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Lender Processing Services, Inc. Reports Record Third Quarter Earnings
Year-over-year revenues increase 32.7%

JACKSONVILLE, Fla., Oct. 22 /PRNewswire-FirstCall/ -- Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, today reported consolidated revenues of $619.4 million for the third quarter of 2009, an increase of 32.7% compared to the third quarter of 2008, and net earnings of $75.5 million or 78 cents per diluted share.

Adjusted net earnings for the third quarter of 2009 were $80.2 million, or 83 cents per diluted share, compared to $57.8 million, or 61 cents per diluted share, in the third quarter of 2008. Adjusted net earnings in the current quarter include an adjustment for purchase amortization of 5 cents per diluted share while the prior year quarter included a similar adjustment of 7 cents per diluted share.

"LPS delivered strong results in the third quarter despite an ongoing difficult business environment. LPS with its broad-based, technology-driven end-to-end solutions for the mortgage and real estate industries, remains well positioned for the fourth quarter and to continue to grow profitably in the years ahead," said Lee A. Kennedy, Executive Chairman of LPS. "All our business segments continued to gain market share in the third quarter. Our Mortgage Processing and other technology businesses posted solid earnings while our Default Services business continued to deliver very strong results. Also, our Loan Facilitation business benefited from a stronger year-over-year origination market," added Jeff Carbiener, President and CEO of LPS.

Operating income of $143.6 million in the quarter improved 32.6% compared to the third quarter of 2008.

Year-to-date pro forma adjusted free cash flow (net cash provided by operating activities including pro forma interest expense for the first six months of 2008, minus additions to property and equipment and capitalized software) for 2009 of $231.6 million compared to $184.1 million for the first nine months of 2008.

Technology, Data and Analytics (TD&A)

Revenues for the segment were $186.3 million compared to $139.0 million in the third quarter of 2008 while operating income of $62.4 million compared to $49.2 million in the prior year quarter. Mortgage Processing revenues of $103.0 million were 23.2% above the third quarter of 2008, primarily due to the conversion of the JPMorgan Chase portfolio on to our mortgage servicing platform. Other TD&A revenues increased by 50.5% to $83.3 million compared to the prior year quarter, mainly due to strong growth in Data and Analytics services, our Desktop application, and the impact of the FNRES acquisition completed in the first quarter of 2009. Excluding the impact of FNRES, Other TD&A revenues were up a strong 32.4%. Overall operating income for TD&A was higher primarily due to higher contributions from Mortgage Processing and Data & Analytics.

Loan Transaction Services (LTS)

Revenues for the segment increased by 33.7% to $440.5 million compared to the third quarter of 2008 while operating income of $101.6 million compared to $74.7 million in the prior year period. Loan Facilitation Services revenues of $136.7 million were up 55.9% compared to the same period last year, mainly due to higher settlement services and increased appraisal volumes. Default Services revenues of $303.8 million increased 25.6% over the third quarter of 2008, primarily due to ongoing strength in the default market and our ability to continue to gain market share. Overall operating income for LTS grew due to higher income in loan origination related offerings, such as settlement services and appraisal, as well as in Default Services.

Corporate and Other

Net corporate expenses were $20.3 million compared to $15.6 million in the third quarter of 2008 and were higher primarily due to higher incentive compensation expenses in the current quarter driven by the strong operating results.

Outlook

"Third quarter and year-to-date 2009 results were very strong and while the broader macro-economic environment and some of our markets continue to present challenges, LPS with its solid market presence remains well positioned for a strong finish in 2009 and to continue to grow revenue and earnings in 2010," said Jeff Carbiener. "Building on the robust year-to-date results, we expect fourth quarter adjusted earnings to be in the range of 77-79 cents per diluted share. For full year 2009, we now expect revenues to grow 26%-28% compared to 2008 and adjusted earnings to be in the $3.07-$3.09 per diluted share range."

Use of Non-GAAP Financial Information

Generally Accepted Accounting Principles (GAAP) is the term used to refer to the standard framework of guidelines for financial accounting. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizing transactions, and in the preparation of financial statements. In addition to reporting financial results in accordance with GAAP, LPS reports several non-GAAP measures, including pro forma adjusted net earnings, pro forma adjusted net earnings per share and pro forma adjusted free cash flow. LPS provides these measures because it believes that they are helpful to investors in comparing year-over-year performance in light of our 2008 spin-off from Fidelity National Information Services, Inc., and to better understand our financial performance, competitive position and future prospects. The adjusted results exclude acquisition related amortization costs and include pro forma debt related interest expenses. Non-GAAP measures should be considered in conjunction with the GAAP financial presentation and should not be considered in isolation or as a substitute for GAAP net earnings. A reconciliation of these non-GAAP measures to related GAAP measures is included in the attachments to this release.

