Cannae Holdings Inc (NYSE:CNNE)

Q1 2026 Cannae Holdings Inc Earnings Call Transcript

May 11, 2026 / 09:00 PM GMT

Release Date Price: $13.84 (-2.47%)

Transcript 10-Q8-K

Key Points

Positve

Cannae Holdings Inc (CNNE) returned approximately $51 million to shareholders through buybacks and dividends, representing 86% of their capital allocation.
The company repurchased 3.4 million shares, about 7.3% of shares outstanding, indicating a strong commitment to share buybacks.
AFC Bournemouth, a major asset, is performing well, potentially qualifying for European competition, which could enhance its commercial and economic prospects.
Corporate holding company costs were reduced by approximately 45% year-over-year, reflecting effective cost management.
Black Knight Football reported significant financial growth, with revenue increasing by 19% and EBITDA reaching $136 million.

Negative

Total operating revenues for the first quarter were down 7% year-over-year, primarily due to the restaurant group's performance.
The restaurant group faced challenges with the closure of eight O'Charley's locations and lower traffic, impacting revenues.
There were approximately $8 million in non-cash impairments on restaurant assets, affecting financial results.
The company is still in the process of monetizing non-core assets like the restaurant group, indicating ongoing strategic challenges.
Cannae Holdings Inc (CNNE) experienced a decline in cash reserves from $123 million to approximately $90 million due to continued buybacks.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CNNE.N - Cannae Holdings Inc
Q1 2026 Cannae Holdings Inc Earnings Call
May 11, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Please stand by, your meeting is about to begin.

Good afternoon, ladies and gentlemen, and welcome to the Kenai Holdings, Incorporated First Quarter 2026 Financial Results Conference Call. During today's presentation, all parties will be in a listen-only mode. Following the company's prepared remarks, the conference will be open for questions with instructions to follow at that time.

As a reminder, this conference call is being recorded and a replay is available through 11:59 p.m. Eastern Time on May 25th, 2026.

With that, I would now like to turn the call over to Mr. Jamie Lillis of Solberry Strategic Communications. Please go ahead, sir.

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