IHS’s organic revenue grew at a rate of five percent overall. Adjusted EBITDA of $144 million, up 19% from the prior-year period. Adjusted earnings per diluted share (adjusted EPS) of $1.27, up six percent from the prior-year period. Free cash flow of $279 million year-to-date, up 42 percent from the prior-year period
Adjusted EBITDA, adjusted EPS, and 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.
“Positive third-quarter results were highlighted by our best overall organic revenue growth rate yet this year and very strong initial results from our recent R.L. Polk acquisition,” said Scott Key, IHS president and chief executive officer. “Additionally, we completed a series of strategic product releases during the quarter that have us on track in our strategy of converging IHS information, workflow tools, insight, research and analytics capabilities onto integrated platforms. The development and rollout of these integrated platforms represents the largest commercial deployment in our company’s history and are a key element in our delivery of long-term profitable growth.”
Source: Streetinsider.com
