S&P Global Inc (NYSE:SPGI)

$ 480 -1.26 (-0.26%) Market Cap: 147.21 Bil Enterprise Value: 162.19 Bil PE Ratio: 38.87 PB Ratio: 4.46 GF Score: 94/100

Q4 2024 S&P Global Inc Earnings Call Transcript

Feb 11, 2025 / 01:30PM GMT

Release Date Price: $540.51 (+4.89%)

Transcript 10-K8-K

Key Points

Positve

S&P Global Inc (SPGI) reported a 15% increase in revenue for 2024, excluding divested Engineering Solutions, with strong growth in subscription products.
The company achieved a 25% growth in adjusted EPS, surpassing the midpoint of initial guidance by over 13%.
S&P Global Inc (SPGI) expanded its margins by more than 300 basis points, demonstrating operational excellence.
The company returned $4.4 billion to shareholders in 2024 through dividends and share repurchases, with plans for continued strong capital returns in 2025.
S&P Global Inc (SPGI) is making significant investments in technology and AI, including the launch of new AI-driven products and enhancements to existing offerings.

Negative

The company faces a highly competitive environment in financial services, with elevated price sensitivity impacting market intelligence.
S&P Global Inc (SPGI) anticipates a challenging comparison for 2025 due to the record issuance year in 2024, which may affect growth expectations.
There is caution and uncertainty around the macroeconomic environment, particularly in Europe and Asia, which could impact overall performance.
The company experienced elevated expenses in 2024 related to incentive compensation and commissions, affecting margin expansion in some divisions.
S&P Global Inc (SPGI) is dealing with market headwinds in its Market Intelligence and Mobility divisions, which could impact future growth.

Operator

Good morning, and welcome to S&P Global's fourth-quarter and full-year 2024 earnings conference call. I'd like to inform you that this call is being recorded for broadcast. (Operator Instructions)

I would now like to introduce Mr. Mark Grant, Senior Vice President of Investor Relations for S&P Global. Sir, you may begin.

Mark Grant

S&P Global Inc - Senior Vice President, Investor Relations

Good morning, and thank you for joining today's S&P Global fourth-quarter and full-year 2024 earnings call. Presenting on today's call are Martina Cheung, President and Chief Executive Officer; and Chris Craig, Interim Chief Financial Officer.

We issued a press release with our results earlier today. In addition, we have posted a supplemental slide deck with additional information on our results and guidance. If you need a copy of the release and financial schedules or the supplemental deck, they can be downloaded at investor.spglobal.com.

The matters discussed in today's conference call may contain forward-looking statements

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