earnings
confidence high
sentiment positive
materiality 0.75
S&P Global Q1 revenue record $3.49B, EPS $3.16; raises FY2024 guidance
S&P Global Inc.
2024-Q1 EPS reported
$3.16
revenue$3,491,000,000
- Revenue $3.491B (+10% YoY), record quarterly; GAAP EPS $3.16 (+28%), adj EPS $4.01 (+27%).
- Operating margins expand ~350bps GAAP, ~360bps adjusted to 39.7% and 49.8%.
- Raises FY2024 guidance: revenue growth 6-8%, GAAP EPS $10.80-$11.05, adj EPS $13.85-$14.10.
- Expects ~$1.3B share repurchases through Q3 2024; quarterly dividend $0.91.
- Adjusted FCF guidance raised to ~$4.5B from ~$4.4B; CFO from ops guidance ~$4.2B.