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Moody's | 8-K: MOODY'S CORPORATION REPORTS RESULTS FOR SECOND QUARTER 2024

Moody's | 8-K: MOODY'S CORPORATION REPORTS RESULTS FOR SECOND QUARTER 2024

穆迪 | 8-K:穆迪公司公布2024年第二季度业绩
美股SEC公告 ·  2024/07/23 19:00

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Moody's Corporation reported strong Q2 2024 results with revenue increasing 22% to $1.8 billion. Moody's Investors Service (MIS) revenue grew 36% to $1.0 billion, driven by favorable market conditions and high investor demand. Moody's Analytics (MA) revenue rose 7% to $802 million, with recurring revenue representing 95% of total MA revenue.Operating income jumped 41% to $775 million, with adjusted operating margin expanding 590 basis points to 49.6%. Diluted EPS increased 47% to $3.02, while adjusted diluted EPS grew 43% to $3.28. The company generated operating cash flow of $1.46 billion in the first half of 2024.Given the strong performance, Moody's raised its full-year 2024 guidance, now expecting revenue growth in the low-teens percent range and adjusted diluted EPS of $11.00-$11.40, up from previous guidance of $10.40-$11.00. The company also increased its share repurchase target to $1.3 billion from $1.0 billion.
Moody's Corporation reported strong Q2 2024 results with revenue increasing 22% to $1.8 billion. Moody's Investors Service (MIS) revenue grew 36% to $1.0 billion, driven by favorable market conditions and high investor demand. Moody's Analytics (MA) revenue rose 7% to $802 million, with recurring revenue representing 95% of total MA revenue.Operating income jumped 41% to $775 million, with adjusted operating margin expanding 590 basis points to 49.6%. Diluted EPS increased 47% to $3.02, while adjusted diluted EPS grew 43% to $3.28. The company generated operating cash flow of $1.46 billion in the first half of 2024.Given the strong performance, Moody's raised its full-year 2024 guidance, now expecting revenue growth in the low-teens percent range and adjusted diluted EPS of $11.00-$11.40, up from previous guidance of $10.40-$11.00. The company also increased its share repurchase target to $1.3 billion from $1.0 billion.
穆迪公司报告了强劲的2024年第二季度业绩,营业收入增长22%至18亿。穆迪投资者服务公司(MIS)营业收入增长36%至10亿,受益于有利的市场条件和高涨的投资者需求。穆迪分析(MA)营业收入增长7%至80200万, recurring revenue占MA总营业收入的95%。营业收入跃升41%至77500万,调整后的营业利润率扩大590个基点,达到49.6%。摊薄后每股收益增加47%,达到3.02美元,而调整后的摊薄后每股收益增长43%,达到3.28美元。公司在2024年上半年产生了14.6亿的营业现金流。鉴于强劲的表现,穆迪提高了2024年的全年指导预期,现在预计营业收入增长将在低十位数的区间,并且调整后的摊薄后每股收益在11.00-11.40美元之间,高于之前的10.40-11.00美元的指导。公司还将其股票回购目标从10亿提高至13亿。
穆迪公司报告了强劲的2024年第二季度业绩,营业收入增长22%至18亿。穆迪投资者服务公司(MIS)营业收入增长36%至10亿,受益于有利的市场条件和高涨的投资者需求。穆迪分析(MA)营业收入增长7%至80200万, recurring revenue占MA总营业收入的95%。营业收入跃升41%至77500万,调整后的营业利润率扩大590个基点,达到49.6%。摊薄后每股收益增加47%,达到3.02美元,而调整后的摊薄后每股收益增长43%,达到3.28美元。公司在2024年上半年产生了14.6亿的营业现金流。鉴于强劲的表现,穆迪提高了2024年的全年指导预期,现在预计营业收入增长将在低十位数的区间,并且调整后的摊薄后每股收益在11.00-11.40美元之间,高于之前的10.40-11.00美元的指导。公司还将其股票回购目标从10亿提高至13亿。
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