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.