Dun & Bradstreet Holdings, Inc. (DNB) Bundle
An Overview of Dun & Bradstreet Holdings, Inc. (DNB)
General Summary of Dun & Bradstreet Holdings, Inc. (DNB)
Dun & Bradstreet Holdings, Inc. (DNB) has a rich history dating back to 1841, when it was founded to provide commercial data and insights. Today, it operates as a leading provider of data analytics and business insights, serving over 150 million businesses across the globe. DNB specializes in Finance & Risk and Sales & Marketing data, offering a range of products and services that include credit reporting, risk management, and marketing solutions.
As of 2024, Dun & Bradstreet reported total revenue of $1.749 billion for the nine months ended September 30, 2024, compared to $1.684 billion for the same period in 2023, reflecting a growth of approximately 3.9% year-over-year. The company’s primary revenue-generating segments include North America and International markets, with significant contributions from its analytics and data solutions.
Company's Financial Performance in the Latest Financial Reports
In the latest financial reports, Dun & Bradstreet showcased remarkable financial performance. For the three months ended September 30, 2024, the company generated total revenue of $609.1 million, an increase from $588.5 million in the same period of 2023, representing a growth of 3.5%.
The adjusted EBITDA for the nine months ended September 30, 2024, reached $666.6 million, compared to $631.6 million for the same period in 2023, indicating a growth of 5.5%. The adjusted EBITDA margin improved to 38.1% from 37.5% in the previous year. Additionally, adjusted net income for the nine months was $300.1 million, up from $291.8 million in 2023, with adjusted net earnings per diluted share of $0.69, compared to $0.68 in the prior year.
| Financial Metric | Q3 2024 | Q3 2023 | Change (%) |
|---|---|---|---|
| Total Revenue | $609.1 million | $588.5 million | 3.5% |
| Adjusted EBITDA | $247.4 million | $235.4 million | 5.1% |
| Adjusted EBITDA Margin | 40.6% | 40.0% | 60 bps |
| Adjusted Net Income | $116.0 million | $116.2 million | -0.2% |
| Adjusted Net Earnings per Diluted Share | $0.27 | $0.27 | 0% |
Introduction to Dun & Bradstreet as a Leader in the Industry
Dun & Bradstreet stands as one of the leading companies in the business data and analytics industry, recognized for its comprehensive database and advanced analytical solutions. By leveraging cutting-edge technology and extensive data resources, DNB enables organizations to make informed decisions, mitigate risks, and enhance operational efficiency.
The company’s commitment to innovation and customer satisfaction has solidified its reputation as a trusted partner for businesses worldwide. As organizations increasingly rely on data-driven insights, Dun & Bradstreet’s role in providing critical business intelligence will continue to expand, reinforcing its position as a market leader.
For further insights into Dun & Bradstreet's strategies and competitive advantages in the industry, the following sections delve deeper into their operational framework and market positioning.
Mission Statement of Dun & Bradstreet Holdings, Inc. (DNB)
Mission Statement of Dun & Bradstreet Holdings, Inc. (DNB)
Dun & Bradstreet Holdings, Inc. (DNB) has articulated its mission statement to reflect its commitment to providing high-quality data and analytics to help businesses make informed decisions. The mission emphasizes the importance of delivering trusted insights that drive growth and innovation. This mission statement serves as a guiding framework for the company's long-term goals and operational strategies.
Core Component 1: Delivering Trusted Insights
One of the primary components of DNB's mission is its focus on delivering trusted insights. The company leverages its extensive database, which contains information on over 400 million businesses worldwide. This vast repository of data allows DNB to provide clients with accurate and actionable insights that support strategic decision-making.
As of September 30, 2024, DNB reported total revenue of $609.1 million for the third quarter, an increase from $588.5 million in the same quarter of 2023, reflecting a growth rate of 3.5%. This growth is largely attributed to the company's ability to harness its data assets to provide enhanced services to its clients.
Core Component 2: Supporting Business Growth
Another key element of DNB's mission is its commitment to supporting business growth. The company aims to empower organizations to make informed decisions that lead to sustainable growth. DNB achieves this by offering a range of solutions, including risk management, marketing, and sales intelligence.
In the nine months ended September 30, 2024, DNB's adjusted EBITDA was $666.6 million, compared to $631.6 million for the same period in 2023, marking a 5.5% increase. This performance underscores DNB's effectiveness in delivering services that contribute to the growth of its clients.
Core Component 3: Commitment to Innovation
DNB's mission also emphasizes a commitment to innovation in its products and services. The company continually invests in technology and infrastructure to enhance its offerings. This commitment is evident in DNB's ongoing transformation efforts, which include investments in cloud-based solutions and advanced analytics capabilities.
As part of its innovation strategy, DNB recognized transition costs of $47.3 million for the nine months ended September 30, 2024, related to the development of new cloud-based infrastructure and technology platforms. This significant investment highlights DNB's focus on remaining at the forefront of industry advancements.
| Financial Metrics | 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% |
| Net Income | $3.2 million | $4.4 million | -27.3% |
| Adjusted Net Income | $116.0 million | $116.2 million | -0.2% |
Dun & Bradstreet Holdings, Inc.'s mission statement reflects its dedication to delivering trusted insights, supporting business growth, and committing to innovation. These core components are essential in guiding the company towards achieving its long-term objectives while providing value to its clients.
