Morningstar Q4 revenue up 13.4% to $538.7M; EPS jumps to $1.71 from $0.08

Morningstar, Inc.

2023-FY EPS reported $3.29 revenue$2,038,600,000

Revenue $538.7M (+13.4% YoY); organic growth 12.6%. Full-year revenue crosses $2B.
Diluted EPS $1.71 (vs $0.08); adjusted EPS $1.97 (vs $0.58), up 239.7%.
Operating income $94.4M (+165.9%); adjusted operating income $113M (+70.2%).
Q4 free cash flow $107.8M (+59.9%).
Jason Dubinsky named principal accounting officer in addition to CFO role.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Role change

Jason Dubinsky

principal accounting officer (in addition to Chief Financial Officer)

MORN · Morningstar, Inc.

Effective: 2024-02-23
Filed: February 23, 2024, 6:59 PM ET

the Company designated Jason Dubinsky (age 50) as principal accounting officer, in addition to his current role as Chief Financial Officer (and principal financial officer) of the Company.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Morningstar, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $538.7 million, net income $73.5 million, or $1.71 per diluted share, EPS $1.71 per diluted share.

Period: the fourth quarter ended December 31, 2023
Revenue: $538.7 million
Net income: $73.5 million, or $1.71 per diluted share
EPS: $1.71 per diluted share
Result: reported results

Exact text from the filing

context on its quarterly results and business and can be found at shareholders.morningstar.com. Fourth-Quarter 2023 Financial Highlights • Reported revenue increased 13.4% to $538.7 million compared to the prior-year period; organic revenue increased 12.6%. • Reported operating income increased 165.9% to $94.4 million; adjusted operating income increased 70.2%. •

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Morningstar, Inc. reported Full-Year 2023 results: revenue $2.0 billion, EPS $3.29 per diluted share.

Period: Full-Year 2023
Revenue: $2.0 billion
EPS: $3.29 per diluted share
Result: reported results

Exact text from the filing

business. For the full year, the Company reported positive revenue growth, with particular strength in its license-based products. "We finished 2023 on a strong note, crossing $2 billion in revenue for the fiscal year and delivering meaningful increases in organic revenue, margins, and cash flow for the quarter" said Kunal Kapoor, Morningstar's chief executive

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jason Dubinsky changed role as principal accounting officer (in addition to Chief Financial Officer) at Morningstar, Inc..

Action: designated
Role: principal accounting officer (in addition to Chief Financial Officer)

Exact text from the filing

the Company designated Jason Dubinsky (age 50) as principal accounting officer, in addition to his current role as Chief Financial Officer (and principal financial officer) of the Company.

View on SEC.gov

23 earnings releases filed in the last 30 days. Browse all earnings releases →

Morningstar, Inc. filing history →

Source: SEC EDGAR

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