Summary
S&P Global Inc. (SPGI) has filed an 8-K report on January 27, 2017, to disclose a realignment of its reportable segments. Effective from the fourth quarter of 2016, the company has combined S&P Global Market Intelligence and S&P Global Platts into a new segment called Market and Commodities Intelligence. This change aligns with the CEO's evaluation of segment performance and the company's updated organizational structure. To aid investors in analyzing these changes, SPGI has provided recast operating results for 2015 and the first nine months of 2016. This recasting allows for a consistent year-over-year and sequential comparison under the new segment reporting structure. Investors should review these recast results to understand the performance trends of the newly formed Market and Commodities Intelligence segment and how it fits within the broader company performance.
Key Highlights
- 1S&P Global Inc. (SPGI) has realigned its reportable segments effective Q4 2016.
- 2S&P Global Market Intelligence and S&P Global Platts are now combined into a new 'Market and Commodities Intelligence' segment.
- 3This segment realignment is driven by changes in organizational structure and executive performance evaluation.
- 4Recast operating results for 2015 and the first nine months of 2016 are provided to reflect the new segment structure.
- 5The change primarily impacts the presentation of segment performance, not the overall company's financial statements.
- 6Investors are encouraged to use the provided recast data for comparative analysis.