Vision Statement of Dun & Bradstreet Holdings, Inc. (DNB)
Vision Statement Overview
Dun & Bradstreet Holdings, Inc. (DNB) envisions a future where businesses leverage data and insights to drive growth, innovation, and operational excellence. As of 2024, the company positions itself as a leader in providing comprehensive data solutions that empower organizations to make informed decisions.
Empowering Businesses with Data
Dun & Bradstreet aims to empower businesses by providing access to critical data that drives strategic decision-making. The company’s vision emphasizes the importance of data integrity, accuracy, and timeliness in fostering business growth.
In 2024, DNB reported total revenue of $609.1 million for the third quarter, reflecting a 3.5% increase compared to $588.5 million in the same quarter of 2023. This growth underscores the company’s commitment to delivering value through its data solutions.
Innovation and Technology Leadership
Dun & Bradstreet's vision includes a strong focus on innovation and technology. The company is dedicated to enhancing its technological infrastructure to provide cutting-edge solutions that meet the evolving needs of its clients.
As part of its transformation efforts, DNB has invested in its technology platforms, with transition costs amounting to $47.3 million for the nine months ended September 30, 2024. This investment is aimed at developing a robust cloud-based infrastructure to support its data services.
Global Reach and Local Insight
With a vision to expand its global footprint while maintaining local insights, Dun & Bradstreet operates across multiple regions, providing tailored solutions for various markets. The company reported $59.1 million in adjusted EBITDA for the international segment in Q3 2024, up from $55.5 million in Q3 2023.
This growth is indicative of DNB’s ability to adapt its offerings to meet local market demands while leveraging its global data resources.
Commitment to Sustainability and Ethical Practices
Dun & Bradstreet’s vision also encompasses a commitment to sustainability and ethical business practices. The company recognizes the importance of responsible data usage and aims to lead by example in promoting transparency and ethical standards in the industry.
In 2024, DNB has continued to enhance its corporate governance practices, focusing on sustainability initiatives that align with its operational strategies. This commitment is reflected in its ongoing efforts to manage risks associated with market volatility and geopolitical uncertainties, emphasizing responsible business conduct.
Financial Performance and Future Outlook
The financial performance of Dun & Bradstreet demonstrates its strong market position and growth potential. For the nine months ended September 30, 2024, adjusted net income was reported at $300.1 million, an increase from $291.8 million in the same period of 2023. This growth in profitability showcases the effectiveness of DNB's strategic initiatives and operational efficiencies.
Looking ahead, Dun & Bradstreet remains focused on leveraging its data capabilities to drive future growth, ensuring that it continues to meet the dynamic needs of businesses worldwide.
| Financial Metrics | Q3 2024 | Q3 2023 | Change (%) |
|---|---|---|---|
| Total Revenue | $609.1 million | $588.5 million | 3.5% |
| Adjusted EBITDA - International | $59.1 million | $55.5 million | 6.5% |
| Adjusted Net Income | $300.1 million | $291.8 million | 2.2% |
| Transition Costs | $47.3 million | N/A | N/A |
Core Values of Dun & Bradstreet Holdings, Inc. (DNB)
Integrity
Integrity is fundamental to Dun & Bradstreet Holdings, Inc. (DNB), guiding their actions and decisions. The company emphasizes transparency, honesty, and accountability in all operations.
Dun & Bradstreet has implemented a robust compliance program to uphold integrity. In 2024, the company reported a total of 100% compliance in its internal audits, ensuring adherence to ethical standards across its global operations. The company's whistleblower policy further supports this value, allowing employees to report unethical behavior without fear of retaliation.
Collaboration
Collaboration is a core value that fosters teamwork across various departments and geographical locations. Dun & Bradstreet believes that collective efforts lead to innovative solutions and better outcomes for clients.
In 2024, DNB established cross-functional teams that resulted in a 15% increase in project efficiency. The company also launched a collaboration platform that connects over 5,000 employees worldwide, enhancing communication and project management.
Customer Centricity
Customer Centricity drives Dun & Bradstreet’s business strategy, focusing on delivering exceptional value to clients. The company prioritizes understanding customer needs and adapting its services accordingly.
As of 2024, DNB achieved a customer satisfaction score of 92% based on feedback from over 10,000 clients. The introduction of personalized service offerings has contributed to a 20% increase in customer retention rates compared to the previous year.
Innovation
Innovation is crucial for maintaining a competitive edge in the data and analytics industry. Dun & Bradstreet encourages a culture of creativity and continuous improvement.
In 2024, the company invested $50 million in research and development, leading to the launch of three new products that integrate AI and machine learning technologies. This investment has resulted in a 30% increase in product adoption rates among existing clients.
Respect
Respect for individuals and diverse perspectives is a cornerstone of Dun & Bradstreet’s corporate culture. The company is committed to fostering an inclusive environment where all employees feel valued.
In 2024, DNB implemented several diversity and inclusion initiatives, achieving a 40% representation of women in leadership roles. Employee engagement surveys indicated a 95% satisfaction rate regarding the company's commitment to respect and inclusion.
| Core Value | Key Metrics | 2024 Achievements |
|---|---|---|
| Integrity | 100% compliance in audits | Robust compliance program and whistleblower policy |
| Collaboration | 15% increase in project efficiency | Cross-functional teams and global communication platform |
| Customer Centricity | 92% customer satisfaction | Personalized service offerings and increased retention |
| Innovation | $50 million R&D investment | Launch of three new AI-powered products |
| Respect | 40% women in leadership | Successful diversity and inclusion initiatives |
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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.