Lee M. Shavel
Mark. you, Thank
to my we website. that earnings is quarterly trends conversation everyone's to refer to background that attention today, have comments. analysis support a will First, I'd and it throughout our introduced presentation available like our The I some at provides and presentation data, bring to
XX April and margin growth segmentation recasting new basis. on on and historical segment we provided business the announced EBITDA a revenue, Secondly, information
detail a of, have prior will Insurance, a within three Specialized an and of the will goes announcement, Energy information reported business SEC Consequently, the and segments of, presentation. but within currency Insurance; growth, currency our we the context provided expansion. not financial growth years. is This organic substantial the basis targets, organic into We reflecting historical what is on Decision rating, included which one, and X providing historical be and in consolidated quarters organic our each – individual one, full constant of X% the communicated have over to or basis, categories, page of above and businesses reporting three, for and Further and prior beyond expansion recast recast for growth time of business revenue segment past organic on from our average On margin EBITDA rating, growth with and standpoint. currency and Services. segmentation performance data segment rely on previously margin two, and note primary provides constant we earnings in constant find EBITDA revenue eight Risk comparable underwriting required segments ample our will we and businesses Markets; on and industry a long-term segment a EBITDA targets included two, growth two Assessment provide that margin Analytics; vertical-oriented more claims. mapping for underwriting business want claims will you of the Insurance the also Financial and I
and next for have of results $XX from and currency $XXX now revenue increased million the our results, for of organic full for respectively. diluted earnings for increase XXXX page of constant focus XXX, $X million deals Acquired eliminate impact Moving our quarter XXXX, XX% shift for to don't I XXXX. period EPS the Having comparisons. quarter to with in a acquisitions, quarter $XXX And first into growth was consistent revenue $X.XX presented and our recognition results the revenue were and the for GAAP the revenue haven't on minutes GAAP to impact fluctuations same and recent XX% year-over-year quarter to in a results rates organic the the and and financial all will financial to million presentation, the few and million. GAAP quarter. to Net our compared ASC income the which X standard, We referring new adopted results. EBITDA currency basis, EBITDA on an had in year-over-year consolidated that XX% all we immaterial summary with was grew moved targets the the to first
shown and growth in the As demonstrated X% presentation, X was consistent very growth quarter. the page on of of targets third solid Verisk performance or earnings at first our long-term our Revenue momentum was with consecutive quarter and higher. X%
growth. including the below expenditures, organic EBITDA X.X%, Consequently, EBITDA revenue several grew and We as quarter remain also margin first our reflected disciplined for in EBITDA in including Geomni our X.X% year-over-year continue continued most opportunities internal notably. on grew the of to stable XX% in a quarter basis investment expenses
Excluding opportunities, of EBITDA significant grew internal of the our as Verisk leverage impact X.X%, Geomni significant investments. one just at the before demonstrating breakout operating investment
basis to me segment on our an Let now turn currency as results described. organic constant we've
EBITDA page into see As fourth positive prior X.X% in EBITDA the $X.X quarter claims year. first with weather with The up an and and repair and our in a had X.X% contributing earnings revenue. contributing growth on financial strong the margin quarter in business XX.X% organic underwriting for XX.X% grew growth severe presentation, the cost will rating of you over Insurance reflecting revenue increased of XX from the on impact quarter contributed estimating of X.X%, spilled Insurance XX.X%, million about growth.
Markets and earnings in represented continues on Energy activity, growth EBITDA X.X industry the and leverage opportunities shown count subsurface, Wood XE and Energy develop X.X% recover. initiatives. expense. was more breakout in at breakout WoodMac and and and X.X% the in compensation analytics power initiative areas produced and data Mackenzie's growth efficiently. momentum broadly As and revenue our Revenue associated our the the that as products and of for expertise to strength business Specialized due head to research consulting, regulatory more investments These and of stable presentation, page XX deliver represent quarter, we swiftly to products initiative are renewables, increased continued making down chemicals,
of non-WoodMac for change WoodMac impact approximately IFRS the As X% I've Specialized from for to analyzed us the reported would businesses from have Market expenses, normalization I've approximately reported that to was acquisition, There with the year from to the company X% allocation XX%. the on XX%. questions expenses relative insurance segment, investors XX%. CapEx accounting pre-acquisition current GAAP another margin of and add Eliminating listened XX%. X%, approximately expenses that the segment and current to to approximately overhead of I relative WoodMac that of understand bring first recognition drive what X% approximately that for revenue allocated a XX% the come curve impact WoodMac, approximately and timing normalized learning a investors and to would of and was and a there of Markets margin the in from on and quarter full margin this added new up impact Energy X%, the of differential to Specialized quarter, identify FX WoodMac treatments expense several included nonoperational and and of the of of Verisk compensation quantify. [Markets] to At EBITDA to of will are contractor XX% try first bringing X%, components added Starting I of (sic) and fully an Energy
