Inactive Instrument

IHS Markit Ltd.

Equities

INFO

BMG475671050

IHS Markit : Cuts 2021 Adjusted EPS Guidance on Share-Buyback Pause

January 13, 2021 at 07:52 am EST

By Dave Sebastian

IHS Markit Ltd. on Wednesday cut its outlook for 2021 adjusted per-share earnings because it has paused share repurchases as part of its combination agreement with S&P Global Inc.

The information-and-analytics company said it expects adjusted earnings of $3.11 a share to $3.16 a share for the year, three cents lower than previously guided.

IHS Markit reaffirmed its revenue guidance of $4.535 billion to $4.635 billion, reflecting a roughly 6% to 8% organic growth.

The company earlier Wednesday posted lower fourth-quarter profit and revenue, though it beat profit expectations.

Write to Dave Sebastian at dave.sebastian@wsj.com

Corrections & Amplifications

This was corrected March 23, 2021 because the original version incorrectly stated that IHS Markit reaffirmed its revenue guidance of $4.525 billion to $4.635 billion. IHS Markit Ltd. reaffirmed its revenue guidance of $4.535 billion to $4.635 billion.

(END) Dow Jones Newswires

01-13-21 0752ET

Latest news about IHS Markit Ltd.

IHS Markit Ltd Announces Board Changes	23-10-16	CI
KKR North America Fund XIII SCSp managed by KKR & Co. Inc. completed the acquisition of Engineering Solutions Business from IHS Markit Ltd.	23-05-01	CI
IHS Markit Ltd. Announces Resignation of Directors	23-02-17	CI
KKR North America Fund XIII SCSp managed by KKR & Co. Inc. entered into a securities and asset purchase agreement to acquire Engineering Solutions Business from IHS Markit Ltd. for approximately $980 million.	23-01-16	CI
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IHS Markit Ltd.(NYSE:INFO) dropped from FTSE All-World Index	22-03-02	CI
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IHS Markit Ltd.(NYSE:INFO) dropped from S&P TMI Index	22-03-02	CI
IHS Markit Ltd.(NYSE:INFO) dropped from S&P 500 Value	22-03-02	CI
IHS Markit Ltd.(NYSE:INFO) dropped from S&P 500 Growth	22-03-02	CI
IHS Markit Ltd.(NYSE:INFO) dropped from S&P 500 Ex-Financials, Real Estate, Utilities and Transportation Index	22-03-02	CI
IHS Markit Ltd.(NYSE:INFO) dropped from S&P 500 Industrials	22-03-02	CI
IHS Markit Ltd.(NYSE:INFO) dropped from S&P Composite 1500	22-03-02	CI
IHS Markit Ltd.(NYSE:INFO) dropped from S&P Global 1200	22-03-02	CI
IHS Markit Ltd.(NYSE:INFO) dropped from S&P 500	22-03-02	CI
IHS Markit Ltd.(NYSE:INFO) dropped from S&P 500 EQUAL WEIGHTED	22-03-02	CI
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Sector Update: Financial	22-02-28	MT
News Corp Completes $1.15 Billion Buyout of Oil Price Information Service from S&P Global, IHS Markit	22-02-28	MT
S&P Global Completes Merger With IHS Markit	22-02-28	MT
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News Corporation completed the acquisition of Oil Price Information Services, Coal, Metals and Mining and PetroChem Wire businesses from IHS Markit Ltd..	22-02-27	CI

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Company Profile

IHS Markit Ltd. specializes in the development and marketing of critical analytics and information solutions and services for industries and markets providing economic stimulus around the world. Net sales break down by area of activity as follows: - financial services (41.6%); - transportation (29.1%); - energy and chemical industry (18.2%); - technology industries (11.1%). Net sales are distributed geographically as follows: the United Kingdom (10.4%), the United States (61.2%), and other (28.4%).

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