Latest news with #BillEager
Yahoo
31-07-2025
- Business
- Yahoo
S&P Global forecasts annual profit above estimates on strong demand
(Reuters) -Financial information company S&P Global raised its annual profit forecast on Thursday and beat Wall Street estimates for second-quarter earnings on strong demand for its data and analytics products. WHY IT'S IMPORTANT More investors are using market analytics tools to make the best of a volatile market, which is pressured by tariff and rate cut uncertainties. BY THE NUMBERS S&P Global now expects its 2025 adjusted earnings per share to be between $17.00 and $17.25, compared with its prior estimate of $16.75 to $17.25. The company reported an adjusted profit of $1.36 billion, or $4.43 per share, in the second quarter ended June. 30, up from $1.28 billion, or $4.04 per share, a year earlier. Analysts had estimated an adjusted profit of $4.22 per share, according to data compiled by LSEG. The market intelligence unit, S&P Global's biggest segment in terms of revenue which provides data and analytics, posted a 5% rise in revenue to $1.22 billion from a year earlier. S&P Global's total revenue increased 6% to $3.76 billion. CONTEXT The New York-based company provides credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. S&P also announced Bill Eager as CEO designate for S&P Global Mobility. Until Wednesday's close, shares of the company were up about 7% YTD, compared with a marginal 0.42% gain in Moody's. Peer Moody's also reported a rise in second-quarter profit last week on strong product demand. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
31-07-2025
- Business
- Reuters
S&P Global forecasts annual profit above estimates on strong demand
July 31 (Reuters) - Financial information company S&P Global (SPGI.N), opens new tab raised its annual profit forecast on Thursday and beat Wall Street estimates for second-quarter earnings on strong demand for its data and analytics products. More investors are using market analytics tools to make the best of a volatile market, which is pressured by tariff and rate cut uncertainties. S&P Global now expects its 2025 adjusted earnings per share to be between $17.00 and $17.25, compared with its prior estimate of $16.75 to $17.25. The company reported an adjusted profit of $1.36 billion, or $4.43 per share, in the second quarter ended June. 30, up from $1.28 billion, or $4.04 per share, a year earlier. Analysts had estimated an adjusted profit of $4.22 per share, according to data compiled by LSEG. The market intelligence unit, S&P Global's biggest segment in terms of revenue which provides data and analytics, posted a 5% rise in revenue to $1.22 billion from a year earlier. S&P Global's total revenue increased 6% to $3.76 billion. The New York-based company provides credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. S&P also announced Bill Eager as CEO designate for S&P Global Mobility. Until Wednesday's close, shares of the company were up about 7% YTD, compared with a marginal 0.42% gain in Moody's (MCO.N), opens new tab. Peer Moody's also reported a rise in second-quarter profit last week on strong product demand.
