DNB - Dun & Bradstreet Holdings Inc. (DNB) Q4 2023 Earnings Call Transcript

2024-02-15 15:16:03 ET

Dun & Bradstreet Holdings, Inc. (DNB)

Q4 2023 Results Conference Call

February 15, 2024 08:30 AM ET

Company Participants

Sean Anthony - Vice President, Corporate Financial Planning and Analysis

Anthony Jabbour - Chief Executive Officer

Bryan Hipsher - Chief Financial Officer

Conference Call Participants

Kyle Peterson - Needham & Company

Seth Weber - Wells Fargo

Andrew Jeffrey - Truist Securities

Andrew Steinerman - JPMorgan

Manav Patnaik - Barclays

Heather Balsky - Bank of America

Presentation

Operator

Ladies and gentlemen, good morning, and welcome to the Dun & Bradstreet Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Mr. Sean Anthony, VP, Corporate FP&A and Investor Relations. Please go ahead, sir.

Sean Anthony

Thank you. Good morning, everyone, and thank you for joining us for Dun & Bradstreet's financial results conference call for the fourth quarter and full year ending December 31, 2023. On the call today, we have Dun & Bradstreet's CEO, Anthony Jabbour; and CFO, Bryan Hipsher.

Before we begin, allow me to provide a disclaimer regarding forward-looking statements. This call, including the Q&A portion of the call, may include forward-looking statements related to the expected future results for our company and are, therefore, forward-looking statements. Our actual results may differ materially from our projections due to a number of risks and uncertainties. The risks and uncertainties that forward-looking statements are subject to are described in our earnings release and other SEC filings.

Today's remarks will also include references to non-GAAP financial measures. Additional information, including reconciliation between non-GAAP financial information to the GAAP financial information, is provided in the press release and supplemental slide presentation. This conference call will be available for replay via webcast through Dun & Bradstreet's Investor Relations website at investor.dnb.com.

With that, I'll now turn the call over to Anthony.

Anthony Jabbour

Thank you, Sean. Good morning, everyone, and thank you for joining us for our fourth quarter and full year 2023 earnings call. On today's call, I'll start with a brief overview of our fourth quarter and full year results followed by a look back at some of our most significant accomplishments in 2023 and a brief view into our plans for 2024. After that, I'll pass the call over to Bryan for an in-depth review of our results and to discuss our guidance expectations for 2024. We'll then open up the call for Q&A and finish up with a few closing comments.

With that, let's get started. We finished off 2023 with not only our strongest quarter of the year, but our strongest quarter since going public. We had organic revenue growth of 5.1%, adjusted EBITDA of $261 million and adjusted net earnings of $140 million or $0.32 of EPS. We beat our guidance in both revenues and earnings. And we're still able to balance continued investment in our new innovations and product enhancements that helped support our 30% vitality index in the quarter....

For further details see: