S&P Global Inc. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
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Viridi Parente, a developer of innovative lithium-ion technology, has been nominated as a finalist for the Commercial Technology of the Year at the 23rd annual S&P Global Platts Global Energy Awards. Their Green Machine technology offers a renewable mobile energy solution for construction and industrial applications, outperforming fossil fuel options in performance metrics. This recognition highlights the significance of Viridi's technology in emissions reduction and commercial success. The winners will be announced at a gala in New York City on December 9, 2021.
S&P Global (NYSE: SPGI) has released a pioneering research report titled "Glass Floors and Ceilings: Why Closing the Median Wage Gap Isn't Fair". This report examines the gender wage gap over 15 years, highlighting that women in executive roles often receive compensation clustered around the median, which can hinder pay equity. Key findings include a steady rise in women’s median pay ratio contrasted by a decline in mean pay, and evidence of Gender-Based Compensation Management in firms with governance issues. The report aims to prompt companies to adopt a broader perspective in addressing pay equity.
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S&P Global (NYSE: SPGI) reported Q3 2021 revenue of $2,087 million, a 13% increase year-over-year, with net income up 75% to $797 million. Diluted EPS rose 75% to $3.30, driven by strong revenue growth and adjustments linked to merger-related costs. Operating profit margin reached 51.9%. The merger with IHS Markit is progressing, with expected completion in Q1 2022. The company anticipates low double-digit revenue growth in 2021, with GAAP EPS guidance now between $12.50 and $12.65. Free cash flow is projected at $3.6 billion to $3.7 billion.
ZincFive has been recognized as a finalist for the S&P Global Platts Global Energy Awards for its BC Series Battery Cabinets for the second consecutive year. Competing for the title of Commercial Technology of the Year, the BC Series utilizes nickel-zinc batteries to deliver sustainable uninterruptible power solutions in critical applications. The award selection stems from over 300 nominees highlighting innovation and performance. Winners will be announced on December 9, 2021, in New York City.
S&P Global Platts announced the launch of two new daily methanol bunker fuel price assessments for Singapore and Houston, effective October 25, 2021. These assessments aim to reflect the value of methanol as a marine fuel, expanding upon existing offerings that include a previous assessment for Rotterdam. The initiative responds to a growing demand for cleaner marine fuels in the shipping sector and provides transparency for market participants. Daily assessments will include costs related to spot methanol and delivery, as well as comparisons with other marine fuels.
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S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) announced a conditional Phase 1 approval for their $44 billion merger from the European Commission. This merger aims to enhance innovation and provide broader insights for customers. To address regulatory concerns, S&P Global will divest CUSIP Global Services and certain related businesses, while IHS Markit plans to divest its Oil Price Information Services and explore other divestitures. The merger is expected to close in Q1 2022, pending global regulatory approvals.
S&P Global and IHS Markit have received conditional Phase 1 approval for their $44 billion merger from the European Commission, a crucial step towards the merger's completion. To address regulatory concerns, S&P Global plans to divest certain businesses, including CUSIP Global Services and Oil Price Information Services. Both companies expect to finalize the merger in Q1 2022, pending further regulatory approvals. The merger is anticipated to enhance innovation and expand service offerings, creating new opportunities for growth.