Dun & Bradstreet Holdings, Inc. (DNB) Bundle
A Brief History of Dun & Bradstreet Holdings, Inc.
Dun & Bradstreet Holdings, Inc. (DNB) has a significant history in providing commercial data and analytics for businesses. As of 2024, the company continues to evolve, focusing on enhancing its data offerings and expanding its market reach.
Financial Performance in 2024
For the three months ended September 30, 2024, Dun & Bradstreet reported total revenue of $609.1 million, an increase from $588.5 million in the same period of 2023, marking a growth of 3.5%. The nine-month revenue for 2024 reached $1,749.8 million, compared to $1,683.6 million in 2023, representing a 3.9% increase.
Net Income and Earnings
Net income attributable to Dun & Bradstreet for the three months ended September 30, 2024, was $3.2 million, or $0.01 per diluted share, compared to a net income of $4.4 million in 2023. For the nine months ended September 30, 2024, the company reported a net loss of $36.4 million, or $0.08 per share, improving from a net loss of $48.7 million in 2023.
Adjusted EBITDA
Dun & Bradstreet's adjusted EBITDA for the three months ended September 30, 2024, was $247.4 million, up from $235.4 million in the prior year. The nine-month adjusted EBITDA also saw an increase to $666.6 million from $631.6 million in 2023.
Dividends
During the nine months ended September 30, 2024, Dun & Bradstreet declared dividends totaling $0.15 per share, distributed in three installments of $0.05 each on March 21, June 20, and September 19, 2024.
Stock Repurchase Program
On April 30, 2024, the Board of Directors authorized a stock repurchase program, allowing the company to repurchase up to 10 million shares of its common stock by April 30, 2027. As of September 30, 2024, the company had repurchased 961,360 shares for a total of $9.3 million, at an average price of $9.71 per share.
Debt and Interest Management
As of September 30, 2024, Dun & Bradstreet had interest rate swap contracts with a total notional amount of $2,750 million, aimed at managing interest rate exposure. The company reported interest expense of $61.3 million for the three months ended September 30, 2024, compared to $57.0 million in the same period of 2023.
| Metric | Q3 2024 | Q3 2023 | 9M 2024 | 9M 2023 |
|---|---|---|---|---|
| Total Revenue | $609.1 million | $588.5 million | $1,749.8 million | $1,683.6 million |
| Net Income (Loss) | $3.2 million | $4.4 million | ($36.4 million) | ($48.7 million) |
| Adjusted EBITDA | $247.4 million | $235.4 million | $666.6 million | $631.6 million |
| Dividends per Share | $0.05 | $0.05 | $0.15 | $0.15 |
| Shares Repurchased | 961,360 | - | 961,360 | - |
| Interest Expense | $61.3 million | $57.0 million | $205.6 million | $168.4 million |
A Who Owns Dun & Bradstreet Holdings, Inc. (DNB)
Major Shareholders
As of 2024, the ownership structure of Dun & Bradstreet Holdings, Inc. (DNB) includes a mix of institutional and individual investors. The following table summarizes the primary shareholders:
| Shareholder | Ownership Percentage | Shares Owned | Type |
|---|---|---|---|
| BlackRock, Inc. | 9.83% | 43,550,000 | Institutional |
| Vanguard Group, Inc. | 7.56% | 33,500,000 | Institutional |
| Wellington Management Co. LLP | 5.22% | 23,000,000 | Institutional |
| FMR LLC (Fidelity) | 4.85% | 21,500,000 | Institutional |
| State Street Corporation | 4.72% | 20,500,000 | Institutional |
| Insider Holdings | 2.10% | 9,200,000 | Insider |
| Other Individual Investors | 65.72% | 290,000,000 | Individual |
Recent Stock Performance
As of September 30, 2024, Dun & Bradstreet's stock performance metrics are as follows:
| Metric | Value |
|---|---|
| Stock Price | $7.56 |
| Market Capitalization | $3.34 billion |
| 52-Week High | $12.50 |
| 52-Week Low | $6.75 |
| Dividend Yield | 1.45% |
Financial Overview
For the nine months ending September 30, 2024, Dun & Bradstreet reported the following financial metrics:
| Financial Metric | Value |
|---|---|
| Total Revenue | $1,749.8 million |
| Adjusted EBITDA | $666.6 million |
| Net Income (Loss) | ($36.4 million) |
| Adjusted Net Income | $300.1 million |
| Adjusted Earnings per Share | $0.69 |
Recent Changes in Ownership
In recent months, Dun & Bradstreet has seen changes in its ownership structure, with significant movements from institutional investors.
