IHS Inc. (IHS: Quote), a provider of critical information and insight products, on Wednesday reiterated its financial outlook for fiscal 2012.
Ahead of a previously announced conference presentation later in the day, IHS reaffirmed its outlook for fiscal 2012 adjusted earnings per share between $3.84 to $4.01, all-in revenue in a range of $1.525 billion to $1.575 billion, and all-in adjusted EBITDA or earnings before interest, taxes, depreciation and amortization of $488 million to $504 million.
On average, analysts polled by Thomson Reuters expect the company to earn $3.97 per share for the year on revenues of $1.55 billion. Analysts' estimates typically exclude special items.
IHS noted that the outlook does not include the recently announced agreement to acquire GlobalSpec Inc., pension mark-to-market adjustments or unanticipated events.
On Tuesday, IHS said it has agreed to acquire GlobalSpec from Warburg Pincus LLC for $135 million. GlobalSpec is a specialized vertical search, product information and digital media company serving the engineering, manufacturing and related scientific and technical market segments.
In mid-March, Englewood, Colorado-based IHS reported a decline in first-quarter profit, hurt by higher compensation and pension-related expenses.
Net income for the first quarter declined to $23.48 million or $0.35 per share from $31.94 million or $0.49 per share reported last year. Total revenues for the quarter grew 17 percent to $342.74 million from $293.14 million in the prior year.
At that time, IHS said it has acquired IMS Research, an independent provider of market research and consultancy to the global electronics industry, for about $46 million.
IHS closed Tuesday's trading at $102.19, up $0.42 on a volume of 171,400 shares.
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by RTT Staff Writer
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