Expects Second Half 2020 Double Digit Revenue Growth With At Least Upper Single Digit Organic Growth and Margin Expansion of Over 300 Basis Points
Expects Strong, Sustained Growth and Continued Margin Expansion in 2021 and Beyond
Reaffirms Plan to Repurchase at Least $500 Million in Common Shares during 2020
IRVINE, Calif. — (BUSINESS WIRE) — September 22, 2020 — CoreLogic (NYSE: CLGX), a leading global provider of property information, insight, analytics and data-enabled solutions, today announced a substantial increase in financial guidance for the third quarter and full year 2020 and for the full year 2021.
“The successful execution of our strategic plan has significantly boosted the Company’s revenue growth and profit margins, bringing them into alignment with the most highly valued information services companies in our peer group,” said Frank Martell, President and Chief Executive Officer. “CoreLogic continues to drive high performance across our range of solutions, and the pathway to deliver our financial commitments going forward is clear and evident. Our consistent operating and financial performance is powering higher capital returns. We believe this strong performance demonstrates that we are at an inflection point and poised for further expansion of our trading multiple, which we expect will create significant additional value for our shareholders.”
Third Quarter and Full-Year 2020 Guidance...