NYSE$CNNE
Cannae Holdings Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Cannae Holdings reported operating results for the three-month period March 31, 2020.
Cannae Holdings reported a successful first quarter, executing its plan of monetizing legacy investments, making new investments, nurturing its core portfolio companies, and adding to the Company’s liquidity for future investment. Holding company cash totaled $398.7 million. Total book value of portfolio company investments was $2.2 billion, or $27.57 per share.
- Dun & Bradstreet repriced its $2.53 billion term loan B facility reducing its interest rate by 100 basis points.
- Cannae sold 3.9 million common shares of Ceridian HCM Holdings Inc. and received gross proceeds of $283.7 million and recorded a gain of $223.1 million.
- Cannae completed the previously announced investment in AmeriLife Group, LLC with THL Partners, funding $125.0 million in equity for a 20% interest.
- Holding company cash totaled $398.7 million, providing ample capacity for future transactions.
Headline financials
Revenue & EPS history
Cannae Holdings · Revenue · Quarterly
$1.09B
Revenue by segment
Cannae Holdings · $170M total across 1 segment · Q1 2020
- Restaurant Group$170M-34.1%100.0%
Forward guidance
Cannae believes that opportunities to invest in good companies at attractive values will present themselves.
Tailwinds
- Strong balance sheet
- Approximately $400 million in cash
- No debt
- Ability to continue to nurture our portfolio companies
- Ample capital to deploy on investments
Headwinds
- Changes in general economic, business and political conditions
- Changes in the financial markets
- Changes in the conditions resulting from the outbreak of a pandemic such as the novel COVID-19
- The overall impact of the outbreak of COVID-19 and measures to curb its spread, including the effect of governmental or voluntary mitigation measures such as business shutdowns, social distancing, and stay-at-home orders
- Risks and uncertainties related to the success of our externalization
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2020
-0.4%
Avg return
Earnings day
-0.8%
Avg return
5 days after
-0.9%
Avg return
30 days after
42%
16 / 38 earnings
Positive
+19.6%
Q3 2019
Best reaction
-14.5%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.5% | -7.4% | — | |
| Q4 2025 | -10.2% | -3.7% | -13.0% | |
| Q3 2025 | -9.6% | -10.0% | -0.8% | |
| Q1 2025 | -6.0% | -2.1% | +5.1% | |
| Q4 2024 | -0.5% | +4.4% | -1.8% | |
| Q3 2024 | -1.1% | -4.6% | -3.1% | |
| Q2 2024 | -1.3% | -2.1% | -1.5% | |
| Q1 2024 | +4.1% | +6.0% | -12.2% | |
| Q4 2023 | +9.0% | +8.5% | +9.3% | |
| Q3 2023 | -1.3% | +1.3% | +6.1% | |
| Q2 2023 | -4.6% | -1.4% | -1.7% | |
| Q1 2023 | -2.4% | -1.4% | +9.8% | |
| Q4 2022 | +2.7% | -0.2% | -14.5% | |
| Q3 2022 | +9.2% | +10.8% | -4.6% | |
| Q2 2022 | -1.6% | +1.3% | -3.2% | |
| Q1 2022 | -14.5% | -10.7% | -3.9% | |
| Q4 2021 | -8.2% | -10.9% | -14.8% | |
| Q3 2021 | -2.6% | -6.6% | -4.7% | |
| Q2 2021 | +4.1% | +1.4% | +0.3% | |
| Q1 2021 | -5.3% | -4.8% | -8.7% | |
| Q4 2020 | +0.1% | -4.2% | -0.3% | |
| Q3 2020 | +5.6% | -0.2% | +5.1% | |
| Q2 2020 | +0.9% | +0.7% | -5.6% | |
| Q1 2020 | +7.9% | +3.9% | +19.4% | |
| Q4 2019 | -4.6% | -10.3% | -28.8% | |
| Q3 2019 | +19.6% | +21.0% | +25.9% | |
| Q2 2019 | +0.2% | -1.0% | -5.4% | |
| Q1 2019 | -2.7% | -2.6% | +1.9% | |
| Q4 2018 | +3.2% | +2.8% | +10.4% | |
| Q3 2018 | -1.0% | -4.1% | -8.2% | |
| Q2 2018 | -1.9% | +2.8% | +5.3% | |
| Q1 2017 | -1.9% | -5.1% | -2.9% | |
| Q1 2018 | -1.6% | -4.2% | -2.9% | |
| Q4 2015 | +1.0% | +1.7% | +9.6% | |
| Q2 2017 | +1.0% | +1.7% | +9.6% | |
| Q4 2017 | -0.1% | +3.3% | +2.6% | |
| Q4 2016 | +1.0% | -2.4% | -5.0% | |
| Q3 2017 | +1.0% | -2.4% | -5.0% | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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