Verisk Analytics Inc.
Verisk Reports Strong Third-Quarter 2024 Financial Results and Share Repurchase
Summary
Verisk Analytics, Inc. reported strong financial results for the third quarter of 2024, with consolidated revenues increasing by 7.0% to $725 million. Income from continuing operations rose 17.4% to $220 million, and diluted GAAP EPS increased 19.4% to $1.54. Adjusted EBITDA was up 9.4% to $401 million, and free cash flow increased by 22.9% to $241 million. The company also completed a $400 million share repurchase program in October 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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