Summary
This 8-K filing from The McGraw-Hill Companies, Inc. (now S&P Global Inc.) on April 24, 2007, primarily serves to furnish their earnings release for the first quarter ended March 31, 2007. The release highlights a significant increase in diluted earnings per share (EPS) to $0.40 for Q1 2007, a doubling from $0.20 reported in Q1 2006. Investors should note that the current quarter's results benefited from a $0.03 gain on the divestiture of their mutual funds data business. Conversely, the prior year's Q1 2006 results were impacted by a one-time charge of $0.04 related to the elimination of their restoration stock option program. This filing provides a transparent look at the company's performance and the specific items influencing year-over-year EPS comparisons.
Key Highlights
- 1The McGraw-Hill Companies reported Q1 2007 diluted EPS of $0.40, doubling from $0.20 in Q1 2006.
- 2Q1 2007 earnings per share were positively impacted by a $0.03 gain from the divestiture of the mutual funds data business.
- 3Q1 2006 earnings per share were negatively affected by a $0.04 one-time charge for eliminating the restoration stock option program.
- 4The filing is a Current Report on Form 8-K, specifically referencing Items 2.02 (Results of Operations and Financial Condition) and 7.01 (Regulation FD Disclosure).
- 5The primary exhibit is the company's earnings release dated April 24, 2007, detailing Q1 2007 financial results.
- 6The report indicates the company's principal executive offices are located at 1221 Avenue of the Americas, New York, New York.