earnings
confidence high
sentiment neutral
materiality 0.80
Cannae reports Q2 net earnings $176.4M ($1.94 EPS); adj EBITDA $108.1M; repurchased 2.73M shares
Cannae Holdings, Inc.
2021-Q2 EPS reported
-$0.62
revenue$337,200,000
- Q2 net earnings of $176.4M ($1.94 diluted EPS) vs $475.3M ($5.87) a year ago; adjusted EBITDA $108.1M vs $22.7M.
- Book value per share $40.71 at June 30, 2021, up 20% from $34.00 a year earlier.
- Repurchased 2.73M shares (nearly 3% of outstanding) for $96.5M at avg $35.33.
- Committed up to $690M backstop for Austerlitz I/Wynn merger (EV ~$3.2B) and up to $200M for Trebia/System1 (EV ~$1.4B).
- Monetized $175M in Ceridian shares and $186M in DNB shares; sold Village Inn/Bakers Square for $13.5M (closed July 30).