IHS MarkitLtd. updated fiscal 2016 guidance in connection with the closing ofthe merger betweenIHS and Markit Ltd.
The guidance for fiscal year ending Nov. 30 includes 12months of results of IHS and approximately 4.5 months of results of Markit fromthe closing date of the merger.
IHS Markit expects revenue of $2.74 billion to $2.77billion, including Markit contribution of $445 million to $455 million.Adjusted EBITDA is expected to be $975 million to $995 million, includingMarkit contribution of $190 million to $200 million. Adjusted EPS is projectedto be $1.72 to $1.78.
The S&P Capital IQ consensus normalized EPS estimate forfiscal 2016 is $1.45.
The outlook does not give effect to any merger-relatedsynergies. IHS Markit aims to implement the first round of synergies in themiddle of the fourth quarter of fiscal 2016.
The outlook also assumes no further currency movements,acquisitions, divestitures, pension mark-to-market adjustments or unanticipatedevents.