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?
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...
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
OCTOBER 19, 2023 / 12:30PM, EFX.N - Q3 2023 Equifax Inc Earnings Call
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.
|
