By Paulo Trevisani


Dun & Bradstreet Holdings, Inc. said Thursday it expects foreign exchange to be a stronger headwind than expected after it hurt second quarter revenue amid a strong dollar.

The Jacksonville, Fla., provider of business analytics said it now expects FX to be a 2.5% headwind on revenue, up from 0.5% in previous guidance. It said the change is related to the U.S. dollar's strengthening against the euro, Swedish krona and British pound.

The company said adjusted revenue after the impact of foreign exchange is expected at $2.23 billion to $2.27 billion.

"While the impact of foreign exchange on revenues is $60 million for the year, the impact to EBITDA is only $9 million due to the favorable offset in expenses," the company said.

Adjusted per-share earnings are seen at $1.10 to $1.17, primarily driven by higher expected interest expense on the variable portion of debt and the impact of foreign exchange, it said.

Dun & Bradstreet reported revenue of $156 million for the second quarter in its International segment, a 4.7% decrease from a year earlier. It said FX had a negative impact of $15.9 million.


Write to Paulo Trevisani at paulo.trevisani@wsj.com


(END) Dow Jones Newswires

08-04-22 0942ET