IHS Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended November 30, 2012. Revenue for the fourth quarter of 2012 totaled $414 million, a 12% increase over fourth quarter 2011 revenue of $371 million. Net income for the fourth quarter of 2012 was $46 million, or $0.69 per diluted share, compared to fourth quarter 2011 net income of $23 million, or $0.34 per diluted share. Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) totaled $140 million for the fourth quarter of 2012, up 17% from $119 million in the fourth quarter of 2011. Adjusted earnings per diluted share were $1.21 for the fourth quarter of 2012, an increase of 22% over the prior-year period. Operating income was $55.476 million compared to $26.164 million a year ago. Income from continuing operations before income taxes was $50.065 million compared to $21.800 million a year ago period. Income from continuing operations was $46.409 million or $0.69 per diluted share compared to $23.056 million or $0.35 per diluted share a year ago period. EBITDA was $87.047 million against $51.464 million a year ago period. Net cash provided by operating activities was $68.117 million compared to $88.808 million a year ago period. Capital expenditures on property and equipment were $15.033 million against $8.967 million a year ago period. Adjusted free cash flow was $53.084 million against $79.841 million a year ago period.

Revenue for fiscal year 2012 totaled $1.530 billion, up 15% over the prior year total of $1.326 billion. Fiscal year 2012 net income was $158 million, or $2.37 per diluted share, compared to fiscal year 2011 net income of $135 million, or $2.06 per diluted share. Adjusted EBITDA for fiscal year 2012 totaled $485 million, up 21% from $401 million in 2011. Adjusted earnings per diluted share were $3.94 for fiscal 2012, an increase of 15% over the prior-year period. Operating income was $207.287 million compared to $172.468 million a year ago. Income from continuing operations before income taxes was $187.713 million compared to $161.984 million a year ago period. Income from continuing operations was $158.149 million or $2.37 per diluted share compared to $135.289 million or $2.06 per diluted share a year ago period. Net cash provided by operating activities was $314.373 million compared to $342.050 million a year ago period. Capital expenditures on property and equipment were $64.732 million against $54.340 million a year ago period. Intangible assets acquired were $3.700 million compared to $2.985 million a year ago. EBITDA was $325.549 million against $260.633 million a year ago period. Adjusted free cash flow was $306.641 million against $287.710 million a year ago period.

For the year ending November 30, 2013, the company reaffirms and expects: all-in revenue in a range of $1.640 billion to $1.710 billion, including an overall organic growth rate expected to be between 5%-7% at the midpoint; all-in adjusted EBITDA in a range of $540 million to $582 million; and adjusted EPS between $4.23 and $4.43 per diluted share.

Additionally, for the year ending November 30, 2013, the company expects depreciation and amortization expense to be approximately $140-145 million; net interest expense to be approximately $21 million; stock-based compensation expense to be approximately $138-142 million; an adjusted tax rate of approximately 26%-28%.