Conference Call and Webcast

LPS will host a conference call to discuss these results on Friday, October 23, 2009, at 8:00 a.m. Eastern time. Interested parties are invited to listen to the live webcast by logging on to the Investor Relations section at www.lpsvcs.com. Supplemental materials will be available on the website. Those wishing to participate via the conference call may do so by calling 866-823-5035. A replay of the webcast will be available on the website shortly after the call where it will be archived for one month. A replay of the conference call will be available through October 30, 2009 by dialing 888-203-1112 (access code: 6402161).

To access a printer friendly version of this release and accompanying exhibits, go to http://www.lpsvcs.com/investor.

About Lender Processing Services

Lender Processing Services, Inc. (LPS) is a leading provider of integrated technology and services to the mortgage and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, workflow automation (Desktop), servicing, portfolio retention and default, augmented by the company's award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages by dollar volume are serviced using LPS' Mortgage Servicing Package (MSP). In fact, many of the nation's top servicers rely on MSP, including eight of the top 10 and 14 of the top 20. LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, visit www.lpsvcs.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve a number of risks and uncertainties. Those forward-looking statements include all statements that are not historical facts, including statements about our beliefs and expectations. Forward-looking statements are based on management's beliefs, as well as assumptions made by and information currently available to management. Because such statements are based on expectations as to future economic performance and are not statements of historical fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to: our ability to adapt our services to changes in technology or the marketplace; the elimination of existing and potential customers as a result of failures and consolidations in the banking and financial services industries; the impact of adverse changes in the level of real estate activity on demand for certain of our services; the effects of our substantial leverage on our ability to make acquisitions and invest in our business; changes to the laws, rules and regulations that regulate our businesses as a result of the current economic and financial environment; changes in general economic, business and political conditions, including changes in the financial markets; the impact of any potential defects, development delays, installation difficulties or system failures on our business and reputation; risks associated with protecting information security and privacy; risks associated with our spin-off from Fidelity National Information Services, Inc., including those relating to our new stand-alone public company status and limitations on our strategic and operating flexibility as a result of the tax-free nature of the spin-off; and other risks and uncertainties detailed in the "Statement Regarding Forward-Looking Information," "Risk Factors" and other sections of the Company's Form 10-K, the Company's subsequent reports on Form 10-Q and other filings with the Securities and Exchange Commission.

                                                               Exhibit A

              LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
                     Consolidated Statements of Earnings
                                 (Unaudited)


                                 Three Months        Nine Months Ended
                              Ended September 30,       September 30,
                               ----------------      -----------------
                                2009      2008       2009        2008
                                ----      ----       ----        ----
                                 (In thousands, except per share data)

    Processing
     and services
     revenues                 $619,427  $466,762  $1,762,415  $1,363,669

    Cost of
     revenues                  409,113   300,560   1,167,829     882,410
                               -------   -------   ---------     -------

      Gross profit             210,314   166,202     594,586     481,259

    Selling, general
     and administrative
     expenses                   66,671    57,909     203,280     171,577
                                ------    ------     -------     -------

      Operating income         143,643   108,293     391,306     309,682

    Other income
     (expense):
      Interest income              283       476       1,249       1,039
      Interest expense         (21,195)  (24,565)    (64,734)    (24,621)
      Other expense, net          (203)       (5)       (217)        277
                                  ----        --        ----         ---
        Total other income
         (expense)             (21,115)  (24,094)    (63,702)    (23,305)
                               -------   -------     -------     -------

      Earnings from
       continuing
       operations before
       income taxes and
       equity in losses
       of unconsolidated
       entity                  122,528    84,199     327,604     286,377

    Provision for
     income taxes               46,867    32,669     125,308     111,114
                                ------    ------     -------     -------

      Earnings from
       continuing
       operations before
       equity in losses
       of unconsolidated
       entity                   75,661    51,530     202,296     175,263

    Equity in losses
     of unconsolidated
     entity                         --    (1,484)        (37)     (3,854)
                                 -----    ------         ---      ------

      Earnings from
       continuing
       operations               75,661    50,046     202,259     171,409

      Discontinued
       operation, net of
       tax                          --     1,565        (504)      6,203
                                 -----     -----        ----       -----

        Net earnings            75,661    51,611     201,755     177,612

    Noncontrolling
     minority interest            (119)     (330)       (927)     (1,053)
                                  ----      ----        ----      ------

        Net earnings
         attributable to
         Lender Processing
         Services, Inc.        $75,542   $51,281    $200,828    $176,559
                               =======   =======    ========    ========



