Moody's Corporation Reports Results for First Quarter 2024

Rhea-AI Summary

Moody's (NYSE: MCO) reported strong financial performance in the first quarter of 2024, showcasing operating leverage as issuance markets rebound. The company is investing in innovation to capture new opportunities in the era of exponential risk.

Positive

• Strong financial performance in the first quarter of 2024
• Operating leverage demonstrated as issuance markets rebound
• Investment in innovation to capture new opportunities in the era of exponential risk

Negative

• None.

Insights

Financial Analyst

Moody's Corporation's report for the first quarter of 2024 indicates a strong financial performance with particular emphasis on operating leverage and earnings growth. This can be attributed to a rebound in issuance markets, which traditionally impact rating agencies like Moody's due to increased demand for credit assessments and bond ratings. The commitment to funding innovation is a strategic move that may bear fruit by diversifying its business and tapping into new markets related to risk assessment. However, investors should be cognizant of the cyclical nature of the credit markets and how that may affect future earnings volatility. A deeper analysis of the full-year outlook, compared with historical performance and market expectations, would be necessary to assess the sustainability of this growth.

Investment Strategist

The positive financial results for Moody's in the first quarter are indicative of a broader trend in financial markets where increased issuance activity enhances the demand for credit rating services. The management's focus on leveraging these conditions to invest in innovative solutions for 'exponential risk' suggests a forward-looking approach. For a retail investor, it is important to understand the potential for Moody's to capitalize on emerging risk assessment markets. While the present performance is robust, investors should balance these results against the backdrop of potential economic shifts that could influence market issuance activity and Moody's revenue streams in the long term.

NEW YORK--(BUSINESS WIRE)-- Moody's Corporation (NYSE: MCO) today announced results for the first quarter 2024, and provided an updated outlook for select metrics for full year 2024.

The First Quarter 2024 Earnings Release and other earnings materials can be found on the Moody’s IR website at ir.moodys.com. In addition, the Earnings Release will be furnished with the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov.

“Our strong first quarter financial performance is a testament to the unique power of our franchise, delivering tremendous operating leverage as issuance markets rebound, enabling us to fund innovation and investment in our business while delivering strong earnings growth,” said Rob Fauber, President and Chief Executive Officer of Moody’s. “This innovation and investment enables Moody’s to capture new opportunities in the era of exponential risk.”

Teleconference Details:

Date and Time	May 2, 2024, at 11:30 a.m. ET
Webcast	The webcast and its replay can be accessed through Moody’s Investor Relations website, ir.moodys.com within “Events & Presentations”.
Dial In	U.S. and Canada	+1-800-715-9871
	Other callers	+1-646-307-1963
	Passcode	515 6491
Dial In Replay	A replay will be available immediately after the call on May 2, 2024 and until June 1, 2024.
	U.S. and Canada	+1-800-770-2030
	Other callers	+1-647-362-9199
	Confirmation code	515 6491

For further information, please contact Investor Relations at ir@moodys.com.

ABOUT MOODY’S

In a world shaped by increasingly interconnected risks, Moody’s (NYSE:MCO) data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of approximately 15,000 across more than 40 countries, Moody’s gives customers the comprehensive perspective needed to act with confidence and thrive.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240502500815/en/

Shivani Kak

Head of Investor Relations

Investor Relations

+1.212.553.0298

shivani.kak@moodys.com

Michael Adler

Managing Director

Corporate Communications

+1.212.553.4667

michael.adler@moodys.com

Source: Moody’s Corporation Investor Relations

FAQ

When did Moody's announce results for the first quarter of 2024?

Moody's announced results for the first quarter of 2024 in their recent press release.

Where can I find Moody's 's First Quarter 2024 Earnings Release?

The First Quarter 2024 Earnings Release and other earnings materials can be found on the Moody’s IR website at ir.moodys.com.

What is the ticker symbol for Moody's ?

The ticker symbol for Moody's is MCO.

When is the webcast for Moody's 's first quarter 2024 results?

The webcast for Moody's 's first quarter 2024 results will be on May 2, 2024, at 11:30 a.m. ET.

Who is the President and Chief Executive Officer of Moody's ?

Rob Fauber is the President and Chief Executive Officer of Moody's

How can I access the webcast and its replay for Moody's 's first quarter 2024 results?

The webcast and its replay can be accessed through Moody’s Investor Relations website, ir.moodys.com within 'Events & Presentations'.

What is the contact information for Moody's 's Investor Relations?

For further information, please contact Investor Relations at ir@moodys.com.