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S&P Global (NYSE: SPGI) announced an extension of the expiration date for its Exchange Offers and Consent Solicitations regarding outstanding IHS Markit Notes (NYSE: INFO). The expiration date is moved from February 1, 2022, to February 22, 2022. As of January 26, 2022, substantial portions of various series of notes have been tendered, reflecting investor interest. The amendments will become operative upon settlement of the Exchange Offers, which are contingent on the closing of the pending merger between S&P Global and IHS Markit, expected in Q1 2022.
The Board of Directors of S&P Global (NYSE: SPGI) has announced a cash dividend of $0.77 for the first quarter of 2022, payable on March 10, 2022, to shareholders recorded by February 10, 2022. This results in an annualized dividend rate of $3.08 per share. In connection with its merger with IHS Markit (NYSE: INFO), S&P Global will not increase its dividend until the merger concludes, expected in Q1 2022, after which the Board will review the dividend policy for the combined entity.
CARFAX has launched the Lifetime Dealer program, allowing car owners to identify dealerships that provide complete access to CARFAX products during buying, servicing, or trading-in vehicles. These dealers receive premium visibility through CARFAX Vehicle History Reports and alerts for maintenance tracking. Being a Lifetime Dealer enhances dealership branding and fosters long-term customer relationships by leveraging CARFAX’s trusted data. The program aims to boost consumer confidence in purchasing vehicles from certified dealers.
The 40th annual CERAWeek by IHS Markit will be held in-person from March 7-11 in Houston. U.S. Secretary of Energy Jennifer Granholm will address industry leaders, discussing the future of energy and climate innovation. This year's theme, ‘Pace of Change: Energy, Climate and Innovation,’ focuses on tackling emissions while supporting a growing economy. Conference themes include More Energy, Lower Emissions and Geopolitics and Energy Markets. Registration and media accreditation details are available at CERAWeek.com.
IHS Markit reported robust fourth-quarter results for the period ending November 30, 2021, with revenue of $1.176 billion and a 10% organic growth. Net income surged 388% to $737 million, resulting in diluted EPS of $1.83. Adjusted EBITDA stood at $531 million, reflecting a 14% increase. The company generated $449 million in cash flow from operations, with free cash flow at $375 million. IHS Markit has expressed confidence in its growth trajectory, bolstered by the anticipated merger with S&P Global.
The report titled The Great Supply Chain Disruption: Why it Continues in 2022 from IHS Markit reveals unprecedented challenges facing global supply chains. Factors like COVID-19, logistical bottlenecks, and labor shortages are causing delivery delays and rising costs. In 2022, global GDP growth forecasts are reduced to 4.2% due to inflation concerns. Notably, companies are experiencing significant profit expectations declines, and supply chain disruptions are expected to persist. The report emphasizes the need for inventory reevaluation and greater resilience in supply chain strategies.
OPIS and CMM have completed their joint IOSCO assurance review for their commodity and coal benchmarks, marking nine and seven successful years, respectively. This review validates their adherence to the IOSCO Principles for Oil Price Reporting. The independent report, conducted by PwC, showcases their compliance frameworks and robust data processes. Executives Steve Tan and John Howland emphasized their commitment to transparency and high-quality data amid ongoing global challenges. IHS Markit, under which OPIS and CMM operate, continues to enhance its offerings in critical information and analytics.
IHS Markit (NYSE: INFO) expands its OPIS voluntary carbon pricing suite, launching the Carbon Neutral Fuels Index (OPIS CNFI) and Core Carbon Credits (OPIS CCP) assessments. The OPIS CNFI provides emissions offsetting prices for 18 fuels and shipping options, while the OPIS CCP averages around
IHS Markit (NYSE: INFO) has declared a quarterly cash dividend of $0.20 per share for Q1 2022. This dividend is payable on February 11, 2022, to shareholders on record as of January 28, 2022. The Markit Group Holdings Limited Employee Benefit Trust has waived its right to receive these dividends, meaning it will not participate in this payout.
IHS Markit (NYSE: INFO) will release its financial results for the fourth quarter and fiscal year 2021 on January 21, 2022 at 7:00 a.m. EST. There will be no earnings call webcast following the results due to the upcoming merger with S&P Global, expected to close in the first quarter of 2022. The financial release and supplemental information will be available on the IHS Markit investor website after the announcement. The company serves over 50,000 clients, including 80% of the Fortune Global 500, focusing on analytics and solutions across various industries.