                                                        Exhibit B


           LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
                      Consolidated Balance Sheets
                              (Unaudited)

                                      September 30,     December 31,
                                           2009             2008
                                      -------------     ------------
                                              (In thousands)
               Assets
    Current assets:

      Cash and cash equivalents          $64,847         $125,966
      Trade receivables, net of
       allowance for doubtful
       accounts                          428,373          344,848
      Other receivables                    4,086           17,393
      Due from affiliates                     --            2,713
      Prepaid expenses and
       other current assets               24,939           22,030
      Deferred income taxes               40,757           40,757

                                         -------          -------
        Total current assets             563,002          553,707
                                         -------          -------

    Property and equipment, net
     of accumulated depreciation         103,711           95,542
    Computer software, net of
     accumulated amortization            180,064          157,539
    Other intangible assets,
     net of accumulated
     amortization                         78,656           83,489
    Goodwill                           1,135,153        1,091,056
    Other non-current assets             109,105          122,300
                                         -------          -------

        Total assets                  $2,169,691       $2,103,633
                                      ==========       ==========


            Liabilities and Equity
    Current liabilities:

      Current portion of long-
       term debt                         $77,362         $145,101
      Trade accounts payable              40,857           31,720
      Accrued salaries and
       benefits                           51,593           36,492
      Recording and transfer
       tax liabilities                    17,446           14,639
      Due to affiliates                    1,492            1,573
      Other accrued liabilities          154,878          101,612
      Deferred revenues                   49,572           51,628
                                          ------           ------
        Total current
         liabilities                     393,200          382,765
                                         -------          -------

    Deferred revenues                     40,474           40,343
    Deferred income taxes, net            30,504           36,557
    Long-term debt, net of
     current portion                   1,286,030        1,402,350
    Other non-current
     liabilities                          27,926           39,217

                                       ---------        ---------
        Total liabilities              1,778,134        1,901,232
                                       ---------        ---------


    Equity:
      Lender Processing Services,
       Inc. stockholders' equity:
      Preferred stock $0.0001
       par value; 50 million
       shares authorized, none                --               --
       issued at September 30, 2009
       or December 31, 2008
      Common stock $0.0001 par
       value; 500 million shares
       authorized, 96.8 million               10                9
       and 95.3 million shares
       issued at September 30, 2009 and
       December 31, 2008
      Additional paid-in capital         157,103          111,849
      Retained earnings                  265,645           93,540
      Accumulated other
       comprehensive loss                 (9,617)         (13,667)
      Treasury stock $0.0001 par
       value; 884,734 and 19,870 shares
       at September 30, 2009 and
       December 31, 2008                 (27,712)            (582)
                                         -------             ----
        Total Lender Processing
         Services, Inc.
         stockholders' equity            385,429          191,149
      Noncontrolling minority
       interest                            6,128           11,252
                                           -----           ------
        Total equity                     391,557          202,401
                                         -------          -------

        Total liabilities and
         equity                       $2,169,691       $2,103,633
                                      ==========       ==========



                                                      Exhibit C

          LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES
                Consolidated Statements of Cash Flows
                             (Unaudited)

                                              Nine Months Ended
                                                 September 30,
                                              -----------------
                                              2009         2008
                                              ----         ----
                                              (In thousands)
    Cash flows from operating activities:
      Net earnings attributable to
       Lender Processing Services, Inc.   $200,828     $176,559

      Adjustments to reconcile net
       earnings to net cash provided by
       operating activities:
          Depreciation and amortization     72,623       68,395
          Amortization of debt issuance
           costs                             3,968        1,509
          Gain on sale of discontinued
           operation                        (2,574)          --
          Deferred income taxes, net          (651)       3,968
          Stock-based compensation cost     20,364       14,910
          Tax benefit associated with
           equity compensation              (2,625)        (512)
          Equity in losses of
           unconsolidated entity                37        3,854
          Noncontrolling minority
           interest                            927        1,053

          Changes in assets and
           liabilities, net of effects of
           acquisitions:
            Trade receivables              (76,642)     (84,167)
            Other receivables               13,321       (7,612)
            Prepaid expenses and other
             assets                         (7,798)       4,676
            Deferred revenues               (2,922)       5,342
            Accounts payable and other
             liabilities                    76,281       59,317
                                            ------       ------

              Net cash provided by
               operating activities        295,137      247,292
                                           -------      -------

    Cash flows from investing activities:
      Additions to property and equipment  (24,896)     (14,657)
      Additions to capitalized software    (42,966)     (23,685)
      Acquisition of title plants          (14,319)          --
      Acquisitions, net of cash acquired   (16,403)     (15,488)
      Proceeds from sale of discontinued
       operation, net of cash distributed  (32,638)          --
                                           -------       ------

