S&P Global Reports First Quarter Results

The Company reported first quarter 2024 revenue of $3.491 billion, an increase of 10% compared to the first quarter of 2023. First quarter GAAP net income increased 25% to $991 million and GAAP diluted earnings per share increased 28% to $3.16 as higher net income was driven primarily by strong growth in Ratings and Indices, and lower merger-related costs. Excluding the impact of Engineering Solutions (ES), revenue growth would have been 14% year over year. Adjusted net income for the first quarter increased 24% to $1,258 million and adjusted diluted earnings per share increased 27% to $4.01.

“S&P Global’s first quarter results are a testament to the value we create for our customers around the world, as well as the strength of our global franchise, our world-class team, and our commitment to innovation.

We reported record quarterly revenue and significant operating margin expansion, while continuing to invest in strategic initiatives to position us for longterm growth and productivity. These include our strong positions in artificial intelligence with Kensho, sustainability and energy transition, and private markets.

We are confident that our leadership in data, analytics, research, and benchmarks to power global markets will continue to serve customers and shareholders alike.” Douglas Peterson, President and CEO
details at: https://s29.q4cdn.com/690959130/files/doc_financials/2024/q1/sp-global-1q-2024-earnings-release-exhibits-4-25-2024.pdf

Related Posts

U.S. Postal Service Board of Governors to Meet May 9

The U.S. Postal Service Board of Governors will meet May 9, 2023, in open session at Postal Service headquarters, 475 L’Enfant Plaza, SW, Washington, DC. The public is welcome to observe the meeting beginning at 4:00 p.m. ET in the Benjamin Franklin Room on the 11th floor. A public comment period will begin immediately following the adjournment of the open session on May 9. During the public comment period, which shall not exceed 45 minutes, members of the public may comment on any item or subject listed on the agenda for the open session above. Registration for participation in the public comment period is required. Additionally, the public will be given the option to join the public comment session and participate via teleconference.

Future To Acquire Five Specialist Titles From Haymarket Media Group

Future plc, the global platform for specialist media, today announces the proposed acquisition of five specialist consumer titles from Haymarket Media Group for up to £14m. The five titles are, What Hi-Fi?, FourFourTwo, Stuff, Practical Caravan and Practical Motorhome. The intended acquisition of popular brand What Hi-Fi? provides an entry into the complementary audio visual market, whilst Stuff complements Future’s existing technology brands. The acquisition of Stuff is conditional on Competition and Markets Authority approval. These brands will present Future with the opportunity to continue its strategy of organic growth in line with its content monetization strategy.

The Home Depot Announces Second Quarter Results

The Home Depot® reported sales of $28.1 billion for the second quarter of fiscal 2017, a 6.2 percent increase from the second quarter of fiscal 2016. Comparable store sales for the second quarter of fiscal 2017 were positive 6.3 percent, and comp sales for U.S. stores were positive 6.6 percent. Net earnings for the second quarter of fiscal 2017 were $2.7 billion, or $2.25 per diluted share, compared with net earnings of $2.4 billion, or $1.97 per diluted share, in the same period of fiscal 2016. For the second quarter of fiscal 2017, diluted earnings per share increased 14.2 percent from the same period in the prior year. Click Read More below for additional detail.
Back To Top
×Close search
Search