Welcome!

News Feed Item

McGraw Hill Financial To Detail Strategy To Drive Growth And Performance At Inaugural Investor Day

Establishes Three-Year Performance Goals

NEW YORK, March 18, 2014 /PRNewswire/ -- McGraw Hill Financial (NYSE: MHFI) will hold its inaugural Investor Day today to introduce its strategy to drive growth and performance over the next three years and will showcase its latest innovative products. 

"McGraw Hill Financial will create growth and drive performance with its exceptional talent and leading brands that are well positioned to capitalize on secular trends in dynamic global capital, commodity and corporate markets," said Douglas L. Peterson, president and chief executive officer of McGraw Hill Financial. 

Three-year Performance Goals Established
The Company is setting annual growth goals (2014-2016) of:

  • Mid to high single-digit revenue growth;
  • Sustained margin expansion;
  • Mid-teens EPS growth; and
  • $1 billion of free cash flow.

Evaluating Strategic Alternatives for McGraw Hill Construction
The Company plans to complete its portfolio rationalization by exploring strategic alternatives for McGraw Hill Construction, a leading provider of essential data, news and insights to better inform construction professionals' decisions in the United States.  McGraw Hill Construction has approximately $170 million in annual revenue and stand-alone operating margins approaching 20%. The business has shifted away from legacy print products to new, innovative data and analytics offerings, which are generating double-digit growth.  Evercore Partners is acting as a financial advisor to the Company in this matter.

Targeting at Least $100 Million in Productivity Savings
The Company is targeting at least $100 million in cost savings over the next three years.  Multiple initiatives are underway to realize this goal, such as enterprise-wide process simplification, reducing its real estate portfolio, leveraging technology and rationalizing procurement.

2014 Outlook Reaffirmed
The Company is affirming its 2014 guidance and continues to expect mid-single‐digit revenue growth in 2014 compared to 2013, adjusted diluted EPS of $3.75 to $3.85, and free cash flow of approximately $1 billion.

Strong Record of Financial Performance and Shareholder Returns
Over the last three years, McGraw Hill Financial has produced 11% annualized revenue growth, expanded adjusted operating margins from 28% to 33%, and grown adjusted earnings per share at a 26% annualized rate. With strong free cash flow, McGraw Hill Financial has returned significant capital to shareholders. From 2011-2013, the Company returned approximately $4.4 billion in the form of dividends and share repurchases, including approximately $1.3 billion last year. 

Event Details
The Company will provide additional detail around its strategic priorities and showcase innovative product offerings at its Investor Day today.  Presentations will be made by: Mr. Peterson; Jack Callahan, EVP and CFO, McGraw Hill Financial; Ken Vittor, EVP and General Counsel, McGraw Hill Financial; Larry Neal, President, Platts; Alex Matturri, CEO, S&P Dow Jones Indices; Finbarr O'Neill, President, J.D. Power; Lou Eccleston, President, S&P Capital IQ; Neeraj Sahai, President, Standard & Poor's Ratings Services and Roopa Kudva, MD and CEO, CRISIL. 

Webcast Details
The event is by invitation only to attend in person. The Company will video webcast all the presentations and will make them available, live and in replay, for all interested parties at http://investor.mhfi.com/phoenix.zhtml?c=96562&p=irol-EventDetails&EventId=5094779 (please copy and paste URL into web browser).

The video webcast will begin streaming live at 1:00 p.m. Eastern Time on March 18, 2014 and will conclude at 4:30 p.m. Eastern Time. Discussions may include forward-looking information. Additional information presented during Investor Day may be made available on the Company's Investor Relations website at http://investor.mhfi.com.  

A limited number of telephone lines will be available for participants without access to the video webcast. Domestic participants may call +1 (888) 391-6568; international participants may call +1 (415) 228-4733 (long distance charges will apply). The passcode is "MHFI" and the conference leader is Douglas Peterson. A recorded telephone replay will be available approximately two hours after the meeting concludes and will remain available until April 18, 2014. Domestic participants may call +1 (800) 945-2458; international participants may call +1 (203) 369-3946 (long distance charges will apply). No passcode is required.

Forward-looking Statements
The forward-looking statements in this news release involve risks and uncertainties and are subject to change based on various important factors, including worldwide economic, financial, liquidity, political and regulatory conditions; the health of debt (including U.S. residential mortgage-backed securities and collateralized debt obligations) and equity markets, including possible future interest rate changes; the health of the economy; the successful marketing of competitive products; and the effect of competitive products and pricing.

About McGraw Hill Financial
McGraw Hill Financial is a leading financial intelligence company providing the global capital and commodity markets with independent benchmarks, credit ratings, portfolio and enterprise risk solutions, and analytics. The Company's iconic brands include Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, CRISIL, J.D. Power and McGraw Hill Construction. The Company has approximately 17,000 employees in 29 countries. Additional information is available at www.mhfi.com.

Investor Relations: http://investor.mhfi.com

Get news direct from McGraw Hill Financial via RSS:
http://investor.mhfi.com/phoenix.zhtml?c=96562&p=rssSubscription&t=&id=&   

Contact:

Investor Relations:
Chip Merritt
Vice President, Investor Relations
(212) 512-4321 (office)
[email protected]

News Media:
Jason Feuchtwanger
Director, Corporate Media Relations
(212) 512-3151 (office)
[email protected]

Emily Fredrix Goodman
Manager, Corporate Communications and Social Media
(212) 512-2825 (office)
[email protected]

SOURCE McGraw Hill Financial

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
On Dice.com, the number of job postings asking for skill in Amazon Web Services increased 76 percent between June 2015 and June 2016. Salesforce.com saw its own skill mentions increase 37 percent, while DevOps and Cloud rose 35 percent and 28 percent, respectively. Even as they expand their presence in the cloud, companies are also looking for tech professionals who can manage projects, crunch data, and figure out how to make systems run more autonomously. Mentions of ‘data science’ as a skill ...
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, will provide economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session will also include a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
Choosing the right cloud for your workloads is a balancing act that can cost your organization time, money and aggravation - unless you get it right the first time. Economics, speed, performance, accessibility, administrative needs and security all play a vital role in dictating your approach to the cloud. Without knowing the right questions to ask, you could wind up paying for capacity you'll never need or underestimating the resources required to run your applications.
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
ReadyTalk has expanded the capabilities of the FoxDen collaboration platform announced late last year to include FoxDen Connect, an in-room video collaboration experience that launches with a single touch. With FoxDen Connect, users can now not only engage in HD video conferencing between iOS and Android mobile devices or Chrome browsers, but also set up in-person meeting rooms for video interactions. A host’s mobile device automatically recognizes the presence of a meeting room via beacon tech...
Ovum, a leading technology analyst firm, has published an in-depth report, Ovum Decision Matrix: Selecting a DevOps Release Management Solution, 2016–17. The report focuses on the automation aspects of DevOps, Release Management and compares solutions from the leading vendors.
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
UpGuard has become a member of the Center for Internet Security (CIS), and will continue to help businesses expand visibility into their cyber risk by providing hardening benchmarks to all customers. By incorporating these benchmarks, UpGuard's CSTAR solution builds on its lead in providing the most complete assessment of both internal and external cyber risk. CIS benchmarks are a widely accepted set of hardening guidelines that have been publicly available for years. Numerous solutions exist t...