Mark Thanks, everyone. good morning and
generally on a from financial before basis. referring represented GAAP results continuing As be to operations the I'll
our additional 'XX to the costs project incurred related XXXX For and the items details margin litigation items We'll launched to professional we for the of excluded of from adjusted of from provide one service $XX the incremental or and related resulting cybersecurity have those EBITDA infrastructure lock-and-alert analysis. non-recurring in government $XX and our launch other $XX IT results security XQ, fees XQ, non-GAAP million. and related can outstanding In generally by costs our adjusted were for a gross related investigations services and implement plans non-recurring time 'XX. cybersecurity in recoveries million insurance develop million were legal at of to generally costs in offset improve incurred total EPS. principally charge and cybersecurity onetime excluded the consider data incident, $XX to million. and on free your the incident. incident non-recurring partly net The These cost to $XX you been million charges other
free be million expenses Total lock-and-alert million. ongoing at related recoveries service costs premier by to incident Going and cost to our trust $XXX to Give all 'XX. gross related included costs and we forward, P&L. incurred to in thing XQ, 'XX about accrued onetime cybersecurity are the incurred million IT all citizens. of project in XQ, offered in related $X non-recurring will offset since other in the gross were insurance up $XX incremental committed operating
in We offsets today cost E&L commitments $XXX pay under we which partially recoveries reference above. have a received the our $XX million which cybersecurity of to against million insurance policy
utilized continue expect the to We policy. fully claims to made
per EPS Equifax For from XQ, much down 'XX; in EBITDA margin in a basis ongoing of in million insurance the being $X.XX Much from indicated last was XQ, XQ, down 'XX part of 'XX reduction ongoing increased the of reflects two-thirds XXX specifically Adjusted X% in share incurred $XXX and about business 'XX. the is XX.X% in of revenue year. as was related of in Cash up related costs of are points Mark XQ, security penny a the from security as guidance. our security referenced increases directly units. margin costs March XXXX other was increases,
risk quantifying we As at continues planning the in with cybersecurity XXXX risk saw XQ, of we expecting million impact by and X% Workforce our decline with does online continued our March going revenue solutions the as Solution information to year. the for commercial at versus decline. $XXX the government was We impact and from ago USIS in are in and business. The XXXX impact in for to USIS incident down more was Identity consistent of in in the CFM. however and the remainder than Online length was the period. revenue and impact identity and decline commercial allow a since compared comparison incident the XXXX in in was greater of This of other expectation wills to point not solutions the revenue we compared half explained XXXX down of first $XXX and be time reasonable our year premiums drove the decline the of this million fraud majority fraud expectations. transition first forward to not expectations. X% online discussed quarter
revenue related USIS revenue X%. online to was related the Total growth return commercial Solutions mortgage half including Equifax up Workforce in online for was expect second for revenue XXXX, X%. X%. of Over the down We core also about up is risk mortgage mortgage
continue mortgage. reports we business inquiries growth revenue USIS overall bureau digits and XQ, expect down XXXX mortgage be the slightly XX%. and market was services XXXX marketing Tri for for than was million. mortgage of we which to in million about down three data to the bureau volumes expect XQ, be In for XQ, single we saw X%. XXXX, to mortgage solutions launch of mortgage benefited Financial $XX market was Our volumes XXXX which just stronger trended all declined $XXX in sell down mortgage under high market by revenue
of revenue which down marketing slightly services was revenues in in credit the IXI services Importantly XQ was about transactions. 'XX lumpy up revenue represents XQ, as quarter the XX% and traditionally revenue of decline IXI in the reflects specific financial XXXX 'XX. it in marketing was over XQ, delay in timing
indicated As progress the incident. with Mark earlier, volume we to working and reduced in cybersecurity customers make continue
in transactions reflected and For impact NPI event customers increased principle increased and plans today, factors. related of to that to XX.X% security products this we of last Consistent best prior reflected and mix worked primarily margin progress guidance share our cost impact sales discussion mortgage as well 'XX March, our down sell XXXX. impact margins cost. made by USIS This other as moved were as and Revenue particularly discussions was We services from loss in -- marketing represented in ability marketing certain services, remainder the impact then being the financial mortgage XXXX. technology particularly resulted have principally in in with into impact, the impacting half will through XQ and increased year. online in likely legal sell XXX impacting diminishing customers for basis The as efforts almost three benefit our the through we as with impacted third-party sales to credits and we process. XXXX some principally on some adjusted look believe approximately EBITDA good forward our into USIS was today points have online.
XQ across The verification X% of growth expect panel government referenced Mark growth 'XX levels million reflects expectations. and that was in and slightly services XQ we management XXXX. Workforce revenue quarter a the better solutions XX% USIS Looking at revenue expense substantially mortgage and increase solutions, and double-digit to mortgage XQ, of XXXX is debt from reflecting mix than lower to margins management. compared when
from million revenue up to both records in Florida, We from and 'XX. an is Unemployment is of up XQ also was active continues the slightly X% of improvement Act. grew Affordable low service Workforce by and 'XX. by makes than about total of year which analytics $XX half In slightly less down last again XQ status being regarding the of claims, impacted unemployment be impacted Care remainder employer rate. the U.S. uncertainty very services
verifier. XX.X% increase cost EBTIDA in explained down a partially technology than adjusted The actual offset on also more in margin was seeing boarding XQ positive shift basis and some verification and and are plan. 'XX number due and of was of security weakness and toward XXX related services by expected The workforce services the positive The consistent continued work We growth decline services across XQ 'XX. long-term points growth solutions from related businesses. by our with revenue the and is verification the to in mix to mix the
basis up EBTIDA workforce flat XXXX. and on XQ in to be on to versus a slightly to solutions continue International currency in We XX% revenue up expect was $XXX 'XX margins local reported basis. million X% up XXXX a
U.S. and up dollars local $XX commercial and currency. identify in XX% up government our vertical million Europe's and consumer driven currency products. in by U.S. local X% strong revenue was 'XX was $XX revenue in dollars Pacific growth million XX% up and XX% in Asia XQ
on the Aventure currency in continues to and high to in debt with government. growth U.K. we offset specifically business combined operations. U.K. As the deliver our our Mark local currency than This mentioned decline single-digit management a revenue Aventure expected local value was greater credit earlier, by saw same government.
