Cannae repurchases 2.7M shares, records $134M impairments on System1 and Sightline

Cannae Holdings, Inc.

Repurchased 2.7M shares at avg $19.06, returning $52M; board approved additional 10M share authorization.
Recorded $63.9M impairment on System1 (SST) and $70M impairment on Sightline Payments in Q3 2023.
D&B Q3 revenue $589M (above consensus $579M); adj. EBITDA $235M; organic constant-currency growth 4.8%.
Ceridian: sold 1M CDAY shares for $67M; raised FY guidance; Q3 revenue $377.5M (+19.6%).
Alight Q3 revenue $813M (+8.4%); adj. EBITDA $158M; $2.7B of 2024 revenue under contract.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.4

Cannae Holdings, Inc. reported financial results for third quarter of 2023.

Period: third quarter of 2023
Result: reported results

Exact text from the filing

On November 7, 2023, Cannae Holdings, Inc. (the "Company") issued a press release announcing its financial results for the third quarter of 2023.

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Cannae Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001704720-23-000094

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