IHS (IHS) Affirms Guidance for FY16

IHS Inc. (NYSE: IHS) is reaffirming its 2016 revenue, Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) and Adjusted earnings per diluted share (EPS) guidance. The company plans to publicly reaffirm its earnings guidance in a previously announced presentation at the Barclays Americas Select Franchise Conference 2016 in London tomorrow, May 17, 2016. The event is scheduled for 11:10 AM GMT.

For the year ending November 30, 2016, IHS reaffirms and expects:

• Revenue in a range of $2.30 billion to $2.38 billion, including 2-3 percent subscription organic growth, neutral non-subscription organic growth, and total organic growth of 0-3 percent;
• Adjusted EBITDA in a range of $770 million to $800 million; and
• Adjusted EPS in a range of $6.00 to $6.30 per diluted share.

The above outlook assumes no further currency movements, acquisitions, divestitures, pension mark-to-market adjustments or unanticipated events. See discussion of non-GAAP financial measures at the end of this release.

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