Yahoo
31-07-2025
- Automotive
- Yahoo
Bill Eager Appointed President of S&P Global Mobility and CEO Designate of Planned Standalone Public Company
Edouard Tavernier to Transition to Strategic Advisor Role Through September 30, 2025 Company Separately Reports Second Quarter 2025 Results; Conference Call Today at 8:30 a.m. EDT NEW YORK, July 31, 2025 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced the appointment of Bill Eager, Chief Executive Officer of CARFAX, as President of S&P Global Mobility ("Mobility"), effective August 15, 2025, and CEO designate upon completion of the previously announced planned separation of Mobility into a standalone public company. Mr. Eager succeeds Edouard Tavernier, who will remain with the Company as a strategic advisor through September 30, 2025, to support a smooth transition. Mr. Eager has held various leadership roles at CARFAX, part of S&P Global Mobility, for more than 20 years. He has most recently served as CEO since 2021, during which CARFAX generated double-digit annual revenue growth, expanded its audience to more than 50 million consumers and drove the adoption of AI and ML technology to increase productivity and drive data and product improvements. Previously, Mr. Eager served as Vice President of CARFAX's Dealer Business – its largest division – for 17 years and led the launch and commercialization of some of its most successful products, including the CARFAX Advantage subscription model for dealers, CARFAX Car Listings and CARFAX for Life. Prior to joining CARFAX, Mr. Eager was part of the leadership team at The Cobalt Group, an automotive digital retailing company. Martina L. Cheung, President and CEO of S&P Global, said, "With more than two decades at CARFAX and deep industry expertise, Bill's knowledge and passion for this business have prepared him to lead Mobility into its next chapter. I look forward to working closely with Bill through this transition and planned separation as we position both S&P Global and Mobility for long-term growth and value creation." Mr. Eager said, "I am humbled and excited by the opportunity to lead the talented teams across Mobility. We have a terrific runway ahead for growth and innovation, and I am confident in our continued success as we build on Mobility's portfolio of trusted brands and products, including CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, to serve customers' evolving needs throughout the vehicle lifecycle." Ms. Cheung continued, "I also want to thank Edouard for his leadership of the business over the past 12 years. He and his team have built a strong foundation for Mobility to achieve continued success. We wish him all the best in his future endeavors." Mr. Tavernier added, "It has been the privilege of a lifetime to lead the Mobility business and work among such talented colleagues. Our team has played an important role in bringing transparency to the industry and helping our customers navigate complex challenges. I am proud of all we have achieved, and I know firsthand that Bill's strategic vision and his commitment to operational excellence will position Mobility exceptionally well for its expected future as a standalone company." S&P Global continues to expect to complete the separation of Mobility within 12 to 18 months from the date of the separation announcement, subject to the satisfaction of customary legal and regulatory requirements and approvals, including final approval of the Company's Board of Directors and effectiveness of a Form 10 registration statement to be filed with the U.S. Securities and Exchange Commission. About Bill Eager Bill Eager has more than 25 years of experience in the automotive information industry with a track record of scaling businesses and developing innovative products that have changed how consumers shop, buy, service and sell their vehicles. Prior to his appointment as President of S&P Global Mobility, he was Chief Executive Officer of CARFAX for four years. Under his leadership, CARFAX generated double-digit annual revenue growth, expanded its audience to more than 50 million consumers and drove the adoption of AI and ML technology to increase productivity and drive data and product improvements. The company's award-winning culture has been recognized by USA Today and The Washington Post on their "Top Workplaces" lists in 2022-2024 and 2024, respectively. Previously, Mr. Eager served as Vice President of CARFAX's Dealer Business – its largest division – for 17 years. During that time, he led the launch and commercialization of some of its most successful products, including the CARFAX Advantage subscription model for dealers, CARFAX Car Listings and CARFAX for Life. Before joining CARFAX, Mr. Eager held roles of increasing responsibility at The Cobalt Group, an automotive digital retailing company, rising to become its Director of Sales. Bill holds a B.A. in economics from Villanova University and an MBA from George Mason University. Second Quarter 2025 Results and Conference Call/Webcast Details The Company's senior management will review its 2025 second quarter earnings results, which were separately announced today, on a conference call scheduled for today, July 31, at 8:30 a.m. EDT. Additional information presented on the conference call, as well as the Company's earnings release and Supplemental slide content, may be found on the Company's Investor Relations Website at The Webcast will be available live and in replay at About S&P Global S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through sustainability and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world. We