TransUnion Corp. ( (TRU) ) has released its Q4 earnings. Here is a breakdown of the information TransUnion Corp. presented to its investors.
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TransUnion Corp. is a global information and insights company that provides credit reports, analytics, and decision-making services to businesses and consumers across a variety of industries, including financial services, insurance, and international markets.
In its latest earnings report, TransUnion announced robust financial performance for the fourth quarter and full year 2024, exceeding revenue projections with a 9% growth driven by strong performance in the U.S. financial services and insurance sectors, alongside significant international growth. The company also highlighted its successful execution of technology modernization initiatives and significant savings from a transformation program.
Key financial highlights include a significant increase in net income for the quarter to $66 million, compared to $6 million in the same period last year, and a 16% increase in adjusted EBITDA. The company also announced a new collaboration with Credit Sesame to offer a freemium direct-to-consumer credit education and monitoring service. Additionally, it refreshed its capital allocation strategy by lowering its leverage ratio target, increasing its quarterly dividend, and authorizing a new $500 million share repurchase program.
Looking forward, TransUnion management anticipates a revenue growth of 3.5% to 5% for 2025, with expectations of continued margin expansion. The company remains focused on leveraging its strong portfolio and ongoing transformation initiatives to drive further growth and innovation, while maintaining a cautious approach to mergers and acquisitions.
