S&P Global Reports Second Quarter Results

Highlights:
Revenue Increased 2%, Reflects 2016 Divestitures and Acquisitions
Organic Revenue Increased 10%
Diluted EPS Increased 13% to $1.62
Adjusted Diluted EPS Increased 19% to $1.72
Operating Profit Margin Increased 80 Basis Points to 45%
Adjusted Operating Profit Margin Increased 330 Basis Points to 47%

S&P Global (NYSE: SPGI) today reported second quarter 2017 results with revenue of $1,509 million, an increase of 2% compared to the same period last year. On an organic basis, second quarter revenue increased 10% with strong growth in every business segment.

Net income increased 10% to $421 million and diluted earnings per share grew 13% to $1.62. Adjusted net income increased 16% to $446 million and adjusted diluted earnings per share increased 19% to $1.72. The adjustments in the second quarter of 2017 were primarily for deal-related amortization, restructuring and an asset write-off.

“All of our business segments contributed solid organic revenue and operating profit growth during the quarter. In particular, S&P Dow Jones Indices growth was outstanding, benefiting from record inflows into passive investments,” said Douglas L. Peterson, President and Chief Executive Officer of S&P Global. “While SPDJI delivered the best top-line growth, the Market and Commodities Intelligence segment delivered the greatest adjusted margin improvement as Market Intelligence continues to successfully deliver synergies from the SNL acquisition.”
more detail at:  http://investor.spglobal.com/Cache/1500101792.PDF?O=PDF&T=&Y=&D=&FID=1500101792&iid=4023623

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