CoreLogic Raises Second Quarter 2020 Financial Guidance

CoreLogic (NYSE: CLGX), a leading global provider of property information, insight, analytics and data-enabled solutions, today announced increased financial guidance for the second quarter as summarized below.

The Company expects second quarter 2020 financial results to exceed previously issued revenue and adjusted EBITDA guidance ranges driven principally by continued market share gains and operating leverage attributable to higher U.S. mortgage market volumes. Expected financial impacts attributable to COVID-19 remain consistent with assumptions incorporated in previously issued guidance.

$ in Millions	Previous Guidance	Updated Guidance
Revenue	$420 - $445	$455 - $465
Adjusted EBITDA(1)	$120 - $135	$145 - $150

⁽¹⁾ Definition of adjusted results, as well as other non-GAAP financial measures used by management, is included in the Use of Non-GAAP Financial Measures section found at the end of the release.

“CoreLogic continues to deliver strong growth and profitability driven by market share gains, higher market volumes, favorable revenue mix and the benefits of the ongoing productivity programs. For the fourth successive quarter, we expect to deliver profits in line with our 30% margin target. We also continued to return significant capital and reduce debt levels based on our durable cash generative model,” said Frank Martell, President and Chief Executive Officer of CoreLogic. “As we look ahead to the second half of the year, based on currently available external forecasts, we expect to continue to benefit from favorable U.S. market volumes as well as share gains and the flow through of cost productivity and operating leverage.”

2020 Financial Guidance

Consistent with its normal practice, the Company will provide full year guidance in conjunction with its second quarter earnings release in July.

About CoreLogic

CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, buy, and protect their homes. For more information, please visit www.corelogic.com.