S&P Global Inc. (SPGI) - NYSE
  • Tue, Apr. 26, 10:15 AM
    • Q1 adjusted net income of $349M gained 5% Y/Y, with adjusted EPS of $1.20 up 8%, and beating estimates by a nickel.
    • Buybacks over the past year have cut the flat by 9M shares, with 2.2M bought back in Q1.
    • Thanks to the purchase of SNL Financial, adjusted operating profit in the Market Intelligence unit (formerly S&P Capital IQ and SNL) rose 81% Y/Y to $123M. Adjusted operating margin improved 900 bps to 30%.
    • S&P Ratings Services unit revenue fell 9% to $552M, with adjusted operating profit of $252M down 12%.
    • S&P Dow Jones Indices unit revenue rose 5% to $151M, with adjusted operating profit of $102M up 5%.
    • Next up is the sale of J.D. Power for $1.1B, with management saying this is the last major disposition for the foreseeable future.
    • Previously: McGraw-Hill Companies beats by $0.05, misses on revenue (April 26)
    • MHFI +1.8%
    | Tue, Apr. 26, 10:15 AM
  • Nov. 3, 2015, 9:49 AM
    • McGraw-Hill Companies (MHFI +1.7%) reports subscription revenue grew 9% to $839M in Q3.
    • Revenue break-up: S&P Ratings Services: $587M (-3%); S&P Capital IQ and SNL: $356M (+14%); S&P Dow Jones Indices: $156M (+9%); Commodities & Commercial Markets: $248M (+9%).
    • Domestic revenue increased 12% to $810M.
    • Adjusted operating margin rate grew 230 bps to 39.9%.
    • The company expects FY2015 EPS of $4.45 to $4.50.
    | Nov. 3, 2015, 9:49 AM
  • Jul. 27, 2015, 7:57 AM
    • McGraw-Hill Companies (NYSE:MHFI) reports revenue grew 6% if the impact of the currency swings is backed out.
    • Revenue break-up: S&P Ratings Services: $658M (-1%); S&P Capital IQ: $324M (+6%); S&P Dow Jones Indices: $148M (+11%); Commodities & Commercial Markets: $234M (+7%).
    • Domestic revenue increased 8% to $810M.
    • Operating profit margin increased 370 bps to 50%.
    • The company expects full-year EPS of $4.35 to $4.45.
    • Q2 results
    | Jul. 27, 2015, 7:57 AM
  • Dec. 4, 2013, 3:31 PM
    • Shares of McGraw Hill Financial (MHFI +1.4%) rally after the company announces a new 50M share buyback authorization (18% of the float).
    • The move "demonstrates [an] ongoing commitment to maximizing shareholder value, and underscores the strength of [the company's] financial position," CEO Douglas Peterson says. (PR)
    | Dec. 4, 2013, 3:31 PM
  • Feb. 12, 2013, 6:02 PM

    Moody's (MCO) says it's authorized a new $1B share repurchase program. It expects to start buybacks under the new program once its existing program is complete. The company had $677M of share repurchase authority remaining as of the end of 2012. Shares +0.9% AH.

    | Feb. 12, 2013, 6:02 PM
  • Feb. 5, 2013, 11:52 AM

    Joining the DOJ in filing sut aginst S&P (MHP -5.6%) are a number of states, including California, where AG Harris is suing under the state's False Claims Act. This would allow CA to collect triple damages on what it says were $1B in losses. Earlier joining McGraw Hill in tanking, Moody's (MCO) - maybe enjoying the political protection of having The Oracle as an investor - returns to near-unchanged.

    | Feb. 5, 2013, 11:52 AM | 12 Comments
  • Feb. 5, 2013, 11:32 AM
    Attorney General Holder puts a $5B-plus target on how much S&P (MHP -6.5%) defrauded investors through faulty ratings on MBS, and says the DOJ is going after all of it. "S&P misled investors ... causing them to lose billions of dollars." S&P alone? (earlier: Even $3B seems far too high)
    | Feb. 5, 2013, 11:32 AM | 34 Comments
  • Feb. 5, 2013, 11:07 AM
    More on the McGraw Hill (MHP -4.9%) suit: The company's market cap has fallen about $3B over the past two days, writes Scott Krisiloff. Even admitting S&P was complicit in MBS blowups, it certainly wasn't the direct cause. It's therefore difficult to conceive of a settlement anywhere near this high of an amount. For comparison, BP settled with the DOJ for $4B.
    | Feb. 5, 2013, 11:07 AM | 2 Comments
  • Feb. 5, 2013, 10:32 AM