are widely sought after by many of the world's leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world's leading organizations plan for tomorrow, today. For more information, visit Forward-Looking Statements This press release contains "forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management's current views concerning future events, trends, contingencies or results, appear at various places in this press release and use words like "anticipate," "assume," "believe," "continue," "estimate," "expect," "forecast," "future," "intend," "plan," "potential," "predict," "project," "strategy," "target" and similar terms, and future or conditional tense verbs like "could," "may," "might," "should," "will" and "would." For example, management may use forward-looking statements when addressing topics such as: the outcome of contingencies; future actions by regulators; changes in the Company's business strategies and methods of generating revenue; the development and performance of the Company's services and products; the expected impact of acquisitions and dispositions; the Company's effective tax rates; the Company's cost structure, dividend policy, cash flows or liquidity; and the anticipated separation of S&P Global Mobility ("Mobility") into a standalone public company. Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include, among other things: worldwide economic, financial, political, and regulatory conditions (including slower GDP growth or recession, restrictions on trade (e.g., tariffs), instability in the banking sector and inflation), and factors that contribute to uncertainty and volatility (e.g., supply chain risk), natural and man-made disasters, civil unrest, public health crises (e.g., pandemics), geopolitical uncertainty (including military conflict), and conditions that result from legislative, regulatory, trade and policy changes, including from the U.S. administration; the volatility and health of debt, equity, commodities, energy and automotive markets, including credit quality and spreads, the composition and mix of credit maturity profiles, the level of liquidity and future debt issuances, equity flows from active to passive, fluctuations in average asset prices in global equities, demand for investment products that track indices and assessments and trading volumes of certain exchange-traded derivatives; the demand and market for credit ratings in and across the sectors and geographies where the Company operates; the Company's ability to maintain adequate physical, technical and administrative safeguards to protect the security of confidential information and data, and the potential for a system or network disruption that results in regulatory penalties and remedial costs or improper disclosure of confidential information or data; the outcome of litigation, government and regulatory proceedings, investigations and inquiries; concerns in the marketplace affecting the Company's credibility or otherwise affecting market perceptions of the integrity or utility of independent credit ratings, benchmarks, indices and other services; the level of merger and acquisition activity in the United States and abroad; the level of the Company's future cash flows and capital investments; the effect of competitive products (including those incorporating generative artificial intelligence ("AI")) and pricing, including the level of success of new product developments and global expansion; the impact of customer cost-cutting pressures; a decline in the demand for our products and services by our customers and other market participants; our ability to develop new products or technologies, to integrate our products with new technologies (e.g., AI), or to compete with new products or technologies offered by new or existing competitors; our ability to attract, incentivize and retain key employees, especially in a competitive business environment; our ability to successfully navigate key organizational changes, including among our executive leadership; the Company's exposure to potential criminal sanctions or civil penalties for noncompliance with foreign and U.S. laws and regulations that are applicable in the jurisdictions in which it operates, including sanctions laws relating to countries such as Iran, Russia and Venezuela, anti-corruption laws such as the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act of 2010, and local laws prohibiting corrupt payments to government officials, as well as import and export restrictions; the continuously evolving regulatory environment in Europe, the United States and elsewhere around the globe affecting each of our businesses and the products they offer, and our compliance therewith; the Company's ability to make acquisitions and dispositions and successfully integrate the businesses we acquire; consolidation of the Company's customers, suppliers or competitors; the introduction of competing products or technologies by other companies; the ability of the Company, and its third-party service providers, to maintain adequate physical and technological infrastructure; the Company's ability to successfully recover from a disaster or other business continuity problem, such as an earthquake, hurricane, flood, civil unrest, protests, military conflict, terrorist attack, outbreak of pandemic or contagious diseases, security breach, cyber attack, data breach, power loss, telecommunications failure or other natural or man-made event; the impact on the Company's revenue and net income caused by fluctuations in foreign currency exchange rates; the impact of changes in applicable