2023-04-27 07:13:44 ET
- S&P Global press release ( NYSE: SPGI ): Q1 Non-GAAP EPS of $3.15 beats by $0.23 .
- Revenue of $3.16B (+32.2% Y/Y) beats by $100M .
- $500 million ASR executed, with additional $1 billion ASR expected to launch in coming weeks
- The Company is introducing GAAP guidance and updating non-GAAP adjusted guidance for 2023 to reflect the results of the first quarter, our most recent views on the macro-economic and geopolitical environment, and the updated timing of the Engineering Solutions divestiture. 2023 GAAP reported revenue is expected to increase 10% to 12%, based on 12 months of contribution from IHS Markit in 2023 versus 10 months of contribution in 2022. GAAP diluted EPS is expected to be in a range of $8.65 to $8.85.
- Non-GAAP adjusted diluted EPS is still expected in the range of $12.35 to $12.55 vs. $12.47 consensus.
- Non-GAAP adjusted free cash flow excluding certain items is now expected to be in the range of $4.2 to $4.3 billion, compared to prior guidance of $4.3 to $4.4 billion.
For further details see:
S&P Global Non-GAAP EPS of $3.15 beats by $0.23, revenue of $3.16B beats by $100M