https://investor.verisk.com/news-events/...ncial-Results/default.aspxhttps://s24.q4cdn.com/609949474/files/...nings_Presentation_Final.pdfhttps://www.marketscreener.com/...risk-4Q-Earnings-Snapshot-30014978/Verisk Reports Fourth-Quarter 2019 Financial Results
02/18/2020
Consolidated revenues were $677 million for the fourth quarter of 2019, up 10.2%, and up 5.4% on an organic constant currency (OCC) basis.
Net income was $132 million for the fourth quarter of 2019, down 9.6%. Adjusted EBITDA, a non-GAAP measure, was $319 million, up 10.3%, and up 9.0% on an OCC basis.
Diluted GAAP earnings per share (GAAP EPS) were $0.80 for the fourth quarter of 2019. Diluted adjusted earnings per share (adjusted EPS), a non-GAAP measure, were $1.13.
Net cash provided by operating activities was $176 million for the fourth quarter of 2019, up 1.7%. Free cash flow, a non-GAAP measure, was $112 million, up 16.0%.
The company paid a cash dividend of 25 cents per share on December 31, 2019. The company’s Board of Directors has approved an increase in our cash dividend to 27 cents per share payable on March 31, 2020.
The company repurchased $100 million of its shares for the fourth quarter of 2019.
Verisk: 4Q Earnings Snapshot
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02/18/2020 | 09:55pm GMT
JERSEY CITY, N.J. (AP) _ Verisk Analytics Inc. (VRSK) on Tuesday reported fourth-quarter profit of $132.2 million.
The Jersey City, New Jersey-based company said it had net income of 80 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.13 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The insurance data provider posted revenue of $676.8 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $669.1 million.
For the year, the company reported profit of $449.9 million, or $2.70 per share. Revenue was reported as $2.61 billion.
Verisk shares have increased 15% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $171.56, a climb of 37% in the last 12 months.
This story was generated by Automated Insights (
http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VRSK at
https://www.zacks.com/ap/VRSKAutomated Insights, source Associated Press News