Summary
Equifax Inc. filed this Form 8-K on May 4, 2007, to announce a reorganization of its reportable business segments, effective January 1, 2007. This change follows a strategic review and is intended to provide a clearer structure for reporting financial performance. The company is recasting its segment presentation for the year ended December 31, 2006, within its upcoming 2006 Form 10-K to align with the new structure. Key to investors is the creation of distinct segments: U.S. Consumer Information Solutions, North America Commercial Solutions, and International. A segment named North America Personal Solutions, previously a component of North America Information Services, is now also a standalone reportable segment. This restructuring aims to enhance transparency and comparability of Equifax's diverse business operations.
Key Highlights
- 1Equifax Inc. has reorganized its reportable business segments, effective January 1, 2007, after a strategic review.
- 2The new segments are U.S. Consumer Information Solutions, North America Commercial Solutions, International, and North America Personal Solutions.
- 3The U.S. Consumer Information Solutions segment combines former Marketing Services and North America Information Services (excluding commercial and Canada).
- 4North America Commercial Solutions now encompasses the U.S. and Canadian commercial businesses.
- 5International segment includes Canadian consumer business and all businesses in Europe and Latin America.
- 6North America Personal Solutions, formerly a component, is now a separate reportable segment.
- 7The company will recast its 2006 Form 10-K financial reporting to reflect these new segment classifications.