IHS Acquires CMAI; Updates Guidance

IHS Inc. IHS today announced the acquisition of Chemical Market Associates, Inc. As a result of the company's 2011 acquisition activity, IHS is updating its full-year 2011 revenue and adjusted EBITDA guidance. For the year ending November 30, 2011, IHS expects: All-in revenue between $1.275 and $1.305 billion; and All-in adjusted EBITDA between $388 and $398 million. Additionally, for the year ending November 30, 2011, IHS expects: Depreciation and amortization of approximately $86 million; Net interest expense of roughly $8 million; Adjusted EPS between $3.33 and $3.43; Stock-based compensation expense of approximately $84 million; Net pension expense of roughly $11 million; Adjusted tax rate of 26 to 27 percent; and Weighted average diluted share count of approximately 66 million