Verisk Analytics (VRSK) Tops Q4 EPS by 26c
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Verisk Reports Fourth-Quarter 2022 Financial Results
February 28, 2023 4:10 PM ESTRevenues from continuing operations were $630.4 million, up marginally, and up 8.1% on an organic constant currency (OCC) basis for the fourth quarter of 2022. Our revenue from continuing operations growth was flat primarily due to the sale of our environmental health and safety business ("3E") and Financial Services segment.Income from continuing operations was $215.8 million, up 82.4% for the fourth quarter of 2022. Adjusted EBITDA, a non-GAAP measure, was $332.0 million, up 4.1%, and up 12.9% on an OCC basis. The increase in income from continuing operations is primarily due to an impairment loss incurred in 2021 related to the disposition of our Financial Services segment,... More
