IHS Markit (INFO) Tops Q1 EPS by 1c, Revenues Beat

IHS Markit (NASDAQ: INFO) reported Q1 EPS of $0.71, $0.01 better than the analyst estimate of $0.70. Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.11 billion.

• Revenue of $1.120 billion, with 3 percent total organic revenue growth
• Net income of $149 million and diluted earnings per share (EPS) of $0.37
• Adjusted EBITDA of $467 million and Adjusted earnings per diluted share (Adjusted EPS) of $0.71
• Cash flow from operations of $245 million and free cash flow of $172 million

“We are very pleased with our start to the year, with all of our segments performing at or above our expectations,” said Lance Uggla, chairman and chief executive officer at IHS Markit.

“As our end markets and business continue to recover, we now expect to deliver results in the upper half of our 2021 revenue, Adjusted EBITDA, and Adjusted EPS guidance ranges,” 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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