Net income decreased 54% to $414 million and diluted earnings per share declined 52% to $1.61 as a result of the prior period benefiting from a pre-tax gain of $722 million on the sale of J.D. Power. Adjusted net income increased 16% to $442 million and adjusted diluted earnings per share increased 19% to $1.71. The adjustments in the third quarter of 2017 were for deal-related amortization and restructuring. Both net income and adjusted net income benefited from an accounting change associated with the recognition of excess tax benefits from stock-based compensation in 2017. "The underlying environment for our businesses is healthy with an improving global GDP, higher commodity prices, strong equity markets, and modest growth in U.S. bond issuance. With this backdrop, our Company is thriving as all of our business segments contributed solid organic revenue and adjusted operating profit growth during the quarter," said Douglas L. Peterson, President and Chief Executive Officer of S&P Global. "We continue to focus on delivering meaningful revenue growth, launching new products, investing in productivity, and returning capital to shareholders." Click Read More below for additional information.
Time has debuted “Time CO2 Futures,” a program of news reporting in response to global warming, wildfires and extreme weather events. It was launched in partnership with Time’s climate action platform, Time CO2.
“Time CO2 Futures” will feature reporting on how a variety of business sectors approach sustainability, including: fashion, apparel, and beauty; mobility and manufacturing; healthcare and diagnostics; food and farming.
more at: https://www.mediapost.com/publications/article/390682/time-unveils-platform-on-climate-change-and-busi.html