Summary
The McGraw-Hill Companies, Inc. (now S&P Global Inc.) filed this 8-K on October 28, 2008, to report its third quarter 2008 financial results and provide updated forward-looking guidance. The company reported diluted earnings per share (EPS) of $1.23 for the third quarter, a period marked by challenging financial markets and economic conditions. Despite these headwinds, the company provided specific financial outlooks for the remainder of the year. Of particular note for investors is the revised full-year 2008 EPS forecast of $2.63 to $2.65, which excludes restructuring charges but includes associated benefits. The company also provided a specific outlook for the fourth quarter, projecting EPS of $0.40 to $0.42. The filing also highlighted the presentation of adjusted operating results by segment, excluding certain restructuring charges and a prior year gain, to facilitate more meaningful comparisons of performance.
Key Highlights
- 1Reported Third Quarter 2008 Diluted Earnings Per Share (EPS) of $1.23.
- 2Revised Full-Year 2008 EPS forecast to $2.63 - $2.65 (excluding restructuring charges).
- 3Provided Fourth Quarter 2008 EPS projection of $0.40 - $0.42.
- 4Acknowledged challenging financial markets and economic conditions impacting results.
- 5Presented adjusted operating results by segment, excluding restructuring charges and a prior year gain for enhanced comparability.
- 6The report was furnished pursuant to Items 2.02 and 7.01 of Form 8-K, related to results of operations and Regulation FD disclosure.