8-KRegulation FDOther EventsExhibits & Filings

S&P Global Inc. 8-K Report, Regulation FD Disclosure (Jan 25, 2006)

Filed January 25, 2006For Securities:SPGI

Summary

This 8-K filing from The McGraw-Hill Companies (now S&P Global Inc.) on January 25, 2006, primarily serves to disclose updated financial guidance for the fiscal year 2006. The company presented its 2006 earnings per share (EPS) outlook during a webcast conference call, providing investors with forward-looking information beyond standard GAAP reporting. This proactive disclosure aims to offer a clearer perspective on the company's financial trajectory and operational performance for the upcoming year. Key figures include the reported non-GAAP EPS for 2005, adjusted for specific charges and gains, and the revised 2006 EPS guidance, which excludes the expensing of stock options. The company also provided a preliminary outlook for 2007, signaling an expectation for double-digit earnings growth. This information is deemed material by the company for investors to understand its financial condition and evaluate its ongoing businesses.

Key Highlights

  • 1The McGraw-Hill Companies provided updated financial guidance for fiscal year 2006 on January 25, 2006.
  • 2The company reported non-GAAP earnings per share (EPS) of $2.20 for 2005, with specific adjustments for restructuring charges, tax increases, and asset sale gains.
  • 3The previous 2006 guidance of 5%-8% growth (EPS $2.31-$2.38) was based on the 2005 non-GAAP EPS.
  • 4The company revised its 2006 EPS guidance to $2.36-$2.41, excluding the expensing of stock options.
  • 5A preliminary outlook for 2007 anticipates a return to double-digit earnings growth.
  • 6This guidance was presented during a webcast conference call to review 2005 earnings results.
  • 7The company believes these non-GAAP disclosures are meaningful for understanding financial condition and facilitating period-to-period comparisons.

Frequently Asked Questions

The main purpose of this 8-K filing is to disclose updated financial guidance for the fiscal year 2006, including revised earnings per share (EPS) projections, and a preliminary outlook for 2007. This information was presented by the Chairman, President, and CEO during an investor webcast.

For 2005, the company reported non-GAAP EPS of $2.20, which included adjustments for a $0.04 restructuring charge, a $0.03 increase in income taxes due to the American Jobs Creation Act, and excluded a $0.01 gain on the sale of CVC. For 2006, the revised EPS guidance, excluding stock option expensing, is projected to be between $2.36 and $2.41.

The company states that it believes the disclosure of non-GAAP financial data is meaningful to shareholders and analysts for understanding the company's financial condition, evaluating the strengths and weaknesses of its continuing businesses, and facilitating period-to-period comparisons of financial performance.

The preliminary outlook for 2007 indicates an expected return to double-digit earnings growth for the company.