Latest news with #automotiveMastermind
Associated Press
06-05-2025
- Automotive
- Associated Press
automotiveMastermind Promotes Aaron Baldwin to CEO
NEW YORK, May 6, 2025 /PRNewswire/ -- automotiveMastermind , the trusted data and technology provider in the automotive industry, has promoted Aaron Baldwin from chief product officer to CEO. Current CEO Matt Leone is leaving automotiveMastermind to pursue the next chapter in his career journey as a successful SaaS executive. Baldwin joined automotiveMastermind in June of 2021 and has worked closely with product and technology colleagues to deliver innovative dealership marketing solutions that have leapfrogged the competition. He has overseen the product roadmap and strategy, as well as developed a high-performing team of leaders serving in product, integrations and analytics. 'It is exciting to announce the promotion of Aaron Baldwin to CEO of automotiveMastermind,' said Edouard Tavernier, president, S&P Global Mobility. 'Aaron has led the dynamic transformation of the Mastermind platform and marketing services. He has a commanding knowledge of both the automotive market and the digital marketing technology landscape, which has enabled Mastermind to consistently meet and exceed customer needs in a rapidly evolving technology environment. He has built an exceptional team that will continue to thrive as he steps into the CEO role.' Baldwin has played an integral role in the company's executive leadership team, achieving tremendous progress – including strong year-over-year revenue growth over the last four years. Baldwin's focus on innovation has led to a rapid product expansion, which served dealership sales and marketing challenges. 'I am humbled by the opportunity to lead automotiveMastermind as CEO,' said Baldwin. 'These last few years at the company have been an incredible journey, and I want to thank Matt Leone for his leadership to put both myself and our employees in an incredible position. I am proud of the innovative solutions the product team has delivered to our dealer partners with collaboration from our technology and commercial colleagues. It is an honor to continue to serve this business as CEO, and I am committed to continuing the culture of innovation and excellence.' Prior to joining automotiveMastermind, Baldwin held executive positions in both retail automotive and technology companies and was part of the founding management team of CarNow. This combined experience of 13 years in retail automotive and 12 years in SaaS companies gives him a unique view that will drive continued growth for automotiveMastermind. He holds a Bachelor of Arts from The University of North Carolina at Greensboro. Baldwin is a proud father who enjoys spending his free time with his wife and four children. About automotiveMastermind Founded in 2012, automotiveMastermind®, part of S&P Global Mobility, is the automotive industry's trusted data and technology provider, driving value through actionable intelligence and personalized experiences. The company's proprietary Mastermind solution uses the power of predictive analytics to enable retailers to connect with buyers and deliver an exceptional purchasing experience. Through a combination of behavioral predictive analytics, targeted marketing outreach and expert consulting, Mastermind empowers dealers and OEMs to deliver automotive retail sales by seamlessly blending data and intelligence with personalized insights. automotiveMastermind is headquartered in New York City. For more information, visit . About S&P Global Mobility 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. View original content to download multimedia: SOURCE automotiveMastermind
Yahoo
30-04-2025
- Business
- Yahoo
S&P Global Inc (SPGI) Q1 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic ...
Total Revenue Growth: Increased 8% year over year. Subscription Product Revenue Growth: Increased 7% year over year. Margin Expansion: Up 240 basis points on a trailing 12-month basis. Adjusted Diluted EPS Growth: Increased 9% year over year. Capital Returned to Shareholders: Over $900 million through dividends and repurchases in Q1. Organic Constant Currency Revenue Growth: 9% for the company. Sustainability and Energy Transition Revenue: Grew 20% to $93 million in the quarter. Private Markets Revenue Growth: Increased 21% year over year to $140 million. Market Intelligence Revenue Growth: Increased 5% in the first quarter. Ratings Revenue Growth: Increased 8% year over year. Commodity Insights Revenue Growth: Increased 9% year over year. Mobility Revenue Growth: Increased 9% year over year. S&P Dow Jones Indices Revenue Growth: Increased 15% year over year. Adjusted Expenses Growth: Increased 4% in the quarter. Operating Margin for Commodity Insights: Improved by 90 basis points to 48.1%. Mobility Segment Margin Improvement: Improved 40 basis points year over year to 38.5%. Indices Operating Margin: Remained unchanged at 72.9%. Guidance for Total Revenue Growth: Expected in the range of 4% to 6% for the year. Adjusted Margins Guidance: Expected in the range of 48.5% to 49.5%. Adjusted Diluted EPS Guidance: Expected in the range of $16.75 to $17.25. Warning! GuruFocus has detected 5 Warning Signs with SPGI. Release Date: April 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. S&P Global Inc (NYSE:SPGI) reported an 8% year-over-year increase in total revenue for the first quarter of 2025, with subscription products growing by 7%. The company achieved a 9% growth in adjusted diluted EPS and expanded margins by 240 basis points on a trailing 12-month basis. S&P Global Inc (NYSE:SPGI) returned over $900 million to shareholders through dividends and repurchases in the first quarter. The company announced the intent to separate its Mobility division into a standalone public company, which is expected to enhance strategic focus and shareholder value. Strong engagement with platforms was noted, with active users across Capital IQ platforms, Platts Connect, and automotiveMastermind increasing by 23% year over year. S&P Global Inc (NYSE:SPGI) expects billed issuance to be approximately flat year over year, with a decline anticipated in the second quarter. The company noted a slowing pace of decision-making in the markets, impacting the M&A environment and issuance volumes. Market volatility and geopolitical risks are creating challenges in predicting central bank actions and capital markets activity. The Ratings business faces near-term headwinds with expected declines in issuance volumes, particularly in high yields. The company anticipates lower growth in Ratings and Indices due to