Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form10-Q (Mark one) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☑ EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☐ EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-14037 ____________________ Moody’s Corporation (Exact name of registrant as specified in its charter) Delaware 13 ...

财务数据和关键指标变化 - 公司在第一季度实现了21%的收入增长,体现了强劲的发行环境和对公司领先风险评估解决方案的持续需求 [9] - MIS业务在第一季度实现了35%的收入增长,创下第二高的季度收入纪录,调整后的营业利润率达到64.6% [10][15] - MA业务实现了10%的ARR增长,所有业务线均实现增长,其中决策解决方案和数据与信息业务的ARR增长均达到两位数 [21][22] 各条业务线数据和关键指标变化 - MIS业务的强劲表现主要得益于杠杆融资市场,该市场收入同比增长144% [15] - 公司已建立专门的私募信贷团队,并开始从中获益,同时公司的过渡融资业务也有良好的发展势头 [16][17] - MA业务的KYC业务实现了18%的ARR增长,主要得益于新客户的采用以及现有客户的交叉销售 [22][23] - RMS业务的ARR增长预计将达到低双位数,主要得益于客户向SaaS平台的迁移以及公司的交叉销售策略 [24] 各个市场数据和关键指标变化 - 公司预计2024年全年高收益债券违约率将在3%至3.5%之间,这反映了全球经济的韧性 [20] - 公司看到了并购活动的回升,私募股权基金正积极寻求退出,并准备大量资金部署 [20] 公司战略和发展方向及行业竞争 - 公司正在推出一系列基于生成式人工智能的解决方案,包括导航器、技能和辅助功能,以满足客户在工作流程中对人工智能的需求 [26][27][28] - 公司相信其数据和分析能力、良好的声誉以及100多年的历史数据优势,将有助于在生成式人工智能领域取得领先地位 [34][35][36] 管理层对经营环境和未来前景的评论 - 公司对2024年全年发行量和收入增长保持谨慎,但预计将达到指导区间的上端 [19] - 公司认为全球经济的韧性以及高收益债券违约率的下降将为公司带来机会 [20] - 公司看好并购活动的回升,认为这将为公司带来上行空间 [20] 问答环节重要的提问和回答 问题1 **Faiza Alwy 提问** 询问MA业务收入指引调整是否完全由于汇率因素 [111] **Noemie Heuland 回答** MA业务收入指引调整主要由于汇率因素,同时也有一些销售时间性的影响 [113][114] 问题2 **Jeff Meuler 提问** 询问RMS业务收入加速增长的原因 [139] **Rob Fauber 回答** RMS业务收入加速增长主要得益于客户向SaaS平台的迁移以及公司在销售方面的努力 [142][143][144] 问题3 **Craig Huber 提问** 询问私募信贷业务在公司收入和评级中的占比 [174] **Rob Fauber 回答** 公司目前私募信贷业务规模较小但增长迅速,公司正在加大在这一领域的投入和服务 [175][176][177][178]

Moody's (MCO) reported first-quarter 2024 adjusted earnings of $3.37 per share, which outpaced the Zacks Consensus Estimate of $3.06. The bottom line also grew 13% from the year-ago quarter figure. Improvement in global bond issuance volumes and steady demand for analytics supported Moody’s results. The company’s liquidity position was robust during the quarter. However, an increase in operating expenses posed a headwind. After taking into consideration certain non-recurring items, net income attributable t ...

Moody's (MCO) came out with quarterly earnings of $3.37 per share, beating the Zacks Consensus Estimate of $3.06 per share. This compares to earnings of $2.99 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 10.13%. A quarter ago, it was expected that this credit ratings agency would post earnings of $2.34 per share when it actually produced earnings of $2.19, delivering a surprise of -6.41%. Over the last four quarters, the ...

MOODY'S CORPORATION REPORTS RESULTS FOR FIRST QUARTER 2024 NEW YORK, NY - May 2, 2024 - Moody's Corporation (NYSE: MCO) today announced results for the first quarter of 2024, and updated select metrics within its outlook for full year 2024. FIRST QUARTER SUMMARY FINANCIALS Moody’s Corporation Moody’s Analytics Moody’s Investors Service (MCO) Revenue (MA) Revenue (MIS) Revenue 1Q 2024 1Q 2024 1Q 2024 $1.8 billion ⇑ 21% $799 million ⇑ 8% $987 million ⇑ 35% MCO Diluted EPS MCO Adjusted Diluted EPS1 MCO FY 2024 ...

The upcoming report from Moody's (MCO) is expected to reveal quarterly earnings of $3.06 per share, indicating an increase of 2.3% compared to the year-ago period. Analysts forecast revenues of $1.73 billion, representing an increase of 17.9% year over year. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Before a company ...

Moody's (MCO) is scheduled to announce first-quarter 2024 results on May 2, before the opening bell. The company’s Corporate Finance line, the largest revenue contributor at the Moody's Investors Service (“MIS”) division, is likely to have witnessed solid revenue performance in the to-be-reported quarter. Global issuance activity was robust in the first quarter of 2024, driven by historically tighter corporate spread and solid economic conditions. However, all through the quarter, yields ticked higher as th ...

Moody's (MCO) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move ...

【纽约社区银行获穆迪上调信用评级 此前姆努钦牵头财团注资】财联社3月16日电，穆迪投资者服务公 司上调纽约社区银行的信用评级，此前这家陷入困境的银行获得了姆努钦牵头财团的注资。不过，该行 评级仍属垃圾级。穆迪将该行的长期发行人评级从B3上调至B2，仍比投资级低五级。这家信用评级公 司在其上调理由中还提到，该行年报包含无保留审计意见，这意味着审计师认为该公司的财务报表实现 公允反映。穆迪2月份曾下调该行评级至垃圾级，本月早些时候又进一步下调。 ...

财务表现 - Moody's在2023年第四季度调整后每股收益为2.19美元，低于Zacks Consensus Estimate的2.34美元[3] - Moody's的营收在季度内增长了15%，达到了14.8亿美元[7] - Moody's预计2024年MIS部门的营收将增长在高个位数到低两位数的百分比范围内[18] - Moody's预计2024年MA部门的营收将增长在低至中等两位数的百分比范围内[18] 财务展望 - Moody's预计2024年调整后的运营利润率将在44-46%之间[15] - Moody's预计2024年现金流量从运营活动中将达到23亿至25亿美元[17] - Moody's预计2024年自由现金流将在19亿至21亿美元的范围内[17] - Moody's预计2024年将回购价值近10亿美元的股票[17]