Black Knight, Inc. (NYSE:BKI) Q1 2019 Earnings Conference Call - Final Transcript

May 01, 2019 • 08:30 am ET


Black Knight, Inc. (NYSE:BKI) Q1 2019 Earnings Conference Call - Final Transcript


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Greetings, welcome to Black Knight's First Quarter 2019 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions) Please note this conference is being recorded. I would now turn the conference over to Ed Ewing, Investor Relations.

Thank you. You may begin.

Ed Ewing

Thanks. Good morning, everyone and thank you for joining us for the Black Knight's first quarter 2019 earnings conference call. Joining me today are Chief Executive Officer, Anthony Jabbour; and Chief Financial Officer, Kirk Larsen. Our results were released this morning and the press release and supplemental slide presentation have been posted to our website.

This conference call will include statements related to the expected future results of our Company and are therefore forward-looking statements. Our actual results may differ materially from our projections due to a number of risks and uncertainties. The risks and uncertainties are -- forward-looking statements are subject to are described in our earnings releases, Form 10-K and other SEC filings. Today's remarks will also include references to non-GAAP financial measures. Additional information, including reconciliations between non-GAAP financial information to the GAAP financial information is provided in the press release and supplemental slide presentation.

This conference call will be available for replay via webcast through Black Knight's Investor Relations website at

I'll now turn the call over to Anthony.

Anthony Jabbour

Thank you, Ed, and good morning. Thank you for joining us on our first quarter 2019 earnings call. We're off to a solid start for the year. Our first quarter results reflect the consistent execution of our strategy to drive organic growth through expanding relationships with existing clients, adding new clients and delivering innovative solutions. We just returned from our Annual Client Conference where we had the opportunity to meet with 1,200 attendees to discuss their operations, business challenges and what we're doing to support through continued growth.

We heard from our clients that they are in a difficult environment, and we are able to share our progress on developing products that will help them address will continue to be their greatest challenges. Growing revenue, increasing efficiency and maintaining regulatory compliance. We provided demos and updates on our latest innovative solutions like the Actionable Intelligence Platform which now has more than 100 actionable analytics that help our clients address the challenges I just mentioned.

We gave updates on AIVA, our Artificial Intelligence Virtual Assistant tool that automates repetitive tasks to help our clients improve turn times, reduce expense and invest more in growing their businesses. We also provided updates on servicing digital, which allows our clients' customers to use their mobile device to quickly make loan payments, review payment and refinance options and get notifications and other information about their home and neighborhood. Servicing digital is now live at three clients including Citizens Financial Group, which began using it last month.

We also introduced several new digital solutions at the conference, one new solution that we introduced was our point of sale offering