IHS Markit Ltd (NASDAQ: INFO) stock rose over 0.4% on Jan 16th, 2018 (As of 12:15PM EST; Source: Google finance) leading to a total increase of over 6.4% in this year to date.
For the fourth quarter of 2017, the Revenue reached $945 million while Net income reached $105 million and diluted earnings per share was $0.26. The Adjusted EBITDA reached $366 million while adjusted earnings per diluted share (Adjusted EPS) was $0.52. Cash flow from operations reached $243 million while free cash flow was $175 million
The group’s Fourth quarter of 2017 resources revenue enhanced $3 million, or 1%, to $216 million, but recurring revenues fell 1 percent organically. Even the Adjusted EBITDA for the segment was flat at $92 million. The Transportation segment’s fourth quarter revenue rose $32 million, or 14%, to $267 million, which comprised 11% organic growth for the recurring-based business. The segment’s fourth quarter Adjusted EBITDA surged 10% yoy to $111 million. For Full year of 2017, revenue for Transportation surged 11% yoy to $992 million while full year Adjusted EBITDA enhanced 16% to $409 million.
The Consolidated Markets & Solutions (CMS) fourth quarter revenue rose 5% yoy to $140 million, and had 1 percent organic growth for the recurring-based business. The quarter’s Adjusted EBITDA for CMS fell 9% yoy to $33 million. For Full year of 2017, revenue for CMS improved 1% yoy to $536 million while Adjusted EBITDA fell $2 million, or 2 percent, to $125 million.
The Financial Services segment’s fourth quarter revenue enhanced 10% yoy to $321 million, and comprised 8% total organic growth. Adjusted EBITDA for Financial Services enhanced $22 million, or 18% to $148 million during the fourth quarter of 2017. For Full year of 2017, the revenue for Financial Services reached $1.233 billion while Adjusted EBITDA reached $554 million.
For FY18, the group forecasts its Revenue to be in the range of $3.80 billion to $3.85 billion, including total organic growth of 4 percent to 5 percent while Adjusted EBITDA is forecasted to be in the range of $1.500 billion to $1.525 billion. Adjusted EPS is expected to be in the range of $2.23 to $2.27 per diluted share.