8-KEarnings & ResultsRegulation FDExhibits & Filings

S&P Global Inc. 8-K Report, Financial Results (Jul 23, 2010)

Filed July 23, 2010For Securities:SPGI

Summary

S&P Global Inc. (SPGI) filed an 8-K on July 23, 2010, to furnish its earnings release for the second quarter ended June 30, 2010. The release highlights the performance of its Information & Media segment, noting a reported revenue decline of 5.1% to $224.2 million year-over-year. However, when excluding the divestiture of BusinessWeek, the segment's revenue actually grew by 7.4%, indicating underlying operational strength despite the reported figure. Further detail is provided for the Business-to-Business Group within the Information & Media segment. Reported revenue decreased by 7.8% to $198.9 million. Excluding the impact of the BusinessWeek divestiture (completed in December 2009), this segment demonstrated a growth of 5.6%. SPGI's management emphasizes that these non-GAAP figures offer a more meaningful comparison of the company's ongoing performance, supplementing the standard U.S. GAAP reporting.

Key Highlights

  • 1SPGI filed an 8-K on July 23, 2010, for its Q2 2010 earnings.
  • 2Information & Media segment revenue declined 5.1% to $224.2 million year-over-year.
  • 3Excluding the divestiture of BusinessWeek, Information & Media revenue grew 7.4%.
  • 4Business-to-Business Group revenue declined 7.8% to $198.9 million.
  • 5Excluding BusinessWeek, Business-to-Business Group revenue grew 5.6%.
  • 6SPGI uses non-GAAP measures to provide supplemental insights into performance trends.
  • 7The divestiture of BusinessWeek occurred on December 1, 2009.

Frequently Asked Questions

The primary purpose of this 8-K filing was to furnish S&P Global Inc.'s earnings release for the second quarter ended June 30, 2010, providing investors with details on the company's financial results and operational performance.

Reported revenue for the Information & Media segment decreased by 5.1% to $224.2 million compared to the same period last year. However, on a pro forma basis, excluding the impact of the divested BusinessWeek, the segment showed a revenue growth of 7.4%.

S&P Global provides non-GAAP financial information, such as excluding the impact of divested businesses, to offer investors supplemental data that they believe aids in making more meaningful comparisons of the company's ongoing operational performance and financial condition.

BusinessWeek was divested on December 1, 2009. Its exclusion from the reported figures is significant because it allows for a clearer view of the performance trends of the remaining businesses within the Information & Media segment and the Business-to-Business Group, removing the impact of a discontinued operation.