secwatch.observer — SEC 8-K summary
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Issuer:     Cannae Holdings, Inc. (CNNE)
CIK:        0001704720
Form:       8-K
Filed at:   2021-08-05T23:59:59+00:00
Accession:  0001704720-21-000055
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cannae reports Q2 net earnings $176.4M ($1.94 EPS); adj EBITDA $108.1M; repurchased 2.73M shares
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704720/000170472021000055/0001704720-21-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704720/000170472021000055/cnne-20210805.htm
  HTML page:      https://secwatch.observer/filing/0001704720-21-000055

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer