TRU - TransUnion (TRU) Q1 2024 Earnings Call Transcript
2024-04-25 15:30:08 ET
TransUnion (TRU)
Q1 2024 Earnings Conference Call
April 25, 2024, 09:30 AM ET
Company Participants
Greg Bardi - VP, IR
Chris Cartwright - President and CEO
Todd Cello - EVP and CFO
Conference Call Participants
Andrew Steinerman - JPMorgan
Faiza Alwy - Deutsche Bank
Jeff Meuler - Baird
Manav Patnaik - Barclays
Kelsey Zhu - Autonomous
Toni Kaplan - Morgan Stanley
Heather Balsky - Bank of America
Ashish Sabadra - Deutsche Bank
Presentation
Operator
Hello, and welcome to the TransUnion First Quarter 2024 Earnings Call. [Operator Instructions]
As a reminder, this conference is being recorded.
I would now like to hand the call to Greg Bardi, Vice President, Investor Relations. Please go ahead.
Greg Bardi
Good morning, and thank you for attending today. Joining me on the call are Chris Cartwright, President and Chief Executive Officer; and Todd Cello, Executive Vice President and Chief Financial Officer.
We posted our earnings release and slides to accompany this call on the TransUnion Investor Relations website this morning, and they can be found in the current report on Form 8-K that we filed this morning. Our earnings release and the accompanying slides include various schedules, which contain more detailed information about revenue, operating expenses and other items, as well as certain non-GAAP disclosures and financial measures along with the corresponding reconciliation of these non-GAAP financial measures to their most directly comparable GAAP measures.
Today's call will be recorded, and a replay will be available on our website. We also making statements during this call that are forward-looking. These statements are based on current expectations and assumptions are subject to risks and uncertainties. Actual results could differ materially from those described in the forward-looking statements because of factors discussed in today's earnings release and the comments made during this conference call and in our most recent Form 10-K, Forms 10-Q and other reports and filings with the SEC. We do not take any -- we do not undertake any duty to update any forward-looking statement.
With that, let me turn it over to Chris. .
Chris Cartwright
Thanks, Greg, and let me add my welcome and share our agenda for the call this morning.
First, I'll provide the highlights of our first quarter 2024 results, including an update on our progress against our transformation initiatives. Second, I will discuss our India growth story. And finally, Todd will detail our first quarter results, along with our second quarter and full year 2024 guidance. .
In the first quarter, TransUnion significantly exceeded guidance across revenue, adjusted EBITDA and adjusted diluted earnings per share. Given the strength in the quarter, we are raising our full year 2024 guidance, which Todd will describe later, while still maintaining a conservative guidance posture given still tepid market conditions and macroeconomic and geopolitical uncertainties. Revenue in the quarter exceeded $1 billion for the first time in the company's history, growing 8% plus on an organic constant currency basis, well above our 3% to 4% guidance....
TransUnion (TRU) Q1 2024 Earnings Call Transcript