Wed, Oct 23, 8:17 PM (71 days ago)
TransUnion (TRU) reported its Q3 2024 results, showing a revenue increase of 12.0% year-over-year to $1,085.0 million, driven by growth across both its U.S. Markets and International segments. Operating expenses decreased 22.9% to $928.6 million, largely due to the absence of prior goodwill impairment and restructuring costs. The company recorded an operating income of $156.4 million compared to a loss of $236.3 million in Q3 2023. Net income attributable to TransUnion was $68.0 million, recovering from a loss of $318.8 million in the prior year. Cash flow from operations rose to $578.5 million, reflecting improved operational efficiency. The company continues its transformation plan aimed at optimizing operations, with restructuring expenses of $40.5 million in Q3. The effective tax rate was reported at 25.7%, influenced by foreign withholding taxes. TransUnion's long-term debt stood at $5,134.9 million, with a leverage ratio of 3.1, indicating stable financial health. The company anticipates ongoing growth supported by strategic investments in technology and operational efficiency, despite macroeconomic uncertainties.