S&P Global Inc (WBO:SPGI)

€ 465.6 5.75 (1.25%) Market Cap: 147.82 Bil Enterprise Value: 156.80 Bil PE Ratio: 49.29 PB Ratio: 4.69 GF Score: 37/100

Q2 2024 S&P Global Inc Earnings Call Transcript

Jul 30, 2024 / 12:30PM GMT

Release Date Price: €451.35 (-0.49%)

Transcript 10-Q8-K

Key Points

Positve

S&P Global Inc (SPGI) reported a 16% increase in total revenue for Q2 2024, excluding the divestiture of engineering solutions.
The company achieved a significant margin expansion of 450 basis points year-over-year.
Adjusted EPS grew by 30%, marking the highest quarterly adjusted EPS in the company's history.
Revenue from subscription products increased by 8% year-over-year.
S&P Global Inc (SPGI) successfully launched new products and enhancements, including Cap IQ Pro and new benchmarks in commodity insights.

Negative

The company experienced a slight decline in renewal rates for its market intelligence segment.
There is uncertainty around the back half of the year due to potential pull-forward of debt issuance.
The recall business in the mobility segment has been abnormally soft year-to-date.
The financial services end market continues to show softness, impacting growth in the desktop business.
The timing and likelihood of rate cuts in the US market remain uncertain, which could impact future issuance.

Editor

Please stand by for streaming text.

Operator

Good morning, and welcome to the S&P Global's Second Quarter 2024 earnings conference call. I'd like to inform you that this call is being recorded for all participants are in a listen only mode. We will open the conference to questions and answers after the presentation and instructions will follow at that time. To access the webcast and slides go to investor dot spglobal.com. Need any additional technical assistance, please press and I will assist you momentarily. I would now like to introduce Mr. Mark Grant, Senior Vice President, Investor Relations for S&P Global. Sir, you may begin.

Mark Grant

S&P Global Inc - SVP of IR

Good morning, and thank you for joining today's S&P Global Quarter 2024 earnings call. Presenting on today's call are Doug Peterson for Executive Officer, and Chris Craig, Interim Chief Financial Officer. For the Q&A portion of today's call, we will also be joined for Martina Cheung, President of S&P Global Ratings.

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