TransUnion reports Q1 adjusted EPS 92c, consensus 80c

Reports Q1 revenue $1.02B, consensus $978.09M. “TransUnion exceeded first quarter financial guidance, delivering the first $1 billion revenue quarter in our history,” said Chris Cartwright, President and CEO. “U.S. Markets grew primarily due to mortgage and key Emerging Verticals such as Insurance and Media, as lending conditions remained largely consistent with the prior quarter. International again drove double-digit growth, led by India, Canada and Asia Pacific. We made important progress in our transformation program, adding significant headcount to further build out our Global Capability Center network and consolidating key applications onto our OneTru platform. These actions add to our confidence in delivering against our savings commitments while increasing the pace and breadth of our innovation. We are raising our 2024 guidance following first quarter outperformance and now expect to deliver 5 to 6.5 percent revenue growth for the year. We remain focused on driving strong results in a low-growth market environment, with no assumed in-year benefits from interest rate cuts.”