IHS (IHS) Tops Q2 EPS by 5c
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March 21, 2016 6:05 AM EDT
Combined company creates a global information powerhouse with leading
positions in energy, financial services and transportation, serving a
world-leading customer base with the opportunity to deliver a broader
set of next-generation solutions across industries
Immediately accretive to combined adjusted earnings; expected
combined free cash flow of more than $900 million in 2017
Significant value creation through clearly identified cost synergies
of $125 million and revenue opportunities of $100 million
$1 billion share repurchase program in each of 2017 and 2018
LONDON & ENGLEWOOD, Colo.--(BUSINESS WIRE)--
IHS (NYSE: IHS) and Markit (NASDAQ:... More
March 21, 2016 6:00 AM EDT
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
IHS Inc. (NYSE: IHS), the leading global source of information and
analytics, today reported results for the first quarter ended
February 29, 2016.
Revenue of $548 million, up 7 percent from the prior-year period
Total organic revenue growth of 3 percent, with 1 percent subscription
organic revenue growth
Adjusted EBITDA of $180 million, up 13 percent from the prior-year
period
Adjusted earnings per diluted share (Adjusted EPS) of $1.40, up 10
percent from the prior-year period
Free cash flow of...
More
