IHS Reaffirms 2015 Financial Guidance
For the year ending
-
Revenue at the mid-point of the range of
\\$2.30 billion to \\$2.34 billion , including the low end of 5-6 percent subscription organic growth, negative non-subscription organic growth, and total organic growth of 1-2 percent; -
Adjusted EBITDA toward the high end of the range of
\\$725 million to\\$740 million ; and -
Adjusted EPS toward the high end of the range of
\\$5.80 to \\$6.00 per diluted share.
The above outlook assumes no further currency movements, acquisitions, divestitures, pension mark-to-market adjustments or unanticipated events. See discussion of non-GAAP financial measures at the end of this release.
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Use of Non-GAAP Financial Measures
Non-GAAP results are presented only as a supplement to our financial
statements based on U.S. generally accepted accounting principles
(GAAP). Non-GAAP financial information is provided to enhance the
reader’s understanding of our financial performance, but none of these
non-GAAP financial measures are recognized terms under GAAP and non-GAAP
measures should not be considered in isolation or as a substitute for
financial measures calculated in accordance with GAAP. Our most recent
non-GAAP reconciliations were furnished as an exhibit to a Form 8-K on
We use non-GAAP measures in our operational and financial decision-making, believing that it is useful to exclude certain items in order to focus on what we deem to be a more reliable indicator of ongoing operating performance and our ability to generate cash flow from operations. As a result, internal management reports used during monthly operating reviews feature the Adjusted EBITDA, Adjusted net income, Adjusted EPS, and free cash flow metrics. We also believe that investors may find non-GAAP financial measures useful for the same reasons, although investors are cautioned that non-GAAP financial measures are not a substitute for GAAP disclosures.
Because not all companies use identical calculations, our presentation
of non-GAAP financial measures may not be comparable to other
similarly-titled measures of other companies. However, these measures
can still be useful in evaluating our performance against our peer
companies because we believe the measures provide users with valuable
insight into key components of GAAP financial disclosures.
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