secwatch.observer — SEC 8-K summary
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Issuer:     S&P Global Inc. (SPGI)
CIK:        0000064040
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0000064040-23-000156
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/64040/000006404023000156/0000064040-23-000156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/64040/000006404023000156/spgi-20230727.htm
  HTML page:      https://secwatch.observer/filing/0000064040-23-000156

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer