Fourth Quarter Earnings Plunge At Equifax On Charge

Published February 06, 2013, 7:57 p.m. EST

Updated August 26, 2020, 10:28 p.m. EDT

1 Min Read

ATLANTA Credit bureau Equifax Inc. reported a 38% decline in fourth quarter earnings yesterday, to $46.3 million, due to a one-time charge.

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Equifax recorded a $24.1 million, after tax, non-cash pension settlement charge related to lump sum buyouts of certain pension plan participants during the fourth quarter.

The company reported a 9.5% increase in revenue for the fourth quarter to $558 million.

For the full year, Equifax reported a 10% rise in revenue to $2.2 billion, and a 17% rise in net income to $272.1 million.

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