- BlackRock increased its stake from 8.5% to 9.83% as of September 2024.
- Vanguard Group decreased its stake marginally from 7.62% to 7.56%.
- FMR LLC has been actively acquiring shares, raising its ownership to 4.85%.
Conclusion of Ownership Dynamics
The ownership of Dun & Bradstreet Holdings, Inc. reflects a diverse mix of institutional and individual investors, with substantial institutional influence. This dynamic may impact future strategic directions and financial performance.
Dun & Bradstreet Holdings, Inc. (DNB) Mission Statement
Overview of Mission Statement
Dun & Bradstreet Holdings, Inc. aims to provide data, analytics, and insights to help businesses make informed decisions, enhance their operational efficiency, and drive growth. The company focuses on leveraging its extensive database and advanced analytics capabilities to empower clients in various industries.
Core Values and Principles
- Integrity: Upholding ethical standards in all business dealings.
- Collaboration: Working together with clients to achieve shared goals.
- Innovation: Continuously improving services and products through technological advancements.
- Customer Centricity: Prioritizing the needs of clients to deliver tailored solutions.
Financial Performance Metrics
The financial performance of Dun & Bradstreet is a key indicator of its effectiveness in achieving its mission. The following table summarizes important financial metrics for the company as of September 30, 2024:
| Metric | Q3 2024 | Q3 2023 | Change |
|---|---|---|---|
| Total Revenue | $609.1 million | $588.5 million | +3.5% |
| Adjusted EBITDA | $247.4 million | $235.4 million | +5.5% |
| Adjusted EBITDA Margin | 40.6% | 40.0% | +0.6% |
| Net Income (Loss) | $3.2 million | $4.4 million | -27.3% |
| Adjusted Net Income | $116.0 million | $116.2 million | -0.2% |
Segment Performance
The company operates through two primary segments: North America and International. The performance metrics of these segments for the three months ended September 30, 2024, are as follows:
| Segment | Adjusted EBITDA | Q3 2024 | Q3 2023 | Change |
|---|---|---|---|---|
| North America | $207.7 million | $195.6 million | +6.2% | |
| International | $59.1 million | $55.5 million | +6.5% | |
| Corporate and Other | ($19.4 million) | ($15.7 million) | -23.5% |
Market Position and Future Outlook
Dun & Bradstreet is strategically positioned in the market as a leader in business data and analytics. The company is focused on expanding its services to meet the evolving needs of businesses, particularly in areas such as cloud solutions and data-driven decision-making.
Recent Developments
As part of its ongoing commitment to innovation, Dun & Bradstreet has been investing in technology enhancements and expanding its data capabilities. This includes efforts to improve cloud infrastructure and optimize data acquisition processes.
Conclusion on Mission Alignment
The financial metrics and segment performance indicate that Dun & Bradstreet is effectively working towards its mission to provide actionable insights and drive business growth. The company remains committed to its core values and is positioned for future success in the data analytics industry.
How Dun & Bradstreet Holdings, Inc. (DNB) Works
Company Overview
Dun & Bradstreet Holdings, Inc. (DNB) operates as a global provider of business decisioning data and analytics. The company delivers insights that drive strategic decisions for organizations across various industries, focusing on finance, risk management, sales, and marketing.
Financial Performance
For the nine months ended September 30, 2024, Dun & Bradstreet reported total revenue of $1,749.8 million, an increase of 3.9% from $1,683.6 million in the same period of 2023. The growth was driven by an increase in the underlying business and favorable foreign exchange impacts, partially offset by the divestiture of a business-to-consumer unit in Finland.
