morningstar inc (MORN) Key Developments
Morningstar Inc. Presents at Morningstar Investment Conference 2015, May-21-2015
May 18 15
Morningstar Inc. Presents at Morningstar Investment Conference 2015, May-21-2015. Venue: The Western Sydney, 1 Martin Place, Sydney NSW 2000, Australia. Presentation Date & Speakers: May-21-2015, Anthony Serhan, Chief Executive Officer of Morningstar Research Pty Ltd., Grant Kennaway, Head of Asia-Pacific Fund Research, Joel Bloomer, Head of Equity & Credit Research, Asia-Pacific.
Morningstar, Inc. Declares Regular Quarterly Dividend, Payable on July 31, 2015
May 12 15
The board of directors of Morningstar Inc. declared a quarterly dividend of 19 cents per share. The dividend is payable July 31, 2015, to shareholders of record as of July 10, 2015.
Morningstar Inc. Presents at 9th Annual Nomura Global Quantitative Investment Strategies Conference, May-12-2015 02:00 PM
May 9 15
Morningstar Inc. Presents at 9th Annual Nomura Global Quantitative Investment Strategies Conference, May-12-2015 02:00 PM. Venue: Nomura, Worldwide Plaza 28th Floor, 309 West 49th Street (entrance on 49th), New York, NY 10019, United States. Speakers: Russel Kinnel, Director of Fund Research.
Morningstar, Inc. Names Tim Greening as Chief Corporate Credit Officer
May 6 15
Morningstar Inc. announced that Tim Greening has joined the company as chief corporate credit officer. Greening is responsible for overseeing the internal control structure, rating methodologies and criteria, and the review of quantitative models for Morningstar's corporate credit research team. He is based in Chicago and reports to Vickie Tillman, president of Morningstar Credit Ratings, LLC. Greening has more than 35 years of experience in credit analysis, finance, portfolio management, economics, teaching, and consulting. He was most recently group credit officer of North American corporates for Fitch Ratings.
Morningstar Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
Apr 22 15
Morningstar Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company reported net income of $29.7 million, or 67 cents per diluted share, compared with $26.4 million, or 58 cents per diluted share, in the first quarter of 2014. Revenue for the quarter was $189.8 million, an increase of 4.8% compared with the same period in 2014, as the U.S. dollar strengthened significantly against most foreign currencies. Free cash flow was $20.6 million, reflecting cash provided by operating activities of $35.0 million and capital expenditures of $14.4 million, an increase of $29.5 million in free cash flow compared with the same period in 2014. First-quarter cash provided by operating activities tends to be lower than subsequent quarters because of the timing of annual bonus payments, which totaled $47.8 million in the first quarter of 2015. Operating income was $44.5 million against $38.5 million a year ago. Income before income taxes and equity in net income of unconsolidated entities was $44.1 million against $39.4 million a year ago. Net income attributable to the company was $29.7 million or $0.67 per diluted share against $26.4 million or $0.58 per diluted share a year ago.