Welcome to our dedicated page for Equifax, Incorporated news (Ticker: EFX), a resource for investors and traders seeking the latest updates and insights on Equifax, Incorporated stock.
Equifax, Incorporated (NYSE: EFX) is a global leader in consumer, commercial, and workforce information solutions. The company provides critical insights and information to businesses of all sizes and consumers, helping them make informed decisions with confidence. Headquartered in Atlanta, Equifax manages data on over 600 million consumers and 81 million businesses worldwide, operating in 24 countries across North America, Central and South America, Europe, and the Asia Pacific region.
Equifax's core business revolves around its extensive database and advanced analytics. The company generates significant revenue from its credit reporting services, which are fundamental in the credit decision-making process of lenders. Alongside Experian and TransUnion, Equifax is one of the major credit bureaus in the United States, offering detailed credit histories on millions of consumers.
The firm's Workforce Solutions division contributes over 40% of its revenue, providing services such as income verification and employer human resources services. In recent years, Equifax has expanded its product offerings, notably with the launch of Smart Screen™, a portfolio of consumer reports designed to streamline criminal background checks. This product leverages the Equifax Cloud™ and TotalVerify™ data hub, accelerating the background check process for employers and government agencies.
Financially, Equifax has performed robustly, despite challenges such as the fluctuating mortgage market and foreign exchange impacts. The company reported a revenue increase of 6% year-over-year in Q3 2023, driven by strong performances in non-mortgage sectors and international markets. Equifax continues to innovate, recently acquiring Boa Vista Serviços, the second largest credit bureau in Brazil, to bolster its presence in the South American market.
Equifax places a strong emphasis on data security and compliance, particularly following the 2017 cybersecurity incident. The company has since made significant investments in improving its technology infrastructure and data security measures. Equifax is committed to ethical data usage, supporting initiatives like fair chance hiring through data-driven decisions that expand employment opportunities for individuals with criminal histories.
For more information about Equifax's products, services, and latest news, please visit Equifax.com.
Equifax announced the appointment of Barbara Larson, former CFO of Workday, to its board of directors. Larson brings over two decades of financial leadership and experience in human capital management and enterprise technology. Her addition aligns with Equifax's strategic priorities to grow non-mortgage business through innovation.
Equifax has declared a quarterly dividend of $0.39 per share, payable on June 14, 2024, to shareholders of record as of May 24, 2024. The company has a history of paying cash dividends for over 100 years.
Equifax (NYSE: EFX) will be participating in various investor conferences in May. Mark W. Begor, CEO, and John Gamble, CFO, will attend events including Fireside Chats. Investors can join live webcasts and replays will be available on the Investor Relations website. Trevor Burns, Senior VP of Corporate Investor Relations, will also attend conferences.
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