Black Knight Inc. (BKI) Tops Q4 EPS by 6c

Black Knight Inc. (NYSE: BKI) reported Q4 EPS of $0.54, $0.06 better than the analyst estimate of $0.48. Revenue for the quarter came in at $300.1 million versus the consensus estimate of $301.56 million.

Black Knight Chairman Bill Foley said, "2019 was another solid year for Black Knight as we continued to execute against our long-term strategic initiatives to drive growth through selling to existing clients, winning new clients in existing markets and launching new products. Our performance highlights the fundamental strength of our core business and we look forward to continuing to deliver value to clients and shareholders in 2020."

Black Knight Chief Executive Officer Anthony Jabbour added, "We are pleased with our fourth quarter financial performance, which was in line with our expectations. Adjusted Revenues increased by 5% and Adjusted EBITDA increased by 6%, which drove margin expansion of 50 basis points to 49.5%. For the year, Adjusted Revenues increased by 5.5% and Adjusted EBITDA increased by 7.5%, which drove margin expansion of 90 basis points to 49.5%. We are excited about Black Knight\'s strong business momentum across the enterprise and leadership in the industry. We remain focused on delivering innovative solutions to our industry in 2020 and beyond."

For earnings history and earnings-related data on Black Knight Inc. (BKI) click here.

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