This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

IHS Inc. Reports First Quarter 2013 Results

Stocks in this article: IHS

IHS Inc. (NYSE: IHS), the leading global source of information and analytics, today reported results for the first quarter ended February 28, 2013.

  • Revenue of $383 million, up 12 percent from the prior-year period
  • Organic revenue growth rate of five percent overall, including eight percent for subscription-based business
  • Adjusted EBITDA of $118 million, or 30.9 percent of revenue
  • Non-GAAP earnings per diluted share (adjusted EPS) of $0.86, up 12 percent from the prior-year period
  • Adjusted free cash flow of $112 million, up 47 percent from the prior-year period

Adjusted EBITDA, adjusted EPS, and adjusted free cash flow are non-GAAP financial measures used by management to measure operating performance. These terms are defined elsewhere in this release. Please see schedules appearing later in this release for reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures.

First Quarter 2013 Financial Performance

    Three Months Ended   Change
(in thousands, except percentages and per share data) February 28, 2013   February 29, 2012 $   %
Revenue $ 382,525 $ 342,743 $ 39,782 12 %
 
Net income $ 24,671 $ 23,475 $ 1,196 5 %
Adjusted EBITDA $ 118,194 $ 103,633 $ 14,561 14 %
 
GAAP EPS $ 0.37 $ 0.35 $ 0.02 6 %
Adjusted EPS $ 0.86 $ 0.77 $ 0.09 12 %
 
Cash flow from operations $ 131,686 $ 32,983 $ 98,703 299 %
Adjusted free cash flow $ 112,319 $ 76,427 $ 35,892 47 %
 

“The first quarter was a solid start to 2013 and a continuation of our steady performance amid a challenging macroeconomic environment,” said Jerre Stead, IHS chairman and chief executive officer. “We are achieving key milestones with regard to our infrastructure initiatives while at the same time investing significantly to capture our full commercial potential. We expect to exit 2013 better positioned than ever to deliver sustainable, profitable long-term growth.”

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,298.71 -118.14 -0.68%
S&P 500 2,006.20 -15.05 -0.74%
NASDAQ 4,665.3750 -18.0320 -0.38%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs