IHS Markit (INFO) Tops Q1 EPS by 2c, Revenues In-Line

IHS Markit (NASDAQ: INFO) reported Q1 EPS of $0.66, $0.02 better than the analyst estimate of $0.64. Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $1.08 billion.

• Revenue of $1.081 billion, including total organic revenue growth of 6 percent
• Net income of $484 million and diluted earnings per share (EPS) of $1.20
• Adjusted EBITDA of $432 million and Adjusted earnings per diluted share (Adjusted EPS) of $0.66
• Cash flow from operations of $120 million and free cash flow of $117 million

“We have analyzed the changing dynamics within our markets, developed a strong plan, and are taking decisive cost action while making room for investment to deliver double-digit earnings growth this year and over the coming years, under multiple revenue scenarios,” said Lance Uggla, chairman and chief executive officer at IHS Markit.

“We are pleased with our excellent Q1 results, which demonstrate the strength of our business model. With the strong decisions we have taken, we are protecting our results during these uncertain times,” said Jonathan Gear, chief financial officer at IHS Markit.

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

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