    McGraw-Hill (MHP -5.8%) slides anew as the DOJ files its suit alleging S&P knowingly gave unwarranted AAA ratings to MBS in order to get more business from issuers. Just maybe there's a problem with the industry-issuer model? What was that Pacino movie ... "The whole system is out of order!" Moody's (MCO-1.7%.

    | Feb. 5, 2013, 10:32 AM | 1 Comment
  • Feb. 4, 2013, 3:46 PM

    More on McGraw-Hill (MHP -14.5%): The expected suit follows the breakdown in talks between S&P and the DOJ over the rating agency's AAA ratings on 30 CDOs in early 2007. The DOJ had reportedly sought "10 figures plus" and an admission of guilt. S&P: "(We) deeply regret that our CDO ratings failed to fully anticipate the rapidly deteriorating condition in the U.S. mortgage market ... a DOJ lawsuit would be entirely without factual or legal merit." Moody's (MCO -8%).

    | Feb. 4, 2013, 3:46 PM | 20 Comments
  • Feb. 4, 2013, 1:36 PM

    McGraw-Hill (MHP -1.6%) slips lower after the WSJ reports that the Justice Department and state prosecutors intend to file civil charges against S&P in which wrongdoing at the unit's rating agency will be alleged.

    | Feb. 4, 2013, 1:36 PM
  • Jan. 31, 2012, 12:55 PM

    McGraw-Hill (MHP -1.4%) dips after its Q4 misses revenue estimates. Profit jumped 39% Y/Y as sales increased for nearly all business units, including its long-struggling education arm, and due to a $74M gain related to the sale of its broadcasting group. However, credit-market volatility offset much of those gains, resulting in an 8% drop in adjusted operating profit.

    | Jan. 31, 2012, 12:55 PM
  • Jan. 19, 2012, 5:58 PM

    Activist investor Jana Partners discloses a 5.5% stake in Marathon Petroleum (MPC), according to an SEC filing, apparently making Barry Rosenstein's hedge fund MPC's largest shareholder. Jana has built a track record of pressing companies - MHP, EP - to break up, but it's not yet clear what it wants this time. MPC +3.2% AH.

    | Jan. 19, 2012, 5:58 PM
  • Sep. 14, 2011, 10:46 AM
    Following McGraw-Hill's (MHP +1.5%) announcement earlier this week it will split into two, shares of firms specializing in online education are bucking a summer-long downward trend and posting some gains today. Education Management (EDMC +13.1%) is leading the pack on M&A chatter with CECO +2%, COCO +3%, DV +1.4% and APOL +1.6% all trailing along.
    | Sep. 14, 2011, 10:46 AM
  • Aug. 24, 2011, 11:10 AM
    McGraw-Hill (MHP +5.3%) shares move up on fresh breakup talk, as Bloomberg states the case that the textbook publisher and S&P owner would be worth at least 40% more if split into pieces. MHP has “value that isn’t being reflected in the market," Michael Holland says. "The CEO and the board have to consider [a breakup] if they want to unlock value." (earlier)
    | Aug. 24, 2011, 11:10 AM | 1 Comment
  • Aug. 22, 2011, 4:56 PM

    A pair of institutional shareholders call for breaking up McGraw-Hill (MHP) - splitting education, information and media businesses off from Standard & Poor's ratings, which they say needs a "well-known independent oversight figure" to help improve relations with regulators and the public amid U.S. downgrade fallout. MHP was exploring an education spinoff; shares +0.9% AH. (SEC filing)

    | Aug. 22, 2011, 4:56 PM | 3 Comments
Company Description
McGraw Hill Financial, Inc. is a content and analytics provider serving the capital, commodities and commercial markets. The capital markets include asset managers, banks, exchanges, issuers and financial advisors; the commodities markets include producers, traders and intermediaries within... More
Sector: Services
Country: United States