8-KEarnings & ResultsRegulation FDExhibits & Filings

MOODYS CORP /DE/ 8-K Report, Financial Results (Jul 24, 2015)

Filed July 24, 2015For Securities:MCO

Summary

Moody's Corporation (MCO) filed an 8-K on July 24, 2015, to report its financial results for the second quarter ended June 30, 2015. The filing includes a press release detailing both GAAP and non-GAAP financial measures, providing investors with a comprehensive view of performance. Key figures reported include GAAP Earnings Per Share (EPS) of $1.28 for Q2 2015. The company provided context by comparing these results to the prior year's quarter, noting a decrease in GAAP EPS compared to Q2 2014. Investors should note that the press release also presented non-GAAP EPS, which excluded a gain on ICRA Ltd. This distinction is important for understanding the underlying operational performance. The information furnished under this 8-K is intended to inform the market about the company's financial condition and operational results, and is not being incorporated into future SEC filings in its entirety.

Key Highlights

  • 1Moody's Corporation announced its Q2 2015 financial results on July 24, 2015.
  • 2GAAP Earnings Per Share (EPS) for Q2 2015 was $1.28.
  • 3Q2 2015 GAAP EPS decreased by 14% compared to Q2 2014 GAAP EPS ($1.48).
  • 4Non-GAAP EPS for Q2 2015 was $1.12, which excluded a $0.36 gain on ICRA Ltd.
  • 5The press release included reconciliations between GAAP and non-GAAP financial measures.
  • 6The provided information is furnished and not deemed 'filed' under Section 18 of the Exchange Act.
  • 7The filing incorporates by reference a press release dated July 24, 2015, as Exhibit 99.1.

Frequently Asked Questions

The main purpose of this 8-K filing is to report Moody's Corporation's financial results for the second quarter ended June 30, 2015, along with other material information related to its operations and financial condition.

For the second quarter of 2015, Moody's reported a GAAP Earnings Per Share (EPS) of $1.28. The company also reported a non-GAAP EPS of $1.12, which excluded a gain from the sale of ICRA Ltd.

Moody's Q2 2015 GAAP EPS of $1.28 represented a 14% decrease compared to the GAAP EPS of $1.48 reported for the second quarter of 2014.

Non-GAAP financial measures are included to provide investors with an additional perspective on the company's performance, often by excluding items that may not reflect ongoing operational trends, such as the gain on the sale of ICRA Ltd. The company emphasizes that these non-GAAP measures should be considered alongside, and not as a substitute for, GAAP measures.