Revenue by Segment
| Segment | Q3 2024 Revenue (in millions) | Q3 2023 Revenue (in millions) | Change ($ millions) | Change (%) | 9M 2024 Revenue (in millions) | 9M 2023 Revenue (in millions) | Change ($ millions) | Change (%) |
|---|---|---|---|---|---|---|---|---|
| North America - Finance & Risk | $237.7 | $234.9 | $2.8 | 1.2% | $661.8 | $646.7 | $15.1 | 2.3% |
| North America - Sales & Marketing | $194.8 | $186.5 | $8.3 | 4.5% | $561.9 | $541.0 | $20.9 | 3.9% |
| Total North America | $432.5 | $421.4 | $11.1 | 2.6% | $1,223.7 | $1,187.7 | $36.0 | 3.0% |
| International - Finance & Risk | $121.6 | $113.6 | $8.0 | 7.1% | $358.1 | $332.2 | $25.9 | 7.8% |
| International - Sales & Marketing | $55.0 | $53.5 | $1.5 | 2.7% | $168.0 | $163.7 | $4.3 | 2.6% |
| Total International | $176.6 | $167.1 | $9.5 | 5.7% | $526.1 | $495.9 | $30.2 | 6.1% |
| Total Revenue | $609.1 | $588.5 | $20.6 | 3.5% | $1,749.8 | $1,683.6 | $66.2 | 3.9% |
Net Income and Adjusted Earnings
For the three months ended September 30, 2024, Dun & Bradstreet reported a net income of $3.2 million, or a diluted earnings per share of $0.01, compared to a net income of $4.4 million in the same quarter of 2023. For the nine months ended September 30, 2024, the net loss was $36.4 million, or a loss per share of $0.08, compared to a net loss of $48.7 million for the same period in 2023.
Adjusted net income for the three months ended September 30, 2024, was $116.0 million, with adjusted net earnings per diluted share of $0.27, compared to $116.2 million and $0.27 for the same period of 2023. For the nine months ended September 30, 2024, adjusted net income was $300.1 million, or $0.69 per diluted share, compared to $291.8 million, or $0.68 per diluted share for the same period of 2023.
Adjusted EBITDA Performance
Adjusted EBITDA for the three months ended September 30, 2024, was $247.4 million, compared to $235.4 million for the same period in 2023, reflecting a 5.1% increase. For the nine months ended September 30, 2024, adjusted EBITDA was $666.6 million, up from $631.6 million in the same period of 2023, an increase of 5.5%.
Liquidity and Capital Resources
Dun & Bradstreet's primary sources of liquidity include cash flows from operating activities and cash equivalents. As of September 30, 2024, the company reported cash and cash equivalents of $288.7 million and accounts receivable of $242.4 million. The total assets stood at $9,004.9 million, while total liabilities were $5,657.7 million.
Balance Sheet Summary
| Balance Sheet Item | September 30, 2024 (in millions) | December 31, 2023 (in millions) |
|---|---|---|
| Total Assets | $9,004.9 | $9,135.9 |
| Total Current Assets | $710.2 | $656.3 |
| Total Current Liabilities | $1,011.0 | $1,042.4 |
| Total Liabilities | $5,657.7 | $5,704.3 |
| Cash and Cash Equivalents | $288.7 | $188.1 |
Market Position and Strategy
Dun & Bradstreet continues to leverage its extensive database and analytics capabilities to enhance its offerings. The company focuses on expanding its international reach and improving its technology infrastructure to meet evolving client needs. The ongoing investments in cloud technology are intended to drive efficiency and enhance data delivery capabilities.
How Dun & Bradstreet Holdings, Inc. (DNB) Makes Money
Revenue Streams
Dun & Bradstreet generates revenue primarily through two segments: Finance & Risk and Sales & Marketing. For the nine months ended September 30, 2024, total revenue reached $1,749.8 million, an increase of 3.9% compared to $1,683.6 million for the same period in 2023. This growth reflects an increase in the underlying business along with a positive impact from foreign exchange rates.
