IRVINE, Calif.–(BUSINESS WIRE)–CoreLogic® (NYSE: CLGX), a leading global property
information, analytics and data-enabled solutions provider, today
announced that its Board of Directors has authorized the Company to
repurchase up to $500 million of outstanding shares of its common stock.
The authorization has no expiration date and supersedes the Company’s
previous share repurchase authorization.
Separately, the Company has confirmed that it expects to complete the
buyback of 3% of its outstanding shares as part of its 2018 share
repurchase program. Common shares issued and outstanding as of September
30, 2018, totaled 80.6 million. During the nine months ended September
30, 2018, the Company repurchased 1.8 million common shares for $87
“CoreLogic has returned approximately $1.4 billion in capital to our
shareholders through the repurchase of 46 million our common shares
since 2010. The consistent and significant repurchase of our common
shares has been a major value creator for our long-term shareholders,”
said Frank Martell, President and Chief Executive Officer of CoreLogic.
“The expanded share repurchase authorization provides CoreLogic with the
flexibility to continue to buy back significant amounts of our current
outstanding share count over the next several years.”
CoreLogic (NYSE: CLGX) is a leading global property information,
analytics and data-enabled solutions provider. The Company’s combined
data from public, contributory and proprietary sources includes over 4.5
billion records spanning more than 50 years, providing detailed coverage
of property, mortgages and other encumbrances, consumer credit, tenancy,
location, hazard risk and related performance information. The markets
CoreLogic serves include real estate and mortgage finance, insurance,
capital markets, and the public sector. CoreLogic delivers value to
clients through unique data, analytics, workflow technology, advisory
and managed solutions. Clients rely on CoreLogic to help identify and
manage growth opportunities, improve performance and mitigate risk.
Headquartered in Irvine, Calif., CoreLogic operates in North America,
Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.
Safe Harbor / Forward Looking Statements
Certain statements made in this press release are forward-looking
statements within the meaning of the federal securities laws, including
but not limited to those statements related to the Company’s share
repurchase plan and plan to return capital to shareholders. Risks and
uncertainties exist that may cause the results to differ materially from
those set forth in these forward-looking statements. Factors that could
cause the anticipated results to differ from those described in the
forward-looking statements include the risks and uncertainties set forth
in Part I, Item 1A of our most recent Annual Report on Form 10-K. The
forward-looking statements speak only as of the date they are made. The
Company does not undertake to update forward-looking statements to
reflect circumstances or events that occur after the date the
forward-looking statements are made.