S&P Global Reports Third Quarter Results

  • Reported revenue increased 8%; Adjusted revenue, excluding Engineering Solutions (ES), increased 11%.
  • GAAP diluted EPS increased 27%, and adjusted diluted EPS increased 10% year over year.
  • Revenue from Sustainability and Energy Transition products accelerated to 36% year-over-year growth excluding ES. Vitality revenue, which is revenue from new or enhanced products, increased 22% (ex-ES) and contributed 12% of reported revenue in Q3.
  • Guidance raised for both GAAP diluted EPS and adjusted diluted EPS to reflect better-thanexpected performance year to date.
  • Previously announced $500 million ASR has been completed and an additional $1.3 billion ASR to be launched in the coming weeks.

“Our third-quarter results clearly demonstrate our ability to adapt to rapidly evolving market conditions and consistently deliver excellent results. Revenue growth accelerated in every division. We continue to invest in innovation, as evidenced by the multiple product launches in the third quarter, and we continue to demonstrate the disciplined execution on expenses that our shareholders have come to expect. We are very pleased with the results this quarter, and look forward to a strong finish to 2023.” Douglas Peterson President and CEO
details at: https://s29.q4cdn.com/690959130/files/doc_financials/2023/q3/11/S-P-Global-3Q-2023-Earnings-Release-Exhibits-11-2-2023.pdf

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