Equifax Inc at Evercore ISI Payments & FinTech Innovators Forum (Virtual) Transcript

Jan 22, 2024

Mar 02, 2023 / 02:30PM GMT
David Mark Togut - Evercore ISI Institutional Equities, Research Division - Senior MD

Welcome to Evercore ISI's Seventh Annual Payments and FinTech Innovators Forum. I'm David Togut. I lead the Payments Processors and IT Services Research team here at Evercore ISI. Delighted to host Equifax management today representing Equifax will be John Gamble, Chief Financial Officer. John, welcome. Thanks so much for being here.

John W. Gamble - Equifax Inc. - Executive VP, CFO & COO

David, thanks for having us. We appreciate it.

Questions and Answers:

David Mark Togut - Evercore ISI Institutional Equities, Research Division - Senior MD

Last month, Equifax announced a restructuring that will reduce your workforce by 10%, including contractors, which will help drive $200 million of cash OpEx and CapEx savings this year and $250 million next year. Some of the savings will be offset by higher variable compensation and commission expense. This year, what will be the cadence of any OpEx and CapEx savings flowing through the

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