LONDON, UK / ACCESSWIRE / October 6, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on IHS Markit Ltd (NASDAQ: INFO), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=INFO, following the Company’s announcement of its financial results on September 26, 2017, for the third quarter fiscal 2017. The Company’s revenue increased 24.8% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on INFO. With the links below you can directly download the report of your stock of interest free of charge at:
For three months ended August 31, 2017, IHS Markit’s revenue increased 24.8% to $904.7 million from $724.6 million in Q3 FY16. During Q3 FY17, the Company’s organic revenue growth was 5% including BPVC engineering standard and 4% excluding BPVC. Revenue surpassed analysts’ expectations of $891.7 million.
During Q3 FY17, the Company’s earnings before interest, tax, depreciation, and amortization (EBITDA) increased 270.7% to $271.0 million from $73.1 million in Q3 FY16. For the reported quarter, the Company’s EBITDA margin increased 1,990 basis points to 29.9% of revenue from 10% of revenue in Q3 FY16. During Q3 FY17, IHS Markit’s adjusted EBITDA increased 30.4% to $350.8 million from $269.0 million in Q3 FY16. For the reported quarter, the Company’s adjusted EBITDA margin increased 170 basis points to 38.8% of revenue from 37.1% of revenue in Q3 FY16.
During Q3 FY17, IHS Markit’s selling, general, and administrative (SG&A) expenses increased 0.4% to $268.8 million from $267.6 million in Q3 FY16. For the reported quarter, the Company’s depreciation and amortization (D&A) expenses increased 31.7% to $120.8 million from $91.7 million in Q3 FY16. For the reported quarter, the Company’s total operating expenses increased 1.4% to $752.2 million from $741.3 million in Q3 FY16.
During Q3 FY17, IHS Markit’s operating income was $152.5 million compared to operating loss of $16.7 million in Q3 FY16.
During Q3 FY17, IHS Markit’s net income was $145.9 million compared to net loss of $31.7 million in Q3 FY16. For the reported quarter, the Company’s adjusted net income increased 49.3% to $236.9 million on a y-o-y basis from $158.6 million in Q3 FY16. During Q3 FY17, IHS Markit’s diluted EPS was $0.35 compared to negative diluted EPS of $0.09 in Q3 FY16. For the reported quarter, the Company’s adjusted diluted EPS increased 26.6% to $0.57 on a y-o-y basis from $0.45 in Q3 FY16. Adjusted diluted EPS surpassed analysts’ expectations of $0.53.
IHS Markit’s Segment Details
Resources – During Q3 FY17, Resources segment’s revenue decreased 4% to $202.2 million from $210.4 million in the same period last year. For the reported quarter, the segment’s adjusted EBITDA margin decreased 110 basis points to 43.8% of revenue from 44.9% of revenue in Q3 FY16.
Transportation – During Q3 FY17, the Transportation segment’s revenue increased 13% to $257.1 million from $227.1 million in the same period last year. For the reported quarter, the segment’s adjusted EBITDA margin increased 380 basis points to 42.8% of revenue from 39% of revenue in Q3 FY16.
CMS – During Q3 FY17, the CMS segment’s revenue increased 7% to $138.8 million from $130.2 million in the same period last year. For the reported quarter, the segment’s adjusted EBITDA margin decreased 250 basis points to 23.1% of revenue from 25.6% of revenue in Q3 FY16.
Financial Services – During Q3 FY17, the Financial Services segment’s revenue was $306.6 million compared to $156.9 million in the same period last year. For the reported quarter, the segment’s adjusted EBITDA margin increased 360 basis points to 45.0% of revenue from 41.4% of revenue in Q3 FY16.
As on August 31, 2017, IHS Markit’s cash and cash equivalents increased 10.7% to $153.8 million from $138.9 million in Q4 FY16.
During Q3 FY17, the Company’s net accounts receivable increased 3.1% to $655.5 million from $635.6 million in Q4 FY16.
For the reported quarter, the Company’s accounts payable decreased 15.2% to $49.9 million from $58.9 million in Q4 FY16.
During Q3 FY17, IHS Markit’s long-term debt increased 4.2% to $3.42 billion, from $3.28 billion in Q4 FY16.
During FY17, the Company’s YTD cash provided by operating activities was $718.6 million compared to $475.1 million in the same period last year.
During Q3 FY17, IHS Markit’s free cash flow increased 106% to $206.0 million from $100.0 million in Q3 FY16.
For FY17, IHS Markit expects revenue to be in the range of $3.49 billion to $3.56 billion, including organic growth of 3% to 4%. The Company expects adjusted EBITDA to be in the range of $1.38 billion to $1.40 billion for fiscal 2017.
The Company estimates adjusted diluted EPS to be in the range of $2.02 to $2.08 for fiscal 2017.
IHS Markit’s share price finished yesterday’s trading session at $44.09, marginally down 0.54%. A total volume of 1.90 million shares have exchanged hands. The Company’s stock price surged 4.48% in the past six months, and 19.97% in the previous twelve months. Additionally, the stock rallied 24.51% since the start of the year. Shares of the Company have a PE ratio of 46.36 and currently have a market cap of $17.61 billion.
Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charter holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Pro-Trader Daily
Information contained on this page is provided by an independent third-party content provider. Frankly and this Station make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact email@example.com