IHS Markit Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended November 30, 2016; Provides Earnings Guidance for the Year Ending November 30, 2017
For the year, the company reported revenue of $2,734.8 million compared to $2,184.3 million a year ago. Operating income was $260.4 million compared to $307.8 million a year ago. Income from continuing operations before income taxes and equity in loss of equity method investee was $142.3 million compared to $237.8 million a year ago. Net income attributable to the company was $152.8 million or $0.48 per diluted share compared to $240.2 million or $0.97 per diluted share a year ago. Net cash provided by operating activities was $638.3 million compared to $612.6 million a year ago. Capital expenditures on property and equipment were $147.6 million compared to $122.9 million a year ago. Adjusted EBITDA was $987.7 million compared to $696.4 million a year ago. Adjusted net income was $570.0 million or $1.80 per diluted share compared to $393.1 million or $1.60 per diluted share a year ago.
The company provided earnings guidance for the year ending November 30, 2017. For the year ending November 30, 2017, the company expects revenue in a range of $3.490 billion to $3.560 billion, including total organic growth of 2% to 4%; adjusted EBITDA in a range of $1.375 billion to $1.400 billion; and adjusted EPS in a range of $2.02 to $2.08 per diluted share.