WASHINGTON (dpa-AFX) - S&P Global (SPGI) said its initial 2024 guidance
calls for revenue growth of 5.5% to 7.5%, GAAP EPS in the range of $10.70 to
$10.95, and adjusted EPS in the range of $13.75 to $14.00. For full year 2024,
the company expects to return approximately 85% of adjusted free cash flow to
shareholders through dividends and share repurchases. The Board has authorized a
quarterly cash dividend of $0.91. Also, the Board has authorized the repurchase
of shares totaling up to $2.4 billion. The company plans to launch an initial
$500 million Accelerated Share Repurchase in the coming weeks.

Fourth quarter GAAP net income increased 34% to $579 million and GAAP earnings
per share increased 38% to $1.83 driven primarily by strong Ratings growth and
lower merger-related costs. Adjusted net income increased 19% to $988 million
and adjusted earnings per share increased 23% to $3.13. Analysts on average had
expected the company to earn $3.15 per share, according to figures compiled by
Thomson Reuters. Analysts' estimates typically exclude special items.

Fourth quarter reported revenue was $3.15 billion, an increase of 7% compared to
the
fourth quarter of 2022. Excluding the impact of Engineering Solutions, revenue
growth would have been 11% year over year. Analysts on average had estimated
$3.13 billion in revenue.

Shares of S&P Global are down 4% in pre-market trade on Thursday.

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