Dun & Bradstreet reports Q1 adjusted EPS 20c, consensus 20c

Reports Q1 revenue $564.5M, consensus $565.55M. “We are pleased with our strong start to the year, as we delivered organic revenue growth of 4.3 percent, Adjusted EBITDA margin expansion of 50 basis points, and improved free cash flow conversion during the first quarter. Our growth is driven by the improvements we have made in cross-sell and upsell, new logo acquisition, new solution innovation and pricing. In particular, we continue to see strong demand for master data management and third party and supply chain risk solutions. Clients and prospects throughout the world continue to need better data, analytics and insights into the risk profiles of their most critical vendors and third parties, and we believe the depth and breadth of our global private company data assets provides a significant advantage,” said Anthony Jabbour, Dun & Bradstreet Chief Executive Officer. “We are encouraged with our progress to date, and we remain confident in our ability to deliver on our fiscal year 2024 financial and operational goals. In recognition of our optimism regarding the Company’s future financial performance, as well as a strengthening balance sheet, I am pleased to announce that our board of directors has approved a share repurchase program to capitalize on what we see as a highly favorable buying opportunity.”