D&B Announces Third Quarter 2012 Results And Reaffirms Full Year 2012 Guidance

D&B (NYSE: DNB), the world's leading source of commercial information and insight on businesses, today reported results for the third quarter ended September 30, 2012.

“D&B had a solid third quarter despite a difficult environment, and we remain on track to meet our full year guidance,” stated Sara Mathew, Chairman and Chief Executive Officer. With 2012 mostly behind us, the management rotation between Byron and Manny is designed to get us ready for 2013. Both leaders have a deep understanding of our business and will play a critical role in driving value for our customers, shareholders and team members. Please join me in congratulating Manny and Byron on their new responsibilities.”

Third Quarter 2012 Results

Diluted earnings per share before non-core gains and charges for the quarter ended September 30, 2012 were $1.76, up 24% from $1.42 in the prior year similar period.

On a GAAP basis, diluted earnings per share for the quarter ended September 30, 2012 were $1.76, up 48% from $1.19 in the prior year similar period.

See attached Schedule 3 for a reconciliation of diluted earnings per share before non-core gains and charges to earnings per share on a GAAP basis, as well as the definitions of the non-GAAP financial measures that the Company uses to evaluate the business.

Core revenue for the third quarter of 2012 was $413.2 million, up 2% before the effect of foreign exchange (up 1% after the effect of foreign exchange), as compared to the prior year similar period.

Core revenue results for the third quarter of 2012 reflect the following by solution set:
  • Risk Management Solutions revenue of $265.8 million, down 1% before the effect of foreign exchange (down 3% after the effect of foreign exchange), as compared to the prior year similar period;
  • Sales & Marketing Solutions revenue of $117.5 million, up 11% before the effect of foreign exchange (up 10% after the effect of foreign exchange), as compared to the prior year similar period; and
  • Internet Solutions revenue of $29.9 million, down 2% before the effect of foreign exchange (down 3% after the effect of foreign exchange), as compared to the prior year similar period.

See attached Schedules 4, 5 and 6 for additional detail.

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