$MCO (Moody's Corporation)

$MCO {{ '2016-07-22T17:10:49+0000' | timeago}} • Webcast

Bill Warmington of Wells Fargo asks if $MCO is seeing any change in the selling environment for Enterprise Risk Solutions and Professional Services in Moody's Analytics. CEO Ray McDaniel replied that the company is not seeing any change and he added that it's very much business as usual.

$MCO {{ '2017-08-10T13:55:59+0000' | timeago}} • Announcement

$MCO completed the acquisition of Bureau van Dijk, a provider of business intelligence. Starting today, $MCO’s financial results will include Bureau van Dijk’s operations. $MCO expects to provide updated full year 2017 guidance, inclusive of the impact of Bureau van Dijk, in its 3Q17 earnings release.

$MCO {{ '2017-07-28T20:05:43+0000' | timeago}} • Announcement

Rating agency $MCO said the European Commission has granted clearance for its acquisition of business intelligence provider Bureau van Dijk. The company expects to complete the acquisition in August 2017. After closing of the transaction, Moody’s will consolidate Bureau van Dijk’s financial results.

$MCO {{ '2017-07-21T11:49:06+0000' | timeago}} • Announcement

$MCO lifted FY17 EPS guidance to $5.69-5.84 from $5.46-5.61 and adjusted EPS outlook to $5.35-5.50 from upper end of $5.15-5.30. $MCO raised forecast given the strength of 1H and a supportive market environment. $MCO now sees an adjusted operating margin of about 47% and revenue to increase in the high-single-digit percent range.

$MCO {{ '2017-07-21T11:42:01+0000' | timeago}} • Announcement

$MCO's public, project and infrastructure finance revenue for 2Q17 declined 7% from last year, on decline in U.S. issuance and a change in mix of European infrastructure issuance, partially offset by strong growth in infrastructure issuance in Asia. Revenue from professional services slid 5% from the prior-year period.

$MCO {{ '2017-07-21T11:40:42+0000' | timeago}} • Announcement

$MCO's revenue from research, data and analytics (RD&A) for 2Q17 increased 7%, on strength in sales of credit research and ratings data feeds. Enterprise risk solutions (ERS) revenue was flat to last year, on timing of revenue recognition for customer projects, many of which are expected to complete in 2H17.

$MCO {{ '2017-07-21T11:39:19+0000' | timeago}} • Announcement

$MCO's structured finance revenue for 2Q17 increased 7% from last year, on continued strength of US CLO issuance. Financial institutions revenue grew 14%, on rise in issuance from infrequent issuers in EMEA. Public, project and infrastructure finance revenue.

$MCO {{ '2017-07-21T11:37:19+0000' | timeago}} • Announcement

$MCO's corporate finance revenue for 2Q17 increased 17% from last year. This result reflected a favorable mix within each of US leveraged finance issuance and EMEA investment grade issuance, as well as strong growth in EMEA bank loan issuance and Asian bond issuance.

$MCO {{ '2017-07-21T11:35:43+0000' | timeago}} • Announcement

$MCO reported a rise in 2Q17 earnings driven by higher revenue in Moody's Investors Services and an increase in Moody's Analytics revenue. Net income rose to $312.2MM or $1.61 per share from $255.5MM or $1.30 per share last year. Revenue grew to $1Bil from $928.9MM. Adjusted EPS increased to $1.51 from $1.30.

$MCO {{ '2017-07-12T19:51:15+0000' | timeago}} • Announcement

$MCO's BoD declared a regular quarterly dividend of 38 cents per share of its common stock. The dividend will be payable on Sept, 12, 2017 to stockholders of record at the close of business on Aug. 22, 2017.

$MCO {{ '2017-06-01T14:01:20+0000' | timeago}} • Announcement

$MCO is offering to sell $1.0Bil aggregate principal amount of two series of senior notes. Moody’s expects to use the net proceeds from this offering to fund a portion of the purchase price of its acquisition of Bureau van Dijk Electronic Publishing B.V., a provider of business intelligence and company information products.

$MCO {{ '2017-05-15T11:55:14+0000' | timeago}} • Announcement

Through the acquisition of Bureau van Dijk, $MCO expects approx $45MM of annual revenue and expense synergies by 2019, and $80MM by 2021. On a GAAP basis, the acquisition is expected to add to Moody’s EPS in 2019. Excluding purchase price amortization and one-time integration costs, it is expected to add to EPS in 2018.

$MCO {{ '2017-05-15T11:52:34+0000' | timeago}} • Announcement

$MCO has agreed to acquire Bureau van Dijk, a global provider of business intelligence, for approx $3.27Bil. Moody’s will fund the transaction through a combination of offshore cash and new debt financing. The acquisition is expected to close in 3Q17.

$MCO {{ '2017-05-05T17:03:01+0000' | timeago}} • Webcast

$MCO is modernizing its analytics and data platforms. The company is putting in place a workflow platform for the analysts that will automate a lot of the credit administration and rating workflow. $MCO expects to see benefits and efficiencies from these initiatives.

$MCO {{ '2017-05-05T16:45:23+0000' | timeago}} • Webcast

$MCO stated that the updated 1Q17 to 4Q17 expense ramp is $30-40MM. The company had an uptick because of higher incentive compensation in 1Q17 and some spending on IT projects. This caused the revision from the previous range of $20-25MM.

$MCO {{ '2017-05-05T16:35:27+0000' | timeago}} • Webcast

$MCO is looking at protracted lower GDP growth especially in developed economies. For 2017, the MIS GDP forecast for the G20 are about 3%, the US is 2.4% and the Euro area is 1.3%. Between the US and Euro area, $MCO is looking at 85% of its revenue. $MCO is taking this into account in terms of the pace of debt market expansions.

$MCO {{ '2017-05-05T16:13:14+0000' | timeago}} • Webcast

$MCO said the share of overhead allocation is fixed and does not change from quarter to quarter. In 1Q17, there was core expansion in Moody’s Analytics margin, and as the Enterprise Risk Solutions business matures and as the product offering matures, $MCO would expect to see more margin coming out of this business.

$MCO {{ '2017-05-05T11:40:45+0000' | timeago}} • Announcement

$MCO now sees FY17 EPS at $5.46-5.61, including the $0.31 per share gain from realignment involving Moody’s China affiliate CCXI. Full year adjusted EPS is expected to be toward the upper end of the range of $5.15-5.30. Operating expense is still touted to decrease in the 25% to 30% range. The effective tax rate is now seen to be approximately 30%.

$MCO {{ '2017-05-05T11:36:34+0000' | timeago}} • Announcement

In 1Q17, $MCO saw Moody’s Investors Service revenue jump 27% to $668.2MM, while revenue from Moody’s Analytics hiked 5% to $307.0MM. Operating expense for the quarter was $531.8MM, up 4% from the prior-year period, with effective tax rate falling to 23.4% from 32.3%. Operating income spiked 46% to $443.4MM.

$MCO {{ '2017-05-05T11:33:22+0000' | timeago}} • Announcement

$MCO's revenue soared 19% to $975.2MM in 1Q17, as it posted an 87% jump in net attributable income of $345.6MM from last year's $184.4MM. Earnings spiked to $1.78 per diluted share from $0.93 a share, as Moody's saw US revenue surge 20% to $577.8MM.

$MCO {{ '2017-04-25T21:56:02+0000' | timeago}} • Announcement

BoD of $MCO declared a regular quarterly dividend of 38 cents per share of its common stock. The dividend will be payable on June 12, 2017 to stockholders of record as on May 22, 2017.

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