8-KEarnings & ResultsRegulation FDExhibits & Filings

MOODYS CORP /DE/ 8-K Report, Financial Results (Jul 25, 2014)

Filed July 25, 2014For Securities:MCO

Summary

Moody's Corporation (MCO) filed an 8-K on July 25, 2014, to announce its financial results for the second quarter ended June 30, 2014. The filing primarily references a press release (Exhibit 99.1) detailing these results and provides updated full-year earnings guidance. Investors should note that the company provided both GAAP and non-GAAP financial measures, with the non-GAAP figures excluding certain items to offer a potentially clearer operational view. The key financial takeaway from the filing relates to the company's updated fiscal year 2014 earnings per share (EPS) guidance. On a GAAP basis, including a notable gain from the sale of ICRA Ltd., Moody's projects EPS between $4.26 and $4.36. Excluding this gain, the non-GAAP EPS guidance is provided in the range of $3.90 to $4.00, offering investors a view of the ongoing operational performance.

Key Highlights

  • 1Moody's Corporation announced its Q2 2014 financial results via an 8-K filing on July 25, 2014.
  • 2The filing references an accompanying press release (Exhibit 99.1) for detailed financial information.
  • 3The company provided updated full-year 2014 Earnings Per Share (EPS) guidance.
  • 4GAAP EPS guidance for fiscal year 2014 is projected to be between $4.26 and $4.36.
  • 5This GAAP guidance includes a $0.36 per share gain from the disposition of ICRA Ltd.
  • 6Non-GAAP EPS guidance for fiscal year 2014, excluding the ICRA Ltd. gain, is set between $3.90 and $4.00.
  • 7The company explicitly states that non-GAAP measures should be considered in conjunction with, not as a substitute for, GAAP measures.

Frequently Asked Questions

This 8-K filing serves to announce Moody's Corporation's financial results for the second quarter ended June 30, 2014, and to provide updated guidance for the full fiscal year 2014, as detailed in an accompanying press release.

The GAAP EPS guidance for fiscal year 2014 is $4.26 to $4.36, which includes a $0.36 per share gain recognized from the sale of ICRA Ltd. The non-GAAP EPS guidance, which excludes this gain, is projected to be between $3.90 and $4.00, providing a view of the company's operational earnings without the impact of the one-time gain.

The detailed financial results are primarily contained within the press release dated July 25, 2014, which is included as Exhibit 99.1 to this 8-K filing. Investors should refer to this exhibit for comprehensive information.

The company states that non-GAAP financial measures should be considered in addition to, and not as a substitute for or superior to, Earnings Per Share prepared in accordance with GAAP. Investors should always review both GAAP and non-GAAP figures, along with the provided reconciliations, to form a complete understanding of the company's financial performance.