earnings
confidence high
sentiment positive
materiality 0.75
S&P Global Q2 revenue $3.55B (+14%); raises 2024 EPS guidance; CEO succession announced
S&P Global Inc.
2024-Q2 EPS reported
$6.38
revenue$7,040,000,000
- Revenue $3.549B (+14% YoY); GAAP EPS $3.23 (+102%), adjusted EPS $4.04 (+30%).
- CEO Douglas Peterson retiring Nov 1; Martina Cheung (Ratings President) named successor; Yann Le Pallec to lead Ratings.
- Raised 2024 guidance: revenue growth 8-10%, GAAP EPS $11.15-11.40, adjusted EPS $14.35-14.60.
- Expects additional $1.5B accelerated share repurchase in coming weeks; quarterly dividend $0.91.
- Closed Visible Alpha acquisition May 1; announces planned Fincentric divestiture in Q3.