IHS Markit (Nasdaq: INFO), a world leader in critical
information, analytics and solutions, today reaffirmed its 2017
revenue, Adjusted EBITDA (Earnings Before Interest, Taxes,
Depreciation and Amortization) and Adjusted earnings per diluted
share (EPS) guidance. Company management plans to present at the
Barclays Americas Select Franchise Conference at the Langham Hotel
in London on Wednesday, May 17, 2017, at 8:30 a.m. GMT.
Outlook (forward-looking statement)
For the year ending November 30, 2017, IHS Markit reaffirms and
expects:
- Revenue in a range of $3.490 billion to
$3.560 billion, including total organic growth of 2 percent to 4
percent;
- Adjusted EBITDA in a range of $1.375
billion to $1.400 billion; and
- Adjusted EPS in a range of $2.02 to
$2.08 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.
Use of Non-GAAP Financial Measures
Non-GAAP results are presented only as a supplement to our
financial statements based on U.S. generally accepted accounting
principles (GAAP). Non-GAAP financial information is provided to
enhance the reader’s understanding of our financial performance,
but none of these non-GAAP financial measures are recognized terms
under GAAP and non-GAAP measures should not be considered in
isolation or as a substitute for financial measures calculated in
accordance with GAAP. We are unable to present a quantitative
reconciliation of the forward-looking non-GAAP financial
information presented in this release without unreasonable effort
because management cannot reliably predict the necessary components
of such measures aside from those components described above in
this release. Accordingly, investors are cautioned not to place
undue reliance on this information.
We use non-GAAP measures in our operational and financial
decision-making, believing that it is useful to exclude certain
items in order to focus on what we deem to be a more reliable
indicator of ongoing operating performance and our ability to
generate cash flow from operations. As a result, internal
management reports used during monthly operating reviews feature
the Adjusted EBITDA, Adjusted net income, Adjusted EPS, and free
cash flow metrics. We also believe that investors may find non-GAAP
financial measures useful for the same reasons, although investors
are cautioned that non-GAAP financial measures are not a substitute
for GAAP disclosures.
Non-GAAP measures are frequently used by securities analysts,
investors, and other interested parties in their evaluation of
companies comparable to IHS Markit, many of which present non-GAAP
measures when reporting their results. These measures can be useful
in evaluating our performance against our peer companies because we
believe the measures provide users with valuable insight into key
components of GAAP financial disclosures. However, non-GAAP
measures have limitations as an analytical tool. Non-GAAP measures
are not necessarily comparable to similarly titled measures used by
other companies. They are not presentations made in accordance with
GAAP, are not measures of financial condition or liquidity, and
should not be considered as an alternative to profit or loss for
the period determined in accordance with GAAP or operating cash
flows determined in accordance with GAAP. As a result, you should
not consider such performance measures in isolation from, or as a
substitute analysis for, results of operations as determined in
accordance with GAAP.
Forward-Looking Statements
This communication contains “forward-looking statements” within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. In this context,
forward-looking statements often address expected future business
and financial performance and financial condition, and often
contain words such as “anticipate,” “intend,” “plan,” “goal,”
“seek,” “aim,” “strive,” “believe,” “see,” “project,” “predict,”
“estimate,” “expect,” “continue,” “strategy,” “future,” “likely,”
“may,” “might,” “should,” “will,” “would,” “target,” similar
expressions, and variations or negatives of these words.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations, and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, the economy, and other future
conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks, and
changes in circumstances that are difficult to predict and many of
which are outside of our control. A detailed discussion of some of
the risks and uncertainties that could cause our actual results and
financial condition to differ materially from the forward-looking
statements is described under the caption “Risk Factors” in our
most recent annual report on Form 10-K, along with our other
filings with the U.S. Securities and Exchange Commission. Any
forward-looking statement made by us in this communication is based
only on information currently available to us and speaks only as of
the date of this report. We do not assume any obligation to
publicly provide revisions or updates to any forward-looking
statements, whether as a result of new information, future
developments or otherwise, should circumstances change, except as
otherwise required by securities and other applicable laws. Please
consult our public filings at www.sec.gov or www.ihsmarkit.com.
About IHS Markit
www.ihsmarkit.com
IHS Markit (Nasdaq: INFO) is a world leader in critical
information, analytics and solutions for the major industries and
markets that drive economies worldwide. The company delivers
next-generation information, analytics and solutions to customers
in business, finance and government, improving their operational
efficiency and providing deep insights that lead to well-informed,
confident decisions. IHS Markit has more than 50,000 key
business and government customers, including 85 percent of the
Fortune Global 500 and the world’s leading financial institutions.
Headquartered in London, IHS Markit is committed to
sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. All
other company and product names may be trademarks of their
respective owners. © 2017 IHS Markit Ltd. All rights reserved.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170516005124/en/
IHS MarkitNews Media Contact:Dan Wilinsky,
+1-303-397-2468dan.wilinsky@ihsmarkit.comorInvestor Relations
Contact:Eric Boyer, +1-303-397-2969eric.boyer@ihsmarkit.com
IHS Markit Ltd. (NASDAQ:INFO)
Historical Stock Chart
From Apr 2024 to May 2024
IHS Markit Ltd. (NASDAQ:INFO)
Historical Stock Chart
From May 2023 to May 2024