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IHS Inc. (IHS) Raises FY13 Outlook Following Polk Acquisition

IHS Inc. (NYSE: IHS) is updating its financial guidance for the year ending November 30, 2013 as follows:

  • All-in revenue in a range of $1.80 to $1.82 billion;
  • All-in Adjusted EBITDA in a range of $540 to $560 million; and
  • Adjusted EPS in a range of $4.75 to $5.00 per diluted share.

“We are excited about the value we are creating through the combination of IHS and R.L. Polk, and the $0.40-$0.50 of incremental Adjusted EPS we expect it to add to IHS in 2014. We also continue to see solid organic growth for the remainder of 2013, despite the lower global corporate-spend environment and the uncertainty that remains macro-economically, and we remain focused on our path to build from current levels in 2014 and beyond,” said Scott Key, IHS president and chief executive officer.

For additional information, see the related supplemental presentation posted to IHS/s website at www.ihs.com.

Source:  Streetinsider.com/guidance

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