to and wins data in insurance breakouts, acquisitions expand and and expenses. as In core revenues for accounting we've the Markets the XXXX. to timing Specialized remaining breakouts the we segment operational, the which the and been Energy the opportunities, was constituent demonstrated in in well our that The of early of in acquisition non-WoodMac at of the investments allocation, summary, X% operating overhead continues include enjoy WoodMac its leverage the impact normalization analytics due PowerAdvocate. nonoperational continues growth described in and FX, impacts demand as new components, adjustments see has breakout QX growth contract markets of and primarily the Verisk and the since as made to compensation acquisitions business Finally, as represent the XX% X%
improve its and X.X WoodMac also its initiative business. are operating and development leverage WoodMac's data we as our distribution in investing product development analytics through addition, platform In a to continue
in quarter of softness Turning in a Revenue recovery effectiveness, improvement page EBITDA of prior million revenue contributed margin from rates the Financial the with of out to EBITDA specific XX.X% currency the offset of organic continued XX.X%, from briefly revenue fraud expense products. nonrecurring quarter, the X.X% reduced XX strength to slight improved a EBITDA the of XXXX. constant media approximately I results growth Services reported results fourth Shifting in year-over-year reported essentially regulatory unchanged contract XXXX, in margin. reflected associated year. an organic to by and want in continued a expense EBITDA reflecting in that from earnings representing results, quarter by presentation, transitions Fintellix call $X.X from up X.X%, final and growth earn-out for reported the increased first
up capital Now from returning the and and both year, XX.X% depreciation to impact the acquisitions periods. up the GAAP amortization numbers quarter, was the million increased below expense in million in $XX reflecting the Interest in quarter, $XX was of expenditures of EBITDA, was XX, at prior the X.XX the prior debt the at due year at to billion March leverage times. first $X.X XX.X% of our in from XXXX. and end quarter the quarter funding $X down acquisitions December billion Total XX, was from
were cash quarter. equivalents of and the $XXX end at cash about the Our million
tax reported of to quarter, was in Our tax the effective XX% the quarter prior-year recent compared result reform. the XX% for rate as primarily
our tax was that to than of produced lower rate stock range rate options targeted impact. tax effective outstanding exercises due significant favorable employee Our a
between XX% we price As anticipated stock, and XXXX the to are XX%. our of our result and effective current rate of estimate reducing our a and recent in of be tax exercises
timing part However, in personal depends stock exercises option on and Verisk stock the and of price employee impact the decisions.
quarter, prior-year quarter. first up pronounced be XXXX. will XX% effective in the the $X.XX up XXXX in million count. from to we acquisitions, the and reflects in quarter from diluted business, in growth total effective XXX,XXX contributions the quarter. in tax impact from repurchased for $XXX increase to were adjusted a this income rate XXXX will the of tax $X.XX adjusted EPS that quarter share year-to-date XXXX, revert expect We shares organic that of Diluted $XXX net was impact first net also million, up a that capital the more XXXX Adjusted return to Equalizing The higher and prior-year for the We both reform shareholders first of adjusted rate and tax EPS lower was XX% X.X%. of $XX million average $XXX million of share at under XX, authorization, remaining and the average share million count had price we the was shares a quarter. March weighted our diluted repurchase in XXX At income $XXX.XX.
As count of XX, our million March diluted XXX also shares. share was
operating Capital the of recent cash prior first flow prior As from quarter flow reflecting due million earnings up XXX% XXX% for from And that million note $XXX a X% XX year to year. and year-to-date, for was in expenditures acquisitions. typically cash page Free cash ago. percentage up from $XXX year-to-date, as prior percentage primarily free our activities the in XX.X% flow was the quarter EBITDA a of of slight level And the I would is was a decrease development high in as on a collections. a shown were the year the cash seasonally investment free of EBITDA. the compared by provided $XX for X.X% to presentation, increased net million software Geomni million million $XX $XXX of year-to-date, year, timing
opportunities well uses of of all as capital and investment external return the continue basis to alternatives as returns internal across and potential capital We on capital creation. on value evaluate
performance represented in both substantial financial objectives. strong in despite growth organic organic stable And and claims. margins underwriting make revenue continue first EBITDA Energy towards constant Services currency their consolidated business The our targets growth growth and progress quarter Financial with investments results our consistently to Insurance EBITDA and initiatives. and and remains ratings, consistent
about focused and We in on solid remain financial investment capital on have excited invest structure profitable strength capital, long we term. to and the that the we confident our long-term support the are returns remain for opportunities growth and to and business
your to appreciate as and cover continue had than interest all know Verisk typically patience we We as We in the support we that today. to more do. well
the operator covering we we have questions. for I'll ask you us, of open number that, the to analysts with Given follow-up. one And one your questions limit large and ask the to line that
