Edition:
United Kingdom

S&P Global Reports Fourth Quarter And Full-Year 2018 Results


Thursday, 7 Feb 2019 

Feb 7 (Reuters) - S&P Global Inc ::Q4 ADJUSTED EARNINGS PER SHARE $2.22.Q4 EARNINGS PER SHARE $2.03.Q4 REVENUE $1.54 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.59 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $2.19 -- REFINITIV IBES DATA.INTRODUCING 2019 GUIDANCE WITH REPORTED REVENUE EXPECTED TO INCREASE MID SINGLE-DIGITS.SEES 2019 FREE CASH FLOW EXCLUDING CERTAIN ITEMS IS EXPECTED TO BE IN A RANGE OF $2.2 BILLION TO $2.3 BILLION.SEES 2019 ADJUSTED DILUTED EPS $8.95 TO $9.15.ON A U.S. GAAP BASIS, DILUTED EPS IS EXPECTED TO BE IN RANGE OF $8.50 TO $8.70 IN 2019.BEGINNING LATER THIS MONTH, COMPANY EXPECTS TO INITIATE A NEW $500 MILLION ASR PROGRAM THAT WILL CONCLUDE NO LATER THAN JULY 2019..S&P GLOBAL - PRE-TAX ADJUSTMENTS IN Q4 WERE $62 MILLION & INCLUDED DEAL-RELATED AMORTIZATION, CHARGES, KENSHO RETENTION-RELATED EXPENSES, & OTHERS.SAYS "...REMAIN CONFIDENT THAT, IN LONG RUN, GLOBAL DEBT MARKET GROWTH WILL TRACK GDP GROWTH"."BOND ISSUANCE CAN BE PERIODICALLY INTERRUPTED BY MARKET FORCES, AS WAS CASE DURING SECOND HALF OF 2018".