The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Andrew Owen Nicholas - William Blair & Company L.L.C., Research Division - Analyst
: First, I wanted to touch on Boa Vista. I know you had given originally like $165 million revenue run rate. I think it was $160 million
when you cited it in the second quarter, and you're holding that here today post close. Just kind of curious if you could bridge the
performance there over the past 9 months with how that end market is doing, how the business is doing. Just kind of an update as
it's now under your official ownership.
Question: Andrew Owen Nicholas - William Blair & Company L.L.C., Research Division - Analyst
: Great. And then if I could ask just a clarifying question for my follow-up. In terms of the mortgage market outperformance in EWS, I
think, first, I want to clarify that the 15% decline for '24 that you talked about, if conditions persist. I want to make sure that I understood
that, that's an inquiry estimate, or is that an origination estimate?
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OCTOBER 19, 2023 / 12:30PM, EFX.N - Q3 2023 Equifax Inc Earnings Call
And then also, when we think about the gap between those 2 numbers, is there any reason to believe that, that gap would -- and
this is just kind of a question around the market itself, not your guys' performance. Any reason for that gap to narrow or widen in a
prolonged weak environment, just kind of thinking about the different levels, levers if you can...
Question: Ashish Sabadra - RBC Capital Markets, Research Division - Analyst
: I just wanted to drill down further on Toni's question on pricing. And particularly, FICO price increases was a significant tailwind for
mortgage revenues within USIS or OIS this year. How should we think about those tailwinds going into next year and offsetting
some of the mortgage inquiry headwinds for next year?
Question: Ashish Sabadra - RBC Capital Markets, Research Division - Analyst
: That's very helpful color. And maybe just on the Boa Vista earnings accretion. So that was pretty positive $0.02 accretion in the
quarter. Is that the run rate that we should think about going into '24? Or can you talk about the puts and takes from an earnings
accretion perspective in '24.
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OCTOBER 19, 2023 / 12:30PM, EFX.N - Q3 2023 Equifax Inc Earnings Call
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