Black Knight, Inc. (NYSE:BKI) Q2 2019 Earnings Conference Call - Final Transcript

Aug 06, 2019 • 08:30 am ET


Black Knight, Inc. (NYSE:BKI) Q2 2019 Earnings Conference Call - Final Transcript


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Greetings, and welcome to the Black Knight Second Quarter 2019 Earnings Call. At this time, all participants are in listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Steve Eagerton, VP of Investor Relations. You may begin.

Steve Eagerton

Thanks. Good morning, everyone, and thank you for joining us for the Black Knight Second 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 are therefore forward-looking statement. Our actual results may differ materially from our projections due to a number of risks and uncertainties. The risks and uncertainties that forward-looking statements are subject to, are described in our earnings release, Form 10-K and other SEC filings.

Today's remarks will also include references to non-GAAP financial measures. Additional information including reconciliation 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 over the call to Anthony.

Anthony Jabbour

Thank you, Steve, and welcome to the Investor Relations team. Good morning everyone and thank you for joining us for our second quarter earnings call. Overall, the second quarter was another solid quarter. The core fundamentals of our business remained strong and we continue to execute on our strategy to drive revenue growth by expanding relationships with existing clients, adding new clients and delivering innovative solutions.

We continue to make great progress developing and selling innovative new solutions that are helping our clients gain new customers, improve customer retention, and operate more efficiently, while also helping them to manage risk. Since launching Servicing Digital as part of our digital suite, 14 clients representing more than 25% of the loans on MSP have signed up to use this innovative solution to enhance customer experience and retention.

Of the total, six clients signed in the second quarter, including two top 15 servicers. Interest and excitement for this product is growing and we continue to enhance the functionality. For example, we are currently working on an integration with Househappy to offer capabilities to simplify the customer's home care and maintenance needs through digital ordering and scheduling of services as well as convenient storage of home related information.

It's an additional feature within Servicing Digital that will create increased customer engagement and lead to increased customer retention for our clients. At the end of last year, we introduced the Rapid Analytics Platform or RAP which provides data scientists a cloud-based analytics plan, where they can use Black Knight's data assets in conjunction with their own data to create models and analytics to help them drive