secwatch.observer — SEC 8-K summary
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Issuer:     Morningstar, Inc. (MORN)
CIK:        0001289419
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001289419-24-000107
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Morningstar Q3 revenue up 10.5% to $569M, EPS $2.77; CFO Dubinsky to depart
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- Q3 revenue $569.4M, +10.5% YoY; operating income $115.5M, +65%; Diluted EPS $2.77 (incl $1.05 gain from business sale).
- Adjusted EPS $2.00, +56.3%; adjusted operating margin 22.9% vs 17.8% YoY.
- Morningstar Credit revenue +34% to $70.9M, leading growth across segments.
- CFO Jason Dubinsky to step down Dec 31, 2024; will consult through June 2025; succession search underway.
- Free cash flow $155.8M, +53.6% YoY; debt reduced $35M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289419/000128941924000107/0001289419-24-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289419/000128941924000107/morn-20241023.htm
  HTML page:      https://secwatch.observer/filing/0001289419-24-000107

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