S&P Global Q2: GAAP EPS down 44% to $1.60, adjusted EPS up 11% to $3.12

S&P Global Inc.

2023-Q2 EPS reported $4.07 revenue$6,261,000,000

Revenue increased 4%; adjusted revenue excl. Engineering Solutions up 7%. Subscription revenue +8% YoY.
GAAP diluted EPS $1.60 (down 44%), adjusted diluted EPS $3.12 (up 11%) due to prior-year gain on dispositions.
Adjusted operating profit margin decreased 100 bps to 46.2% due to low incentive compensation accruals in 2Q22.
Company reiterates full-year 2023 guidance for revenue, margin, EPS, and free cash flow; minor updates to expenses.
Engineering Solutions divestiture closed May 2; $1B ASR near completion, additional $500M ASR to be launched.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

S&P Global Inc. reported the second quarter ended June 30, 2023 results: EPS GAAP diluted earnings per share $1.60; adjusted diluted earnings per share $3.12.

Period: the second quarter ended June 30, 2023
EPS: GAAP diluted earnings per share $1.60; adjusted diluted earnings per share $3.12
Result: reported results

Exact text from the filing

GAAP diluted earnings per share decreased 44% to $1.60 primarily due to a $556 million gain on dispositions in the second quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

S&P Global Inc. reported the full year 2023 results: revenue GAAP Revenue growth 10% - 12%; Adjusted Revenue growth 4% - 6%, EPS GAAP Diluted EPS $8.65 - $8.85; Adjusted Diluted EPS $12.35 - $12.55. Guidance reaffirmed.

Period: the full year 2023
Revenue: GAAP Revenue growth 10% - 12%; Adjusted Revenue growth 4% - 6%
EPS: GAAP Diluted EPS $8.65 - $8.85; Adjusted Diluted EPS $12.35 - $12.55
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

second quarter 2023 results. This earnings release and supplemental materials are available at http://investor.spglobal.com/Quarterly-Earnings. • Reported revenue increased 4%; Adjusted revenue, excluding Engineering Solutions, increased 7%. Vitality revenue from new or enhanced products contributed 11% of reported revenue in Q2. • GAAP EPS decreased

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Source: SEC EDGAR

accession 0000064040-23-000156

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