Cannae Q4 net loss $109.3M; sells Optimal Blue for $578M, buys back 2.1M shares

Cannae Holdings, Inc.

2021-FY EPS reported -$3.19 revenue$452,500,000

Q4 net loss of $109.3M ($1.24 diluted loss per share) vs. net income of $531.3M ($5.80 diluted EPS) a year ago.
Sold Optimal Blue interest to Black Knight for $578M (2.0x return) on Feb 15, 2022; received $144.5M cash, $433.5M DNB stock.
Repurchased 2.1M shares in Q4, 4.8M in 2021, 400K Jan 2022; 9.1M shares remain authorized.
Monetized $160M+ long-term assets in Q4, $200M in Jan 2022 including 3M Ceridian shares for $299M.
Book value per share $38.38 at Dec 31, 2021 vs $41.22 year ago; corporate cash $48.1M plus $500M undrawn credit.

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