market-driven factors, impacting revenue guidance. Q: Why is S&P Global spinning off its Mobility division now, and what are the implications for the remaining company? A: Martina Cheung, President & CEO, explained that the decision to spin off the Mobility division into a standalone public company is based on a thorough analysis aimed at maximizing shareholder value. The separation will allow S&P Global to focus on its core businesses, while Mobility can pursue its growth strategy independently. The spin-off is expected to be tax-free and completed in 12 to 18 months. Q: Can you provide insights into the Market Intelligence division's performance and outlook for the year? A: Martina Cheung noted that Market Intelligence had a strong start to the year with stable retention rates and a robust sales pipeline. The division is expected to see revenue acceleration in the second half of the year, driven by improved customer engagement and strategic realignments in sales teams. Q: What are the key levers S&P Global is using to manage expenses amid market uncertainties? A: Eric Aboaf, CFO, highlighted that the company is closely monitoring headcount, incentive compensation, third-party spending, and investments. These levers are being adjusted as needed to maintain financial discipline and ensure profitability targets are met. Q: How is S&P Global addressing the challenges in the Ratings division, particularly with flat issuance expectations? A: Martina Cheung stated that the Ratings division expects non-transaction revenue to grow mid-single digits, while transaction revenue may face challenges due to market volatility. The company is cautious but sees potential upside if market conditions improve. Q: What is the impact of the OSTTRA sale on S&P Global's financials and capital allocation strategy? A: Eric Aboaf mentioned that the OSTTRA sale will generate approximately $1.4 billion in after-tax proceeds, which will be used for additional share repurchases. This is factored into the company's guidance, supporting its capital return strategy. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Associated Press
29-04-2025
- Automotive
- Associated Press
S&P Global Announces Intent to Separate Mobility Segment into Standalone Public Company
NEW YORK, April 29, 2025 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced its intent to separate S&P Global Mobility ('Mobility') from S&P Global to drive long-term value creation. The planned separation is expected to result in Mobility becoming a standalone public company. 'S&P Global is a leader providing essential intelligence with a proven history of strong financial performance and durable growth. Separating Mobility will allow us to continue to focus on our core businesses and pursue our growth strategy,' said Martina L. Cheung, President and CEO of S&P Global. S&P Global: Enabling Critical Decisions in Financial and Commodity Markets S&P Global will continue as a leading provider of credit ratings, benchmarks, analytics and workflow solutions and will consist of its four highly synergistic core businesses – S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights and S&P Dow Jones Indices. Following the separation, S&P Global will benefit from simplified operations, increased focus on its enterprise strategy and a unified approach to powering public and private markets. With a strong leadership team bringing relevant industry experience, S&P Global will be optimally positioned to build on positive momentum in its product innovation and AI initiatives, as well as its proven track record of driving profitable growth among leading global brands. S&P Global expects to provide more information regarding its multi-year strategy at an Investor Day, scheduled for November 13, 2025. Mobility: Delivering Insights and Solutions Throughout the Vehicle Lifecycle Mobility is an automotive data and technology leader with three divisions – Used Vehicle Sales & Service (including CARFAX), Strategy & Product Planning and New Vehicle Sales & Marketing. Evolving dynamics, including growing consumer demand for vehicle information, the rise of electrification and software-defined vehicles, direct-to-customer retail models and the supply chain disruptions related to tariffs are driving an increased need for Mobility's data and decisioning tools. With trusted, market-leading brands such as CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, unique data sets and demonstrated resilience through business cycles, Mobility is well positioned to meet customer demand in the fast-moving environment. A separation will allow Mobility more flexibility to pursue near- and long-term growth opportunities, including in used car offerings and expanding both geographically and into adjacent markets. In fiscal year 2024, the Mobility segment generated $1.6 billion in revenue, a year-over-year increase of approximately 8%. Transaction Benefits and Details Through the transaction, S&P Global and Mobility are each expected to benefit from: The planned separation follows a comprehensive review by the Company's Board of Directors and executive leadership team. The separation is expected to be effected through a spin-off of Mobility that is intended to qualify as a tax-free transaction for U.S. federal tax purposes to S&P Global shareholders. S&P Global expects to complete the separation within 12 to 18 months, 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 filed with the U.S. Securities and Exchange Commission. There can be no assurance that any separation transaction will ultimately occur or, if one does occur, of its terms or timing. First Quarter 2025 Results and Conference Call/Webcast Details The Company's senior management will discuss the separation transaction and review its first quarter year 2025 earnings results, which were separately announced today, on a conference call scheduled for today, April 29, at 8:30 a.m. ET. 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 Advisors Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Citigroup Global Markets Inc. and Evercore Group L.L.C. are serving as financial advisors and Davis Polk & Wardwell LLP and Baker McKenzie LLP are serving as legal advisors to S&P Global. 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 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: 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 Grant Senior Vice President, Investor Relations Tel: +1 (347) 640-1521 [email protected] Media: Christina Twomey Chief Communications Officer Tel: +1 (410) 382-3316 [email protected] View original content to download multimedia: SOURCE S&P Global
