8-K/AEarnings & ResultsRegulation FDExhibits & Filings

S&P Global Inc. 8-K/A Report, Financial Results (Jul 24, 2007)

Filed July 24, 2007For Securities:SPGI

Summary

This Form 8-K/A filing by The McGraw-Hill Companies, Inc. (SPGI) serves as an amendment to a previous 8-K filed on July 24, 2007. The amendment corrects specific inaccuracies in the "Operating Results by Segment - Operating Profit" section of the company's earnings release that was initially furnished. These corrections are important for investors to have an accurate understanding of the company's performance and financial condition. The primary purpose of this filing is to rectify misrepresentations of percentage changes in certain expense categories and operating results. Specifically, general corporate expenses and interest expenses were incorrectly shown as favorable when they were actually unfavorable. Additionally, the operating loss for McGraw-Hill Education was shown as unfavorable for the six-month period when it was, in fact, favorable. These adjustments provide a more precise view of the company's profitability and operational efficiency.

Key Highlights

  • 1Amendment to a prior 8-K filing dated July 24, 2007, correcting previously issued financial information.
  • 2Corrects misstated percentage changes in "Operating Results by Segment - Operating Profit".
  • 3General corporate expenses and interest expenses were incorrectly reported as favorable, when they were unfavorable.
  • 4McGraw-Hill Education's operating loss for the six-month period was incorrectly reported as unfavorable, when it was favorable.
  • 5The filing clarifies that all other aspects of the original earnings release remain unchanged.
  • 6This amendment is furnished under Items 2.02 and 7.01 of Form 8-K, concerning Results of Operations and Regulation FD Disclosure.

Frequently Asked Questions

The main purpose of this 8-K/A filing is to amend a previous 8-K filing from July 24, 2007, to correct specific errors in the "Operating Results by Segment - Operating Profit" section of the company's earnings release. These corrections relate to the presentation of percentage changes in certain expense categories and operating results.

The errors corrected include: 1) General corporate expense and interest expense percentage changes were shown as favorable when they were unfavorable for both three and six-month periods. 2) McGraw-Hill Education's operating loss percentage change for the six-month period was shown as unfavorable when it was actually favorable.

This filing only corrects specific presentation errors in the 'Operating Results by Segment - Operating Profit' section. It does not indicate a fundamental change to the company's overall reported financial performance for the period, but rather provides a more accurate representation of the trends for the specific line items mentioned. Investors should refer to the original and amended exhibits for the precise figures.

According to the filing, in all other respects, the original earnings release and related exhibits filed on Form 8-K on July 24, 2007, did not require any further changes. This amendment specifically addresses the identified inaccuracies in the segment operating profit reporting.