Black Knight, Inc. (NYSE:BKI) Q4 2019 Earnings Conference Call - Final Transcript
Feb 13, 2020 • 05:00 pm ET
Greetings, and welcome to the Black Knight Fourth Quarter 2019 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Steven Eagerton, Vice President of Investor Relations. Please proceed, sir.
Thanks. Good afternoon, everyone, and thank you for joining us for the Black Knight's fourth 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 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 investor.blackknightinc.com.
I'll now turn over the call to Anthony.
Anthony M. Jabbour
Thank you, Steve. Good morning, everyone, and thank you for joining us for our fourth quarter earnings call. I would like to take some time today to discuss highlights from 2019 and our plans for 2020. 2019 was another solid year for Black Knight, as we continued to execute against our long-term strategic initiatives to drive growth through winning new clients, cross-selling to existing clients, innovating with urgency, and finally, through acquisitions to further enhance our offerings.
From a financial performance perspective, in 2019, we had adjusted revenue growth of 5.5%, adjusted EBITDA growth of 7.5% and adjusted EBITDA margin expansion of 90 basis points. This performance confirms the strength of the core fundamentals of our business and our ongoing ability to deliver for our clients and shareholders over the long-term.
The pace at which we've delivered new solutions underscores our commitment to acting with urgency. As we've said before, we will develop solutions, acquire technologies, and partner with clients, whichever strategy helps us most quickly deliver the solutions, that provide the greatest benefit to our clients. As an example, we recently acquired software from Quicken Loans to serve as a foundation for our next-generation customer service solution. Quicken Loans is a J.D. Power award winner for highest customer satisfaction and mortgage servicing for the past six consecutive years. We will make this software available to all MSP client and Quicken will be one of the first to use this new solution.
Additionally, Quicken Loans further extended their MSP contract with us and will be implementing our new default servicing, fee service solutions, as well as multiple data and analytics offerings. Overall, I'm proud of what we delivered and integrated in 2019, and we will stay the