IHS Markit Reaffirms 2017 Guidance LONDON--(BUSINESS WIRE)--May 16, 2017--
IHS Markit (Nasdaq: INFO), a world leader in critical information,
analytics and solutions, today reaffirmed its 2017 revenue, Adjusted
EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization)
and Adjusted earnings per diluted share (EPS) guidance. Company
management plans to present at the Barclays Americas Select Franchise
Conference at the Langham Hotel in London on Wednesday, May 17, 2017, at
8:30 a.m. GMT.
Outlook (forward-looking statement)
For the year ending November 30, 2017, IHS Markit reaffirms and expects:
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Revenue in a range of $3.490 billion to $3.560 billion, including
total organic growth of 2 percent to 4 percent;
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Adjusted EBITDA in a range of $1.375 billion to $1.400 billion; and
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Adjusted EPS in a range of $2.02 to $2.08 per diluted share.
The above outlook assumes no further currency movements, acquisitions,
divestitures, pension mark-to-market adjustments or unanticipated
events. See discussion of non-GAAP financial measures at the end of this
release.
Use of Non-GAAP Financial Measures
Non-GAAP results are presented only as a supplement to our financial
statements based on U.S. generally accepted accounting principles
(GAAP). Non-GAAP financial information is provided to enhance the
reader’s understanding of our financial performance, but none of these
non-GAAP financial measures are recognized terms under GAAP and non-GAAP
measures should not be considered in isolation or as a substitute for
financial measures calculated in accordance with GAAP. We are unable to
present a quantitative reconciliation of the forward-looking non-GAAP
financial information presented in this release without unreasonable
effort because management cannot reliably predict the necessary
components of such measures aside from those components described above
in this release. Accordingly, investors are cautioned not to place undue
reliance on this information.
We use non-GAAP measures in our operational and financial
decision-making, believing that it is useful to exclude certain items in
order to focus on what we deem to be a more reliable indicator of
ongoing operating performance and our ability to generate cash flow from
operations. As a result, internal management reports used during monthly
operating reviews feature the Adjusted EBITDA, Adjusted net income,
Adjusted EPS, and free cash flow metrics. We also believe that investors
may find non-GAAP financial measures useful for the same reasons,
although investors are cautioned that non-GAAP financial measures are
not a substitute for GAAP disclosures.
Non-GAAP measures are frequently used by securities analysts, investors,
and other interested parties in their evaluation of companies comparable
to IHS Markit, many of which present non-GAAP measures when reporting
their results. These measures can be useful in evaluating our
performance against our peer companies because we believe the measures
provide users with valuable insight into key components of GAAP
financial disclosures. However, non-GAAP measures have limitations as an
analytical tool. Non-GAAP measures are not necessarily comparable to
similarly titled measures used by other companies. They are not
presentations made in accordance with GAAP, are not measures of
financial condition or liquidity, and should not be considered as an
alternative to profit or loss for the period determined in accordance
with GAAP or operating cash flows determined in accordance with GAAP. As
a result, you should not consider such performance measures in isolation
from, or as a substitute analysis for, results of operations as
determined in accordance with GAAP.
Forward-Looking Statements
This communication contains “forward-looking statements” within the
meaning of the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. In this context, forward-looking
statements often address expected future business and financial
performance and financial condition, and often contain words such as
“anticipate,” “intend,” “plan,” “goal,” “seek,” “aim,” “strive,”
“believe,” “see,” “project,” “predict,” “estimate,” “expect,”
“continue,” “strategy,” “future,” “likely,” “may,” “might,” “should,”
“will,” “would,” “target,” similar expressions, and variations or
negatives of these words. Forward-looking statements are neither
historical facts nor assurances of future performance. Instead, they are
based only on our current beliefs, expectations, and assumptions
regarding the future of our business, future plans and strategies,
projections, anticipated events and trends, the economy, and other
future conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks, and changes
in circumstances that are difficult to predict and many of which are
outside of our control. A detailed discussion of some of the risks and
uncertainties that could cause our actual results and financial
condition to differ materially from the forward-looking statements is
described under the caption “Risk Factors” in our most recent annual
report on Form 10-K, along with our other filings with the U.S.
Securities and Exchange Commission. Any forward-looking statement made
by us in this communication is based only on information currently
available to us and speaks only as of the date of this report. We do not
assume any obligation to publicly provide revisions or updates to any
forward-looking statements, whether as a result of new information,
future developments or otherwise, should circumstances change, except as
otherwise required by securities and other applicable laws. Please
consult our public filings at www.sec.gov
or www.ihsmarkit.com.
About IHS Markit www.ihsmarkit.com
IHS Markit (Nasdaq: INFO) is a world leader in critical information,
analytics and solutions for the major industries and markets that drive
economies worldwide. The company delivers next-generation information,
analytics and solutions to customers in business, finance and
government, improving their operational efficiency and providing deep
insights that lead to well-informed, confident decisions. IHS Markit has
more than 50,000 key business and government customers, including 85
percent of the Fortune Global 500 and the world’s leading financial
institutions. Headquartered in London, IHS Markit is committed to
sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. All other
company and product names may be trademarks of their respective owners.
© 2017 IHS Markit Ltd. All rights reserved.

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Source: IHS Markit
IHS Markit
News Media Contact:
Dan Wilinsky,
+1-303-397-2468
dan.wilinsky@ihsmarkit.com
or
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Relations Contact:
Eric Boyer, +1-303-397-2969
eric.boyer@ihsmarkit.com