| Segment | Revenue (2024 Q3) | Revenue (2023 Q3) | Increase (Decrease) | Percentage Increase (Decrease) |
|---|---|---|---|---|
| North America - Finance & Risk | $237.7 million | $234.9 million | $2.8 million | 1.2% |
| North America - Sales & Marketing | $194.8 million | $186.5 million | $8.3 million | 4.5% |
| Total North America | $432.5 million | $421.4 million | $11.1 million | 2.6% |
| International - Finance & Risk | $121.6 million | $113.6 million | $8.0 million | 7.1% |
| International - Sales & Marketing | $55.0 million | $53.5 million | $1.5 million | 2.7% |
| Total International | $176.6 million | $167.1 million | $9.5 million | 5.7% |
| Total Revenue | $609.1 million | $588.5 million | $20.6 million | 3.5% |
Adjusted EBITDA
Adjusted EBITDA for the nine months ended September 30, 2024, was $666.6 million, reflecting a 5.5% increase from $631.6 million in the same period of 2023. The adjusted EBITDA margin stood at 38.1%, up from 37.5% in the previous year.
| Performance Measure | 2024 Q3 | 2023 Q3 | Increase (Decrease) | Percentage Increase (Decrease) |
|---|---|---|---|---|
| Adjusted EBITDA | $247.4 million | $235.4 million | $12.0 million | 5.1% |
| Adjusted EBITDA Margin | 40.6% | 40.0% | 0.6% | 1.5% |
Net Income and Earnings Per Share
For the three months ended September 30, 2024, Dun & Bradstreet reported a net income of $3.2 million, equating to a diluted earnings per share (EPS) of $0.01. In comparison, the net income for the same period in 2023 was $4.4 million, also with a diluted EPS of $0.01. For the nine months ended September 30, 2024, the net loss was $36.4 million, or a loss per share of $0.08, compared to a net loss of $48.7 million, or a loss per share of $0.11 in 2023.
| Period | Net Income (Loss) | EPS (Diluted) |
|---|---|---|
| 2024 Q3 | $3.2 million | $0.01 |
| 2023 Q3 | $4.4 million | $0.01 |
| 2024 Nine Months | $(36.4) million | $(0.08) |
| 2023 Nine Months | $(48.7) million | $(0.11) |
Key Financial Metrics
As of September 30, 2024, Dun & Bradstreet's adjusted net income was $300.1 million, with adjusted net earnings per diluted share at $0.69, compared to $291.8 million and $0.68 in the same period of 2023.
| Metric | 2024 Nine Months | 2023 Nine Months |
|---|---|---|
| Adjusted Net Income | $300.1 million | $291.8 million |
| Adjusted EPS | $0.69 | $0.68 |
Segment Performance
The North America segment generated adjusted EBITDA of $538.0 million for the nine months ended September 30, 2024, representing a 3.5% increase from $519.6 million in the same period of 2023. The international segment's adjusted EBITDA was $177.2 million, up 10.6% from $160.2 million year-over-year.
| Segment | Adjusted EBITDA (2024 Nine Months) | Adjusted EBITDA (2023 Nine Months) | Increase (Decrease) | Percentage Increase (Decrease) |
|---|---|---|---|---|
| North America | $538.0 million | $519.6 million | $18.4 million | 3.5% |
| International | $177.2 million | $160.2 million | $17.0 million | 10.6% |
Cost Structure and Expenses
Dun & Bradstreet's operating income for the nine months ended September 30, 2024, was $115.9 million, a significant improvement from $76.5 million in 2023. The increase was primarily driven by higher revenue and lower depreciation and amortization costs.
| Expense Category | Amount (2024 Nine Months) | Amount (2023 Nine Months) |
|---|---|---|
| Operating Income | $115.9 million | $76.5 million |
| Depreciation and Amortization | $430.1 million | $437.1 million |
Conclusion
In summary, Dun & Bradstreet's revenue growth in 2024 can be attributed to its diversified offerings in Finance & Risk and Sales & Marketing segments, coupled with improved operational efficiencies and cost management strategies.
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Article updated on 8 Nov 2024
Resources:
- Dun & Bradstreet Holdings, Inc. (DNB) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Dun & Bradstreet Holdings, Inc. (DNB)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View Dun & Bradstreet Holdings, Inc. (DNB)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.