secwatch.observer — SEC 8-K summary
======================================

Issuer:     Morningstar, Inc. (MORN)
CIK:        0001289419
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001289419-24-000055
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Morningstar Q2 2024 revenue rises 13.3%; AssetMark to acquire $12B TAMP assets
------------------------------------------------------------------------------

- Revenue increased 13.3% to $571.9M, with organic growth of 13.6%.
- Adjusted operating income surged 87.9%; operating margin expanded to 19.0% from 8.3%.
- AssetMark will acquire ~$12B in TAMP assets for $65M at close, plus up to $35M post-closing.
- Morningstar Credit revenue jumped 43.2% driven by strength across asset classes and regions.
- Free cash flow rose to $120.8M from negative $5.8M in the prior-year quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289419/000128941924000055/0001289419-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289419/000128941924000055/morn-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001289419-24-000055

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