Equifax, Inc. (EFX) Q1 2023 Earnings Call Transcript

Equifax, Inc. (NYSE:EFX) Q1 2023 Earnings Conference Call April 20, 2023 8:30 AM ET

Company Participants

Trevor Burns - SVP, Head IR

Mark Begor - CEO

John Gamble - CFO

Conference Call Participants

Manav Patnaik - Barclays

Kyle Peterson - Needham & Company

Andrew Steinerman - JP Morgan

Andrew Jeffrey - Truist Securities

Shlomo Rosenbaum - Stifel

Andrew Nicholas - William Blair

Craig Huber - Huber Research

Kelsey Zhu - Autonomous Research

Jeff Meuler - Baird

Heather Balsky - Bank of America

Toni Kaplan - Morgan Stanley

David Togut - Evercore ISI

Seth Weber - Wells Fargo

George Tong - Goldman Sachs

Faiza Alwy - Deutsche Bank

Operator

Hello, and welcome to the Equifax Q1 2023 Earnings Conference Call and Webcast. [Operator Instructions]. As a reminder, this conference is being recorded.

It's now my pleasure to turn the call over to Trevor Burns, Senior Vice President, Head of Corporate Investor Relations. Please go ahead, Trevor.

Trevor Burns

Thanks and good morning. Welcome to today's conference call. I'm Trevor Burns. With me today are Mark Begor, Chief Executive Officer; and John Gamble, Chief Financial Officer.

Today's call is being recorded. An archive of the recording will be available later today in the IR Calendar section of the News & Events tab at our IR website, www.investor.equifax.com.

During the call today, we'll be making reference to certain materials that can also be found in the Presentation section of the News & Events tab at our IR website. These materials are labeled 1Q 2023 earnings conference call.

Also, we will be making certain forward-looking statements, including second quarter and full-year 2023 guidance. We hope you understand Equifax and its business environment.

These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from our expectations. Certain Risk Factors may impact our business are set forth in filings with the SEC, including our 2022 Form 10-K.

We'll also be referring certain non-GAAP financial measures, including adjusted EPS and adjusted EBITDA, which will be adjusted for certain items that affect the comparability of our underlying operational performance. These non-GAAP measures are detailed in reconciliation tables, which are included with our earnings release and can be found in our IR website.

Now I'd like to turn it over to Mark.

Mark Begor

Thanks, Trevor, and good morning.

Equifax delivered another strong quarter with 10% constant currency non-mortgage revenue growth as we executed well against our Equifax 2025 strategic priorities and the $200 million spending plan we announced in February.