IHS Markit Ltd (NYSE:INFO), a world leader in critical information, analytics and solutions, today reported results for the third quarter ended August 31, 2021.
- Revenue for the period amounted to $1.181 billion, with 9 percent total organic revenue growth.
- Net income totalled $161 million and diluted earnings per share (EPS) amounted to $0.40.
- The company reported Adjusted EBITDA of $516 million and Adjusted earnings per diluted share (Adjusted EPS) of $0.85.
- Cash flow from operations reached $421 million and free cash flow amounted to $344 million.
Below are the key financial metrics across business segments:
Financial Services. Third quarter revenue for Financial Services increased $44 million, or 10%, to $490 million, and included 8 percent total organic growth. Third quarter Adjusted EBITDA for Financial Services increased $15 million, or 7%, to $241 million.
Transportation. Third quarter revenue for Transportation increased $49 million, or 16%, to $347 million, and included 15% total organic growth. Third quarter Adjusted EBITDA for Transportation increased $14 million, or 9%, to $167 million.
Resources. Third quarter revenue for Resources remained flat at $208 million, with a 1% total organic decline. Third quarter Adjusted EBITDA for Resources decreased $3 million, or 3%, to $84 million.
Consolidated Markets & Solutions (CMS). Third quarter revenue for CMS increased $15 million, or 12%, to $136 million, and included 11% total organic growth. Third quarter Adjusted EBITDA for CMS increased $7 million, or 21%, to $38 million.