S&P Global Reports 4th Quarter and Full-Year 2021 Results

*S&P Global Delivered Very Strong Financial Results in 2021
*4th Quarter Revenue Increased 12% and Full-Year Revenue Increased 11%
*Diluted EPS Increased 48% to $2.79 in the 4th Quarter; Increased 29% to $12.51 for the Full Year
*Adjusted Diluted EPS Increased 16% to $3.15 in the 4th Quarter; 17% to $13.70 for the Full Year
*Recent Growth Investments Resulted in New Product Launches and Expanded Capabilities
*Sustainable1 Driving Significant Expansion of ESG Product Offerings
*Achieved Considerable Progress on Merger Preparation and Synergy Validation

S&P Global (NYSE: SPGI) today reported fourth-quarter and full-year 2021 results. The Company reported fourth quarter 2021 revenue of $2.09 billion, an increase of 12% compared to the same period in 2020 with growth in all four businesses.

Fourth quarter net income increased 49% to $675 million and diluted earnings per share increased 48% to $2.79 as in the previous period the Company took a number of lease impairment and restructuring actions aimed at improving future financial performance. Adjusted net income for the fourth quarter increased 17% to $762 million due to revenue growth and productivity improvements. Adjusted diluted earnings per share increased 16% to $3.15. Pre-tax adjustments in the fourth quarter of 2021 totaled $131 million primarily due to IHS Markit merger costs and deal-related amortization.

For the full year, revenue increased 11% to $8.30 billion. 2021 net income increased 29% to $3.02 billion and diluted earnings per share increased 29% to $12.51. 2021 adjusted net income increased 17% to $3.31 billion and adjusted diluted earnings per share increased 17% to $13.70.

“S&P Global delivered very strong financial results in 2021. Based on our customers’ needs, we continue to advance the quality and breadth of our benchmarks, data, ratings, and research. These results, and our ability to refine and enhance our product offerings, are a direct result of the innovative spirit of our people and our sustained investments in advanced technology,” said Douglas L. Peterson, President and Chief Executive Officer of S&P Global. He added, “As we turn to 2022, I am most excited about the new products and capabilities that we will be able to deliver to our clients as a result of combining S&P Global and IHS Markit.”
details at: https://investor.spglobal.com/news-releases/news-details/2022/SP-Global-Reports-4th-Quarter-and-Full-Year-2021-Results/default.aspx

Related Posts

Ad Market Expands 5% In Q2 Despite Mass Market Weakness, Declines Among Major Media

The U.S. ad market expanded more than 5% during the second quarter, despite “mass market weakness,” and declines in some major national media, according to a quarterly update released early this morning by Pivotal Research Group analyst Brian Wieser. He notes that the market expansion continues to come primarily from digital media, as the national TV ad marketplace eroded 1% and other major media experienced “double digit declines.” Click Read More below for additional detail.

Attorneys General Urge FCC To Delay Net Neutrality Repeal

Eighteen state attorneys general on Wednesday asked the Federal Communications Commission to postpone a planned vote on net neutrality until investigators have weeded out fake comments submitted to the agency about its proposed rollback. "If the well of public comment has been poisoned by falsified submissions, the Commission may be unable to rely on public comments that would help it reach a legitimate conclusion to the rulemaking process," the law enforcement officials write. "Or, it must give less weight to the public comments submitted which also undermines the process." The FCC is scheduled to vote Thursday on a proposal to repeal net neutrality rules that prohibit broadband providers from blocking or throttling traffic and from creating paid fast lanes. The agency is expected to repeal the rules on a 3-2 party line vote.

Costco Wholesale Corporation Reports July Sales Results

Costco Wholesale Corporation reported net sales of $17.60 billion for the retail month of July, the four weeks ended July 30, 2023, an increase of 4.5 percent from $16.85 billion last year. For the forty-eight weeks ended July 30, 2023, the Company reported net sales of $214.53 billion, an increase of 4.6 percent from $205.19 billion during the similar period last year.
Back To Top
×Close search
Search