202108 Nov

Black Knight Posts 3Q 2021 Financial Results

Summary

Black Knight Inc., a provider of software, data and analytics solutions to the mortgage and financial sectors, reported third-quarter net earnings of $53.4 million, or 34 cents per share. Adjusted for one-time gains, earnings were equal to 60 cents per share, topping Wall Street expectations of 57 cents per share. Black Knight reported revenue of $378 million, up 21% from $312.6 million in the third quarter of 2020. Operating income rose to $82.7 million, an increase of 39%, while operating expenses also increased, rising to $203 million from $167.2 million a year earlier. • Revenues of $319.6 million, an increase of 23%; organic revenue growth of 10% • Operating income of $150 million, an increase of 24%; operating margin of 46.9% compared to 46.6% • Operating income of $17 million, an increase of 16%; operating margin of 29.1% compared to 27.7% Black Knight Chairman and CEO Anthony Jabbour said the results were "driven by the success of both our sales efforts and our ability to deliver innovative solutions.” “We continue to see consistent strength and positive momentum in our business,” he continued, “and are pleased to increase our full-year outlook for the third consecutive quarter, now reflecting revenue in the range of $1.466 billion to $1.472 billion.” Jabbour said the company’s strong performance reflects "the consistent execution of our strategy to drive organic growth through the addition of new clients, the expansion of relationships with existing clients, and the delivery of new innovative solutions.”

Source: Nationalmortgageprofessional

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