IHS Announces New Executive Appointments
Sep 3 14
IHS announced two industry veterans have joined its chemicals leadership team as the company continues to expand the breadth and depth of its global chemicals market coverage, and its insight and strategic consulting services for the chemical industry. Stein Raae, a noted international business executive and advisor with more than 30 years of experience at Exxon, Statoil and Norsk Hydro, has joined IHS Chemical as global business director of chlor-alkali/vinyls (CAV), and will be based in the company’s London office. In that capacity, Raae will focus on driving strategic growth for the IHS Chemical CAV business and will oversee commercial management for the segment. Most recently, Raae was chairman and senior partner of Advance Business Partner AS. David S. Byrne has joined the aromatics and fibers team at IHS Chemical as director, styrenics, cumene and phenolics. In that capacity, Byrne’s primary responsibilities will include customer interface and providing market insights relative to the Americas and global markets for these key chemical products. Byrne comes to IHS from Styron LLC in Houston, where he served as feed stocks commercial manager.
IHS Chemical Presents at Credit Suisse Basic Materials Conference 2014, Sep-17-2014 10:55 AM
Aug 19 14
IHS Chemical Presents at Credit Suisse Basic Materials Conference 2014, Sep-17-2014 10:55 AM. Venue: Credit Suisse, One Madison Avenue - between 23rd and 24th streets, New York, NY 10010, United States. Speakers: Mark Eramo, VP, Chemicals Market Research & Analysis.
IHS Presents at 5th Annual Mozambique Coal Conference, Jul-21-2014 through Jul-22-2014
Jul 18 14
IHS Presents at 5th Annual Mozambique Coal Conference, Jul-21-2014 through Jul-22-2014. Venue: Radisson Blu Hotel, Avenida Marginal 141 Maputo, Maputo, Mozambique. Presentation Date & Speakers: Jul-21-2014, Marian Hookham, Senior Manager, Energy Publishing. Jul-22-2014, Marian Hookham, Senior Manager, Energy Publishing, Robert Besseling, Principal Africa Analyst - Economics & Country Risk.
IHS Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended May 31, 2014; Provides Earnings Guidance for the Year Ending November 30, 2014
Jun 19 14
IHS Inc. announced unaudited consolidated earnings results for the second quarter and six months ended May 31, 2014. For the quarter, revenue was $568,008,000 against $418,143,000 a year ago. Operating income was $86,773,000 against $61,584,000 a year ago. Income from continuing operations before income taxes was $72,398,000 against $55,723,000 a year ago. Income from continuing operations was $55,492,000 or $0.81 per basic and diluted share against $42,883,000 or $0.65 per basic and diluted share a year ago. Net income was $55,492,000 or $0.81 per basic and diluted share against $42,890,000 or $0.65 per basic and diluted share a year ago. Adjusted EBITDA was $172,733,000 against $130,156,000 a year ago. Adjusted net income was $100,851,000 against $83,496,000 a year ago. Adjusted EPS was $1.47 against $1.26 a year ago. Free cash flow was $194,687,000 against $106,411,000 a year ago. Cash flow from operations was $221,113,000 against $129,480,000 a year ago.
For the six months, revenue was $1,092,466,000 against $800,668,000 a year ago. Operating income was $142,427,000 against $97,984,000 a year ago. Income from continuing operations before income taxes was $113,058,000 against $86,347,000 a year ago. Income from continuing operations was $87,914,000 or $1.29 per basic and diluted share against $67,554,000 or $1.03 per basic and diluted share a year ago. Net income was $87,914,000 or $1.29 per basic and diluted share against $67,561,000 or $1.03 per basic share and diluted a year ago. Net cash provided by operating activities was $374,974,000 against $261,166,000 a year ago. Capital expenditures on property and equipment were $51,036,000 against $42,436,000 a year ago. Intangible assets acquired were $714,000 a year ago. Adjusted EBITDA was $328,908,000 against $248,350,000 a year ago. Adjusted net income was $188,782,000 against $155,550,000 a year ago. Adjusted EPS was $2.75 against $2.34 a year ago. Free cash flow was $323,938,000 against $218,730,000 a year ago.
For the year ending November 30, 2014, the company expects revenue in a range of $2.17 billion to $2.23 billion, including 6-7% organic growth on the subscription base; adjusted EBITDA in a range of $675 million to $705 million; adjusted EPS in a range of $5.50 to $5.85 per diluted share, adjusted tax rate of approximately 28-30%; and an effective GAAP tax rate of approximately 20-22%.