Verisk Analytics Non-GAAP EPS of $1.46 misses by $0.01, revenue of $745.3M misses by $9.85M
Verisk Analytics press release (NASDAQ:VRSK): Q3 Non-GAAP EPS of $1.46  misses by $0.01.
Revenue of $745.3M (-1.8% Y/Y)  misses by $9.85M.
Consolidated and OCC Revenue and Adjusted EBITDA growth were negatively impacted by the suspension of all commercial operations in Russia.
Net cash provided by operating activities was $280.2 million, down 1.8% and free cash flow, a non-GAAP measure, was $214.4 million, down 4.2% for the third quarter of 2022.
We paid a cash dividend of 31 cents per share on September 30, 2022. Our Board of Directors approved a cash dividend of 31 cents per share payable on December 30, 2022.
We repurchased $300.0 million of our shares during the third quarter of 2022.
We signed a definitive agreement to sell our Energy business, Wood Mackenzie, to Veritas Capital for $3.1 billion in cash consideration payable at closing plus future additional contingent consideration of up to $200 million.