Dun & Bradstreet Holdings, Inc. (NYSE:DNB) Q2 2023 Earnings Call Transcript

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Operator: [Operator Instructions] Your next question comes from Craig Huber from Huber Research Partners.

Craig Huber: Thank you. I’ve got a broad question here for you. Since the take private transaction early 2019, you guys obviously moved out heaven and earth here to help transform the company here. And so I’m curious, versus your original 5-year plan for the company, what inning do you guys think you’re in right now, for sure, what you’re originally planning to do here?

Anthony Jabbour: Craig, thanks for the question. It’s interesting from the take private and even the IPO, which was just three years ago, it seems like a long time ago, I’d say we’re very much on track, and we’re very confident with where we’re headed. So initially, in the IPO, we talked about growing from 0% to 3% and then for a period of time and then from 3% to 6%. And three years later, we’re above the first range into the second one. And six months ago at our Investor Day, we guided a midterm range of 5% to 7%, where the company is heading. And so I’d say, we’re very confident of being where we thought we would be. And again, when we talk about the durability of this business, that’s through a global pandemic, conflict in Ukraine, hyperinflation, rising rates, currency volatility, like so much other macro effects out there that, again, it just continues to give me and our team confidence in the quality of this business and the march that we’re on in terms of really getting all the growth that we possibly can with this business.

Craig Huber: And my last question to you, if I could ask, you guys had a pretty cautious view, I recall, coming into the year on the macro environment stuff. I’m just curious, how is that sort of playing out in your mind here? Is it feel better out there, the macro environment like in North America versus what you might have thought coming into the year? It’s about the same or worse?

Anthony Jabbour: Yes. It’s always hard at the beginning of the year to talk about what the macro environment is going to be for the coming year. And what I said, we looked at it in two buckets, right? What will the macro do and what will our ongoing transformation provide us to fight any negative macro headwinds? And to a large degree, I feel like the macro is sort of operating in the range that we thought it would. Bryan, do you have any other comments you’d add on macro?

Bryan Hipsher: No. I think, Craig, as we’ve talked about, it’s pretty consistent with our original expectations and flight out that way. And so I think that continues to be our view for the remainder of the year. But it’s one of the benefits of having the connectivity of the customers, the insights that we have, the data informs our thinking in how we plan it. And so certainly, we always think about what you say drinking your own champagne. And so that was certainly something that’s played out and allowed us to plan and execute appropriately.

Operator: Thank you. There are no further questions at this time. I’ll now turn the call over to Anthony Jabbour. Mr. Jabbour, you can continue.

Anthony Jabbour: Thank you, Sergio. As always, I’d like to thank my Dun & Bradstreet colleagues for their exceptional efforts to sustainably grow our business for the years to come and to our great clients for their partnership and guidance. Thank you for your interest in Dun & Bradstreet and have a wonderful rest of your day.

Operator: Ladies and gentlemen, this concludes your conference call for today. We thank you for participating and ask that you please disconnect your lines. Thank you.

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