Verisk Analytics Inc.
Verisk Reports Q4 and Full-Year 2023 Financial Results and Announces Share Repurchase Program and Dividend Increase
Summary
Verisk Analytics, Inc. announced its financial results for Q4 and full-year 2023. Consolidated revenues for Q4 were $677.2 million, up 7.4%, and up 6.0% on an organic constant currency basis. Income from continuing operations for Q4 was $182.3 million, down 15.5%. Adjusted EBITDA for Q4 was $362.0 million, up 9.0% and 6.5% on an organic constant currency basis. The company also reported a dividend of 34 cents per share paid on December 31, 2023, and a new 15% dividend increase to 39 cents per share, payable on March 29, 2024. Furthermore, Verisk repurchased $250 million of its shares during Q4 2023 and received an additional $1.0 billion share repurchase authorization on February 14, 2024.
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About Verisk Analytics Inc.
Verisk Analytics Inc. is a prominent data analytics and risk assessment company that provides critical information and insights to clients across various industries. Its primary function is to offer advanced data analytics solutions that help businesses enhance their decision-making processes and improve risk management strategies. Verisk serves sectors such as insurance, energy, financial services, and natural resources, offering specialized data and analytical tools that assist in operational efficiency and strategic planning. Known for its vast databases and sophisticated analytics, Verisk enables companies to reduce losses, optimize supply chains, and comply with regulatory standards. With a focus on innovation and the integration of artificial intelligence and machine learning technologies, Verisk plays a vital role in transforming raw data into actionable intelligence, helping organizations to navigate complex challenges and seize new opportunities. As a leader in its field, Verisk Analytics constantly adapts to the evolving needs of industries it serves, thereby maintaining its significant position in the market.
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