IHS Markit (INFO) Tops Q3 EPS by 3c, Revenues Beat; Offers FY18 EPS Outlook Below Consensus

IHS Markit (NASDAQ: INFO) reported Q3 EPS of $0.58, $0.03 better than the analyst estimate of $0.55. Revenue for the quarter came in at $1 billion versus the consensus estimate of $960.81 million.

• Revenue of $1.001 billion, including total revenue growth of 11 percent, total organic revenue growth of 6 percent, and normalized total organic revenue growth of 7 percent
• Net income of $104 million and diluted earnings per share (EPS) of $0.26
• Adjusted EBITDA of $391 million and Adjusted earnings per diluted share (Adjusted EPS) of $0.58
• Cash flow from operations of $346 million and free cash flow of $293 million

“Continued focus on operational execution led to strong financial results in the quarter. I am particularly pleased with the continued sense of urgency and high level of commercial engagement across the firm,” said Lance Uggla, chairman and chief executive officer at IHS Markit.

“We continue to deliver broad-based revenue and profit growth and solid free cash flow conversion,” said Todd Hyatt, chief financial officer at IHS Markit.

GUIDANCE:

IHS Markit sees FY2018 EPS of $2.23-$2.27, versus the consensus of $2.28. IHS Markit sees FY2018 revenue of $4-4.02 billion, versus the consensus of $4.01 billion.

For earnings history and earnings-related data on IHS Markit (INFO) click here.

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