Dun & Bradstreet Holdings, Inc. - DNB STOCK NEWS

Dun & Bradstreet (NYSE:DNB) has announced its Data & AI Summit 2024, scheduled for October 3 in Chicago and virtually worldwide. This free, one-day event aims to provide actionable strategies for developing AI-driven data insights to achieve business objectives. The summit features industry leaders, data experts, and AI innovators, including Dun & Bradstreet executives and customer speakers.

Key highlights include:

• A keynote on "Data and AI Challenges and Trends" by Gary Kotovets, Chief Data & Analytics Officer
• Sessions on adapting to a digital-first world, enhancing entity resolution with AI, and solving data quality challenges
• Hybrid format with an all-day livestream and an exclusive in-person Leadership Summit in Chicago

The event underscores Dun & Bradstreet's commitment to AI innovation and the importance of high-quality, consistent, and reliable data for AI-driven initiatives.

Dun & Bradstreet (NYSE:DNB), a leading global provider of business decisioning data and analytics, has issued a statement in response to recent market reports. The company confirmed that it has received inbound interest from third parties and has retained Bank of America to assist with these inquiries. The Board of Directors, with Bank of America's assistance, is evaluating all inquiries and strategic alternatives.

However, Dun & Bradstreet emphasized that there is no guarantee that any transaction or alternative will result from these inquiries. The company has stated that it does not intend to make further statements regarding this matter. This announcement comes in response to recent reports in the press and financial markets involving the company.

Dun & Bradstreet (NYSE:DNB) has introduced SmartMail AI and SmartSearch AI, new Generative AI capabilities integrated into their D&B Hoovers sales intelligence solution. These innovations aim to boost sales prospecting, improve targeting, and enhance personalization for more intelligent customer experiences. The AI-powered tools are designed to streamline outreach processes and help users build targeted lists of companies and contacts.

Key features include:

• Automated messaging in up to 19 languages
• AI-optimized content creation for emails
• Interactive chat assistant for building targeted lists
• Based on Dun & Bradstreet's AiBE foundational architecture

Currently, 4,000 customers are using these new AI capabilities, demonstrating strong engagement and innovation from Dun & Bradstreet.

Dun & Bradstreet (NYSE: DNB) reported its Q2 2024 financial results, showing revenue growth of 3.9% to $576.2 million. Organic revenue increased 4.3% on a constant currency basis. The company reported a GAAP net loss of $16.4 million, or $0.04 per share. Adjusted net income was $99.1 million, with adjusted EPS of $0.23. Adjusted EBITDA grew 5.7% to $217.9 million, with a margin of 37.8%.

For the first half of 2024, revenue increased 4.2% to $1,140.7 million. The company updated its full-year 2024 outlook, expecting revenues at the low end of the previously communicated range of $2,400-$2,440 million, with organic revenue growth at the low end of 4.1-5.1%. Adjusted EBITDA is still expected to be $930-$950 million, with adjusted EPS of $1.00-$1.04.

Dun & Bradstreet (NYSE: DNB) has declared a quarterly cash dividend of $0.05 per share. The dividend is payable on September 19, 2024, to shareholders of record as of September 5, 2024. As a leading global provider of business decisioning data and analytics, this dividend reflects the company's sustained focus on delivering shareholder value.

Dun & Bradstreet (NYSE:DNB) has announced the release date for its second quarter 2024 earnings. The earnings will be disclosed before market opens on August 1, 2024, followed by a conference call at 8:30 a.m. Eastern Time. Investors can access the call via the company's Investor Relations website or by dialing provided contact numbers.

Additionally, Dun & Bradstreet's Chief Financial Officer Bryan Hipsher will participate in key investor conferences in Q3 2024, including the Needham FinTech & Digital Transformation Virtual 1x1 Conference on August 15, the Deutsche Bank Technology Conference on August 28, and the Barclays Global Financial Services Conference on September 10. These events will provide opportunities for investor engagement and insights into the company's strategic direction.

Dun & Bradstreet released its Q3 2024 Global Business Optimism Insights report, highlighting increased optimism despite geopolitical tensions and supply chain disruptions. Notable findings include a 12.3% rise in global business optimism, driven by expected growth in sales and new orders, and a 23.3% increase in investment confidence due to favorable operating conditions and reduced borrowing costs. Regional highlights show a 17% recovery in U.S. business optimism and significant increases in the ICT sector, while the U.K. saw a 4% decline. Other regions such as Indonesia and Japan showed increases of 20% and 22%, respectively. Smaller businesses showed increased optimism in liquidity risk and M&A opportunities. The report's five indices, including supply chain continuity and ESG initiatives, saw improvements, reflecting a positive outlook amid easing global inflation and supportive monetary policies.

Office Depot has announced a new collaboration with Dun & Bradstreet to launch the Power.Up™ program, aimed at helping small business owners with a variety of services. These new offerings include business credit services, marketing data analysis, email campaign management, social media advertising, and more. The initiative is designed to save businesses time and money, improve efficiency, and support their growth. Customers can access these services through Office Depot and OfficeMax stores nationwide, with representatives available to discuss the program in select locations.

According to Kevin Moffitt, EVP of ODP , this partnership combines Dun & Bradstreet's expertise with Office Depot's business solutions to better meet the needs of their customers. The program also addresses current challenges like inflation and supply chain issues, providing tailored solutions for better business management.

Dun & Bradstreet Holdings, Inc. reported financial results for Q1 2024, with revenue reaching $564.5 million, a 4.5% increase from the previous year. GAAP net loss was $23.2 million, while adjusted net income was $85.0 million. North America revenue grew by 3.2%, and International revenue increased by 7.4%. A stock repurchase program for up to 10 million shares was authorized.