McGraw Hill Financial (MHFI) Tops Q2 EPS by 14c
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McGraw Hill Financial Reports Second Quarter Results
July 27, 2015 7:31 AM EDTNEW YORK, July 27, 2015 /PRNewswire/ -- McGraw Hill Financial, Inc. (NYSE: MHFI) today reported second quarter 2015 results with revenue of $1.34 billion, an increase of 3% compared to the same period last year. Net income and diluted earnings per share from continuing operations were $353 million and $1.28, respectively.
Adjusted net income from continuing operations increased 17% to $335 million and adjusted diluted earnings per share from continuing operations increased 17% to $1.21. The adjustments in the second quarter of 2015, which netted to a gain, were primarily related to insurance recoveries related to legal settlements, additional... More
McGraw Hill Financial to Acquire SNL Financial
July 27, 2015 7:30 AM EDTNEW YORK, July 27, 2015 /PRNewswire/ -- McGraw Hill Financial (NYSE: MHFI) today announced that it has signed a definitive agreement to acquire SNL Financial for approximately $2.225 billion in cash. The economic impact to McGraw Hill Financial will be partially offset by tax benefits with an estimated present value of approximately $550 million resulting from the transaction. SNL is privately held by an affiliate of New Mountain Capital LLC and current and former members of SNL management.
SNL's deep product experience and rich sets of data, analytics and research in... More
