Morningstar Q3 revenue up 9.2% but posts net loss of $0.21 per share; operating income down 67.6%

Morningstar, Inc.

2022-Q3 EPS reported $1.56 revenue$1,395,600,000

Revenue $468.2M (+9.2% reported, +8.5% organic); license-based up 19.4%; asset-based down 1.6%; transaction-based down 20.7%.
GAAP diluted EPS ($0.21) vs $1.13; adjusted diluted EPS $0.77 (-44.2%); operating income $22.0M (-67.6%).
Recorded $30.1M in costs from reducing China operations; expects completion by Q3 2023; severance $26.3M.
PitchBook revenue +38.7%; Sustainalytics +32.3% (organic +45.8%); DBRS Morningstar -20.4% due to weak issuance.
Amended credit facility to $1.3B; ended Q3 with $407.1M cash and $1.2B debt; share repurchases $15.2M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Morningstar, Inc. reported the third quarter ended September 30, 2022 results: revenue $468.2 million, net income ($0.21) per diluted share, EPS ($0.21) per diluted share.

Period: the third quarter ended September 30, 2022
Revenue: $468.2 million
Net income: ($0.21) per diluted share
EPS: ($0.21) per diluted share
Result: reported results

Exact text from the filing

product areas. We are being prudent and moderating hiring activity as we navigate the current environment.” Third-Quarter 2022 Financial Highlights · Revenue grew 9.2% to $468.2 million; organic revenue grew 8.5%. · Operating income declined 67.6% to $22.0 million; adjusted operating income declined 8.3%. The Company began to incur costs from a significant

View on SEC.gov

Browse all earnings releases →

Morningstar, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-112011

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.