S&P Global Inc. (NYSE:SPGI) Q1 2018 Earnings Conference Call - Preliminary Transcript

Apr 26, 2018 • 08:30 am ET


S&P Global Inc. (NYSE:SPGI) Q1 2018 Earnings Conference Call - Preliminary Transcript


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Good morning and welcome to S&P Global's First Quarter 2018 Earnings Conference Call. I'd like to inform you that this call is being recorded for broadcast. 9All participants are in a listen-only mode. We will open the conference to question-and-answer session after the presentation and instructions will follow at that time. To access the webcast slides, go to investor.spglobal.com, that is investor.spglobal.com and click on the link to the Quarterly Earnings Webcast.

(Operator Instructions) I would now like to introduce Mr. Chip Merritt, Vice President of Investor Relations for S&P Global. Sir, you may begin.

Chip Merritt

Good morning. Thank you for joining S&P Global's earnings call. Presenting on this morning's call are Doug Peterson, President and CEO; and Ewout Steenbergen, Executive Vice President and Chief Financial Officer.

This morning, we issued a news release with our first quarter 2018 results. If you need a copy of the release and financial schedules, they can be downloaded at investor.spglobal.com.

In today's earnings release and during the conference call, we're providing adjusted financial information. This information is provided to enable investors make meaningful comparisons of the corporation's operating performance between periods and to view the corporation's business from the same perspective as management's.

The earnings release contains exhibits that reconcile the difference between the non-GAAP measures and the comparable financial measures calculated in accordance with U.S. GAAP.

Before we begin, I need to provide certain cautionary remarks about forward-looking statements. Except for historical information, the matters discussed in the teleconference may contain forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995, including projections, estimates, and descriptions of future events. Any such statements are based on current expectations and current economic conditions and are subject to risks and uncertainties that may cause actual results to differ materially from results anticipated in these forward-looking statements.

In this regard, we direct listeners to the cautionary statements contained in our Form 10-Ks, 10-Qs, and other periodic reports filed with the US. Securities and Exchange Commission.

I would also like to call your attention to a European regulation. Any investor who has or expects to obtain ownership of 5% or more of S&P Global should give me a call to better understand the impact of this legislation on the investor and potentially the company.

We're aware that we do have some media representatives with us on the call. However, this call is intended for investors, and we would ask that questions from the media be directed to Jason Feuchtwanger at 212-438-1247.

At this time, I would like to turn the call over to Doug Peterson. Doug?

Douglas Peterson

Good morning. Thank you, Chip. Welcome to the call today. Economies around the globe are glowing. Equity markets face increasing volatility and the world waits for potential trade war. But S&P Global is off to a great start in 2018.

Let me begin with the first quarter highlights. Leveraging technology and data is becoming increasingly critical to the company, so we're thrilled to have added leading-edge technology and unique data