Morningstar (MORN) Reports Q4 EPS of $0.99, Revenues Beat
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Morningstar, Inc. Reports Fourth-Quarter, Full-Year 2018 Financial Results
February 21, 2019 4:16 PM ESTCHICAGO, Feb. 21, 2019 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced fourth-quarter and full-year 2018 financial results. The Company surpassed $1 billion in revenue in 2018 and recorded strong organic revenue growth and free cash flow.
Fourth-Quarter Financial Highlights
Revenue increased 8.1% to $262.7 million; organic revenue growth was 8.7%. Operating income rose 15.7% to $49.3 million. Diluted net income per share rose 8.8% to $0.99, versus $0.91 in the fourth quarter of 2017.Full-Year 2018 Financial Highlights
Revenue increased 11.9% to $1.02 billion; organic revenue growth was 11.4%.... More