percent compared to the third quarter of 2014.
Diluted earnings per share were 98 cents, a 31 percent jump from the third quarter of 2014, the company said.
The company’s operating margin was 26.1 percent, up 100 basis points from the third quarter of 2014.
About the Author
