IHS Markit (INFO) Tops Q3 EPS by 8c

IHS Markit (NASDAQ: INFO) reported Q3 EPS of $0.77, $0.08 better than the analyst estimate of $0.69. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.07 billion.

• Revenue of $1.073 billion, including total organic revenue growth of negative 1 percent
• Net income of $164 million and diluted earnings per share (EPS) of $0.41
• Adjusted EBITDA of $486 million and Adjusted earnings per diluted share (Adjusted EPS) of $0.77
• Cash flow from operations of $403 million and free cash flow of $339 million

“In Q3, we delivered solid results as the markets we operate in have begun to recover at varying speeds. We are managing the COVID challenges well while continuing to make the right long-term decisions for the company, shareholders, and the communities that we operate in and serve,” said Lance Uggla, chairman and chief executive officer at IHS Markit.

“We are positioned to deliver results for the year that include recurring organic revenue growth, strong margin expansion, and double-digit normalized earnings growth and are exiting the year in good position to achieve our 2021 outlook,” 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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