secwatch.observer — SEC 8-K summary
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Issuer:     FACTSET RESEARCH SYSTEMS INC (FDS)
CIK:        0001013237
Form:       8-K
Filed at:   2022-03-24T23:59:59+00:00
Accession:  0001013237-22-000052
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FactSet Q2 revenues $431.1M (+10% YoY); EPS $2.84 (+13.6%); completes $1.925B CGS acquisition
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013237/000101323722000052/0001013237-22-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013237/000101323722000052/fds-20220324.htm
  HTML page:      https://secwatch.observer/filing/0001013237-22-000052

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