McGRAW HILL FINANCIAL REPORTS
4th QUARTER AND FULL-YEAR 2015 RESULTS
Strong Fourth Quarter Results Cap a Solid Year
4th Quarter Revenue Increased 7% and Full-Year Revenue Increased 5%
Diluted EPS from Continuing Operations Increased to $0.91 in the 4th Quarter and $4.21 for the Full Year
Adjusted Diluted EPS from Continuing Operations Increased 9% to $1.04 in the 4th Quarter and 17% to $4.53 for the Full Year
Integration of SNL Progressing Well with Additional Synergies Identified
Annualized Dividend Increased 9% to $1.44 per Share Declared
Pending Shareholder Approval, the Company Will Be Re-branded "S&P Global"
New York, NY, February 4, 2016 – McGraw Hill Financial, Inc. (NYSE: MHFI) today reported fourth quarter and full-year 2015 results. The Company reported fourth quarter 2015 revenue of $1.37 billion, an increase of 7% compared to the same period last year. Excluding the impact of foreign exchange, fourth quarter revenue increased 8%. Fourth quarter net income and diluted earnings per share from continuing operations were $248 million and $0.91, respectively. For the full year, revenue increased 5% to $5.31 billion and net income and diluted earnings per share from continuing operations were $1,156 million and $4.21, respectively.
Adjusted net income from continuing operations for the quarter increased 8% to $284 million, and adjusted diluted earnings per share from continuing operations increased 9% to $1.04. Adjustments include the impact of charges related primarily to restructuring, legal and regulatory settlements and SNL acquisition costs. For the full year, adjusted net income from continuing operations increased 16% to $1,244 million and adjusted diluted earnings per share from continuing operations increased 17% to $4.53.
“An important goal for the Company has been creating growth and driving performance. In 2015, we made great strides on both fronts. Two prominent examples are the addition of SNL, a high-growth data and analytics business to help create growth, and the progress on the Company's productivity initiatives which drove performance with a significant improvement in the 2015 adjusted operating margin," said Douglas L. Peterson, President and Chief Executive Officer of McGraw Hill Financial. He added, “Creating growth and driving performance continue to be at the forefront of our efforts in 2016. Our focus will be on execution in a difficult macro-economic environment as we drive financial performance, integrate SNL, enhance the customer experience and expand collaboration enterprise-wide, all while maintaining a culture of integrity and accountability."
The following information was filed by Sp Global Inc. (SPGI) on Thursday, February 4, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.