Welcome to our dedicated page for S&P Global news (Ticker: SPGI), a resource for investors and traders seeking the latest updates and insights on S&P Global stock.
S&P Global Inc. (NYSE: SPGI) is a leading provider of financial intelligence, delivering critical data through its credit ratings, market analytics, and benchmark indices. This page aggregates all official company announcements, press releases, and market-moving developments in one centralized location.
Investors and professionals will find timely updates on earnings reports, strategic partnerships, regulatory filings, and leadership changes. The curated collection spans SPGI’s core divisions – including market-shaping ratings assessments, commodity insights, and index updates – providing context for how each development impacts broader financial markets.
Content is organized chronologically track corporate milestones while maintaining focus on material events. Users can efficiently monitor regulatory disclosures, merger activity, and innovation initiatives like AI-driven data tools. Bookmark this page to stay informed about SPGI’s role in shaping global capital flows and risk management practices.
S&P Global (NYSE: SPGI) reported Q1 2023 revenue of $3.16 billion, up 32% year-over-year, driven by IHS Markit inclusion, despite decreases in Ratings revenue. GAAP net income fell 36% to $795 million, and diluted EPS dropped 45% to $2.47, linked to prior year gains and higher shares post-merger. The company launched two new AI-powered Kensho products and returned $790 million to shareholders, including a $500 million accelerated share repurchase, with an additional $1 billion planned. Expected revenue growth for 2023 is 10% to 12%, while non-GAAP adjusted EPS is forecasted between $12.35 to $12.55. However, significant declines in Ratings revenue and operating profit margins are notable concerns.
S&P Global Mobility forecasts U.S. light vehicle sales to hit 1.29 million units in April 2023, marking a 4% increase from April 2022. This figure suggests a sales pace of 15.2 million units SAAR, comparable to Q1 2023. Despite ongoing improvements, sales remain cautious due to factors such as consumer affordability concerns and economic uncertainty. North American production in March 2023 reached 1.45 million units, the highest in 30 months. While BEV sales are estimated at over 7% share, volatility is expected due to federal EV incentives and pricing adjustments. Overall, demand may shift from inventory issues to consumer affordability challenges, impacting new vehicle pricing.
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