earnings
confidence high
sentiment neutral
materiality 0.80
S&P Global Q4 GAAP EPS $1.33, adj. EPS $2.54; guides FY23 adj. EPS $12.35-$12.55
S&P Global Inc.
2022-FY EPS reported
$10.20
revenue$11,181,000,000
- Q4 GAAP net income $433M ($1.33 EPS) down 36% YoY; adjusted EPS $2.54 down 5% from pro forma.
- Full-year 2022 GAAP revenue $11.18B (+35% reported); adjusted revenue down 4% pro forma; adj. EPS $11.19 down 4%.
- Ratings transaction revenue fell 51% in Q4 on lower issuance; adjusted operating margin 48.0%, down 910 bps.
- Completed $12B ASR in 2022; Board authorized up to $3.3B in 2023 share repurchases; Q1 dividend $0.90/share.
- Engineering Solutions divestiture to KKR for ~$975M (~$750M after-tax) expected to close by Q2 2023.