'XX in than However, first the half prior the lower in U.K. budget resulted year. government are revenue cycles
U.S. and was in based broad be to debt year. local America's recovers Ecuador. our revenue growth currency Latin million XX% in currency local Mexico We strong 'XX year revenue the $XX with in the up Revenue as services, the U.K. and U.K., as local well revenue double-digit government for expect the of currency. dollars up half full second and total flat about XQ was XX% as in with cluster in as growth Argentina
growth by execution. Candidates' local Chile was good reflect Canada's in million and growth suggested their XQ in and and U.S. 'XX across International EBITDA XX% up up services was to saw driven also volume strong dollars X% continues Central We and local 'XX. in currency. revenue X% analytical decline points we as basis America. at $XX XX.X% a data basis in X% down random XXX was margin was currency as increase down on XQ million well expected revenue, down on as The growth from Consumer globally. a reported in and expand and $XXX analytics reflects spend XQ basis. 'XX solutions technology online
revenue quarter. direct declined in XX% consumer U.S. Our the
we not March, U.S. as consumer reflects a during continued U.S. revenue. Non of 'XX this consumer slightly now least just GCS in up did decline for in discussed by 'XX. XQ in not XX% revenue offset advertise growth is Canada direct the was reduction business subscriptions As at a will reflecting and direct over U.K. XQ we
growth approximately and benefited we completed which reseller in insurance XQs. you Our $X the acquisition XQ for GCS Revenue March. was revenue non-recurring business, $XX in reflecting cybersecurity partner adjusted cost was security quarter incident, 'XX delivered revenue, Watchdog In of XX% in well. XQ the following a 'XX quarter in ID mid growth with by million is associated single-digit spend as expected that the from the discussed and with increases corporate expense transformation general million in up
includes the income Our XX.X% GAAP tax a from awards. benefit million effective effective stock tax of rate $X
adjusted was 'XX tax effective calculating XQ for EPS using rate Our non-GAAP XX.X%.
XX% be million from lower XX.X%. and cash related approximately was capital 'XX the including spending, Capital respectively. cash million. to rate tax cash In up XQ spending insurance the outflow $XX XXXX benefited by flow spend and was effective recoveries. flow cash quarter incident Net flow cash variable working our free for XX% related partially and million the in net $XXX operating was expect to by of cybersecurity incurred $XX other to received compensation capital offset We
For continue 'XX Total XXXX, capital of debt net spending X% approximately we to end of expect to was be billion. at $X.XX the XQ revenue.
did end shares 'XX. leverage expect times and QX the QX, repurchase XQ and gross not X.XX We do was leverage was times XQ of X.X 'XX at net Our not in 'XX.
from XQ and 'XX to our million XXX range on from is to $XXX versus be XQ expect the XXX Using we of years. X% average decline to per the last XQ FX X% between midpoint over reflecting EPS in share, turning to guidance consistent with at and expected 'XX. benefit exchange expected be Now to the with XQ X% $X.XX the Adjusted no XQ million 'XX. EPS in of growth between rates is five increases is be current which our guidance of X% our FX to versus for X% this exchange impact based XQ current 'XX, $XXX share 'XX reflects a quarter. rates adjusted in 'XX, per revenue approximately
Equifax As margins a reminder, was a strongest per ever EPS quarter XQ and XX%. of share adjusted EBITDA 'XX had adjusted of $X.XX
March growth market Consistent guidance, XXXX. in Equifax XXXX benefit to guidance we of revenue XX% Equifax on FX continue year, and X%. revenue with for year In unchanged $X.XXX a and about expect are the revenue volumes assumes EPS for total, current this X% This reflects our to the in call. full between mortgage X% Our rates to billion from expected March revenue XXXX. decline $X.XXX based to of billion. total is be
adjusted our per expected be FX to be to XXXX. unchanged up in to is EPS benefit share between guidance. XXX X% from EPS We expected share per $X and March
continued what the million in $XX data or governmental damages, fines regulatory 'XX. in to excluded IT and cybersecurity be and litigation to estimates related being In expected results costs gross to about claims assumed professional being guidance. expect we cost $XXX security XX% approximately $XXX less XQ cost data investments are costs in insurance was legal offset to These and the our and these by announcements the fees litigation incurred projects million and of incurred resolution and net incur estimates This cybersecurity IT expect financial from do proceeds. incident. XQ from to 'XX, in to not specifically of at non-GAAP are result of for cost. or represent represents XXXX million the investigations slightly of other of investigations that or include address incremental the relates We in incident. to These and any security Investments than
billion for we it 'XX to share about of up relative the open year with guidance. of of adjusted $X.XX to XXXX start the will EPS very using XXXX XXX provides midpoint our our revenue at questions. and guidance, that, half was Looking a per first full strong XQ And
