Summary
CME Group Inc. (CME) filed an 8-K on April 30, 2015, to report its financial results for the quarter ended March 31, 2015. The primary focus of this filing is the dissemination of earnings information, which is provided via an attached press release (Exhibit 99.1). Investors should note that the company has included non-GAAP earnings per share alongside its GAAP results. Management believes this non-GAAP measure offers a more comparable view of financial and business trends and aids in comparison with prior periods. While the company emphasizes the supplemental nature of these non-GAAP figures, stating they should not be considered a substitute for GAAP measures, their inclusion indicates management's view on how best to assess operational performance. The press release also contains a reconciliation of these non-GAAP measures to their most directly comparable GAAP equivalents, as required by Regulation G, allowing investors to understand the adjustments made.
Key Highlights
- 1CME Group Inc. reported financial results for the first quarter ended March 31, 2015.
- 2The results were disseminated via a press release included as Exhibit 99.1 to the 8-K filing.
- 3The company presented both GAAP and non-GAAP financial measures, specifically non-GAAP earnings per share.
- 4Management believes non-GAAP earnings per share provides important supplemental information and enhances comparability with prior periods.
- 5Non-GAAP measures are presented as supplemental to, and not a substitute for, GAAP measures.
- 6A reconciliation of non-GAAP to GAAP financial measures is provided in the press release.
- 7The filing does not include any new material events beyond the reporting of quarterly financial results.