8-K
filed February 24, 2023, 6:59 PM ET
ticker MORN
CIK 0001289419
earnings
confidence high
sentiment negative
materiality 0.80
Morningstar Q4 EPS $0.08 (-93.8%); revenue $475M; full-year EPS $1.64 (-63.1%)
Morningstar, Inc.
2022-FY EPS reported
$1.64
revenue$1,870,600,000
- Q4 revenue $475.0M (+2.8% reported, +2.2% organic); operating income $35.5M (-52.5%).
- Q4 diluted EPS $0.08 vs $1.30; adjusted diluted EPS $0.58 vs $1.50 (-61.3%).
- Full-year revenue $1.9B (+10.1%); operating income $167.8M (-34.7%); adjusted operating income $298.9M (-17.7%).
- Full-year diluted EPS $1.64 vs $4.45; adjusted diluted EPS $3.87 vs $6.36 (-39.2%).
- Agreed to terminate MJKK license for ~$60M; tender offer for up to 10M MJKK shares.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Morningstar, Inc. reported the full year ended December 31, 2022 results: revenue $1.9 billion, EPS $1.64.
- Period
- the full year ended December 31, 2022
- Revenue
- $1.9 billion
- EPS
- $1.64
- Result
- reported results
Exact text from the filing
Revenue increased 10.1% to $1.9 billion; organic revenue increased 10.8%. · Operating income decreased 34.7% to $167.8 million; adjusted operating income decreased 17.7%. Results included higher stock-based compensation due primarily to the overachievement of targets under the PitchBook management bonus plan, which contributed 10.5 percentage points to the operating income decline and 7.4 percentage points to the adjusted operating income decline. · Diluted net income per share decreased 63.1% to $1.64 versus $4.45 in the prior-year period. Adjusted diluted net income per share decreased by 39.2%.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Morningstar, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $475.0 million, EPS $0.08.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $475.0 million
- EPS
- $0.08
- Result
- reported results
Exact text from the filing
Revenue increased 2.8% to $475.0 million; organic revenue increased 2.2%. · Operating income decreased 52.5% to $35.5 million; adjusted operating income decreased 27.2%. Reported results included higher stock-based compensation expense primarily due to the overachievement of targets under the PitchBook management bonus plan, which contributed 13.2 percentage points to the operating income decline and 10.9 percentage points to the adjusted operating income decline. · Diluted net income per share decreased 93.8% to $0.08 versus $1.30 in the prior-year period. Adjusted diluted net income per share decreased 61.3% to $0.58.
View on SEC.gov
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.