Gartner said total revenues for Q3 2024 were $1.5 billion, up 5% from Q3 2023, and net income was $415.0 million (Q3 2023 $180.0 million), with diluted income per share of $5.32 (Q3 2023 $2.26).

10-QQuarterly reportFiled Nov 5, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

Gartner said total revenues for Q3 2024 were $1.5 billion, up 5% from Q3 2023, and net income was $415.0 million (Q3 2023 $180.0 million), with diluted income per share of $5.32 (Q3 2023 $2.26).
The company said it entered into a settlement agreement on July 25, 2024 to resolve remaining 2020 and 2021 event cancellation insurance litigation claims for $300.0 million. It cited the insurance claim gain as the first factor behind its net income increase in Q3.
Gartner said Research revenues rose 5% and Conferences revenues rose 32% in Q3, while Consulting revenues fell 4%. Research contract value was $5.0 billion as of September 30, 2024, up 7% excluding the foreign currency impact compared with a year earlier.
Gartner said operating cash flow for the 9 months ended September 30, 2024 was $1.1 billion ($931.4 million in the same period last year), and it cited $300.0 million in insurance proceeds as a factor behind the increase. As of September 30, 2024, it had $1.8 billion in cash and cash equivalents and approximately $707.0 million of available revolving credit facility borrowing capacity.

Key figures

Quarter ended September 30, 2024

Revenue: $1.5B
Operating income: $246M
Net income: $415M
EPS: $5.32

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q3 Revenue and Net Income

Gartner said total revenues for Q3 2024 were $1.5 billion, up 5% from Q3 2023, and net income was $415.0 million (Q3 2023 $180.0 million), with diluted income per share of $5.32 (Q3 2023 $2.26).

Source · Based on the MD&A text of the filing

Event Cancellation Insurance Settlement of $300.0 million

The company said it entered into a settlement agreement on July 25, 2024 to resolve remaining 2020 and 2021 event cancellation insurance litigation claims for $300.0 million. It cited the insurance claim gain as the first factor behind its net income increase in Q3.

Source · Based on the MD&A text of the filing

Segment Revenue Changes

Gartner said Research revenues rose 5% and Conferences revenues rose 32% in Q3, while Consulting revenues fell 4%. Research contract value was $5.0 billion as of September 30, 2024, up 7% excluding the foreign currency impact compared with a year earlier.

Source · Based on the MD&A text of the filing

Cash Flow and Liquidity

Gartner said operating cash flow for the 9 months ended September 30, 2024 was $1.1 billion ($931.4 million in the same period last year), and it cited $300.0 million in insurance proceeds as a factor behind the increase. As of September 30, 2024, it had $1.8 billion in cash and cash equivalents and approximately $707.0 million of available revolving credit facility borrowing capacity.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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