tax or accounting requirements on the Company; the separation of Mobility not being consummated within the anticipated time period or at all; the ability of the separation of Mobility to qualify for tax-free treatment for U.S. federal income tax purposes; any disruption to the Company's business in connection with the proposed separation of Mobility; any loss of synergies from separating the businesses of Mobility and the Company that adversely impact the results of operations of both businesses, or the companies resulting from the separation of Mobility not realizing all of the expected benefits of the separation; and following the separation of Mobility, the combined value of the common stock of the two publicly-traded companies not being equal to or greater than the value of the Company's common stock had the separation not occurred. The factors noted above are not exhaustive. The Company and its subsidiaries operate in a dynamic business environment in which new risks emerge frequently. Accordingly, the Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the dates on which they are made. The Company undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made, except as required by applicable law. Further information about the Company's businesses, including information about factors that could materially affect its results of operations and financial condition, is contained in the Company's filings with the SEC, including Item 1A, Risk Factors in our most recently filed Annual Report on Form 10-K, as supplemented by Item 1A, Risk Factors, in our most recently filed Quarterly Report on Form 10-Q. Contacts Investor Relations:Mark GrantSenior Vice President, Investor RelationsTel: +1 (347) Media:Christina TwomeyChief Communications OfficerTel: +1 (410) View original content to download multimedia: SOURCE S&P Global Sign in to access your portfolio
Associated Press
12-03-2025
- Automotive
- Associated Press
CARFAX Named Best Places to Work in Virginia for the 12th Time
Recognized by Virginia Business Magazine for Exceptional Culture and Work-Life Balance CENTREVILLE, Va., March 12, 2025 /PRNewswire/ -- CARFAX earns the honor of being named one of the Best Places to Work by Virginia Business Magazine, marking its 12th win since the award's inception in 2011. This prestigious recognition is based on anonymous employee surveys that assess workplace experiences, policies, practices, and demographics. Virginia Business conducts the survey in partnership with the Best Companies Group. 'This award reflects our unwavering commitment to invest in Team CARFAX by fostering a culture built on transparency, trust, and leadership,' said Bill Eager, CEO of CARFAX. 'We will continue to prioritize our teams' growth at all levels.' 'I've worked in various industries, but Carfax stands out,' said Eva Whitfield, Senior Product Marketing Manager. 'An inclusive culture binds us like family. Team building drives our collaboration and defines us. At Carfax, work isn't just a job — it's a passion.' This latest distinction highlights CARFAX's dedication to maintaining a thriving workplace culture, which is guided by the Team CARFAX Playbook— a set of core principles that emphasizes collaboration while empowering each employee's unique strengths. CARFAX remains committed to attracting and nurturing top talent from around the world, while promoting a healthy work-life balance. 'As a proud mom of a 7-year-old, being present for her is incredibly important,' said Dee Walls, Director of Project Services. 'CARFAX allows me to excel in my career while always being there for my daughter. I don't have to choose. That, to me, is priceless.' For decades, CARFAX has been a trusted leader in northern Virginia, growing from just a few dozen employees to a strong workforce of more than 1,400 in 2025. Renowned for its vehicle history database, CARFAX empowers millions of people to shop, buy, service, and sell cars with confidence, revolutionizing the automotive information industry. This year, CARFAX will also be moving to new, state-of-the-art offices in the thriving Reston Station at 1906 Reston Metro Plaza. Occupying just under 90,000 square feet, CARFAX's new headquarters further establishes Reston Station as a premier destination for leading businesses and industry trailblazers. This move marks a pivotal moment for CARFAX, providing a dynamic space to fuel the next phase of its growth. It underscores a commitment to provide a collaborative environment where Team CARFAX can continue to innovate and develop products that meet the needs of millions of consumers. Beyond business success, Team CARFAX is deeply involved in supporting several causes, including the Boulder Crest Foundation which offers transformative posttraumatic growth programs, free of charge to members of the military, veterans, first responder communities, and their families. Explore your career at CARFAX by visiting [email protected]. About CARFAX CARFAX, part of S&P Global Mobility, helps millions of people every day confidently shop, buy, service and sell used cars with innovative solutions powered by CARFAX® vehicle history information. The expert in vehicle history since 1984, CARFAX provides CARFAX Car Listings, CARFAX Car Care, CARFAX History-Based Value and the flagship CARFAX Vehicle History Report to consumers and the automotive industry. CARFAX owns the world's largest vehicle history database and is nationally recognized as a top workplace by The Washington Post. Shop, Buy, Service, Sell – Show me the CARFAX®. S&P Global Mobility is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets.
