earnings
confidence high
sentiment positive
materiality 0.80
FactSet Q2 revenues $431.1M (+10% YoY); EPS $2.84 (+13.6%); completes $1.925B CGS acquisition
FACTSET RESEARCH SYSTEMS INC
2022-Q2 EPS reported
$5.63
revenue$855,844,000
- Revenue $431.1M (+10.0% YoY); organic revenue +9.9%; diluted EPS $2.84 (+13.6%); adjusted diluted EPS $3.27 (+20.2%).
- Completed CUSIP Global Services acquisition on March 1 for $1.925B, financed with $1.0B senior notes offering (2.90% due 2027 and 3.45% due 2032).
- Operating margin 28.6% (adjusted 33.7%); EBITDA $146.8M (+11.1%); free cash flow $110.1M (down 15.5% due to taxes).
- Organic ASV + professional services $1.744B, up 9.4% YoY; buy-side ASV growth 8.4%, sell-side 12.6%.
- Expects $45M real estate impairment charges in Q3; $14M additional acquisition expenses; suspended share repurchases until H2 FY2023.