IHS (IHS) Tops Q2 EPS by 5c
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IHS and Markit to Merge, Creating a Global Leader in Critical Information, Analytics and Solutions
March 21, 2016 6:05 AM EDTCombined 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
IHS Inc. Reports First Quarter 2016 Results
March 21, 2016 6:00 AM EDTENGLEWOOD, 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