              Net cash used in investing
               activities                 (131,222)     (53,830)
                                          --------      -------
    Cash flows from financing activities:
      Borrowings                                --       25,700
      Debt service payments               (180,455)     (61,993)
      Stock options exercised                2,002        1,433
      Tax benefit associated with equity
       compensation                          2,625          512
      Cash dividends paid                  (28,723)      (9,526)
      Capitalized debt issuance costs           --      (24,882)
      Acquisition of noncontrolling
       minority interest                    (2,600)          --
      Net distributions to FIS                  --     (114,855)
      Treasury stock purchases              (9,883)          --
      Bond repurchases                      (8,000)          --
                                            ------       ------

              Net cash used in financing
               activities                 (225,034)    (183,611)

              Net (decrease) increase in
               cash and cash equivalents   (61,119)       9,851

    Cash and cash equivalents, beginning
     of period                             125,966       39,566
                                           -------       ------

    Cash and cash equivalents, end of
     period                                $64,847      $49,417
                                           =======      =======


    Supplemental disclosures of cash flow information:
      Cash paid for interest               $69,882      $15,543
                                           =======      =======

      Cash paid for taxes                 $107,709         $720
                                          ========         ====

      Non-cash contribution of stock
       compensation by FIS                     $--       $9,120
                                                ==       ======

      Non-cash redistribution of assets
       to FIS                                 $434      $(4,537)
                                              ====      =======

      Non-cash consideration received
       from sale of discontinued
       operation                           $40,310          $--
                                           =======           ==

      Non-cash consideration issued in
       acquisition of business             $(5,162)         $--
                                           =======           ==

      Non-cash exchange of FIS note            $--  $(1,585,000)
                                                ==  ===========



    LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES     Exhibit D
    SUPPLEMENTAL FINANCIAL INFORMATION - UNAUDITED
    (In thousands)

                                    Nine Months Ended
                                      September 30,
                                    -----------------
                                     2009        2008
                                     ----        ----

    1. Revenues - Continuing
        Operations

       Technology, Data and
        Analytics (TD&A):
          Mortgage Processing      $283,690    $245,820
          Other TD&A                234,364     170,712
                                    -------     -------
            Total                   518,054     416,532
                                    -------     -------

       Loan Transaction
        Services:
          Loan Facilitation
           Services                 404,381     347,759
          Default Services          858,666     608,092
                                    -------     -------
            Total                 1,263,047     955,851
                                  ---------     -------

       Corporate and Other          (18,686)     (8,714)
                                    -------      ------

          Total Revenue          $1,762,415  $1,363,669
                                 ==========  ==========

       Revenue Growth from
        Prior Year Period

       Technology, Data and
        Analytics:
          Mortgage Processing         15.4%       -0.4%
          Other TD&A                  37.3%       -3.8%
                                      ----        ----
            Total                     24.4%       -1.8%
                                      ----        ----

       Loan Transaction
        Services:
          Loan Facilitation
           Services                   16.3%      -24.7%
          Default Services            41.2%       85.3%
                                      ----        ----
            Total                     32.1%       21.0%
                                      ----        ----

       Corporate and Other             n/m         n/m
                                       ---         ---

          Total Revenue               29.2%       12.5%
                                      ====        ====


    2. Depreciation and
         Amortization -
        Continuing Operations

       Depreciation and
        Amortization               $45,399     $37,378
       Purchase Price
        Amortization                23,095      29,307
       Other Amortization            4,124       1,648
                                     -----       -----
          Total Depreciation and
           Amortization            $72,618     $68,333
                                   =======     =======


    3. Stock Compensation
        Expense (1)

       Stock Compensation
        Expense, Excluding
        Acceleration Charges       $19,565     $14,772
       Stock Acceleration
        Expense                        799         138
                                       ---         ---
          Total Stock
           Compensation Expense    $20,364     $14,910
                                   =======     =======


    4. EBIT - Discontinued
        Operations (2)

       Revenue                        $296     $22,115

       Cost of Sales                   503      $4,808

       Selling, General
        and Administrative
        Expenses                       499       7,168
                                       ---       -----

          Operating Income            (706)     10,139

       Less Non-recurring
        Charges:
          Restructuring Costs           --          --
          LPS Spin Related Costs        --          --
          Acceleration of
           Performance-Based
           Shares                       --          --

                                     -----     -------
       EBIT, as adjusted             $(706)    $10,139
                                     -----     -------

       Depreciation and
        Amortization                    $5         $62
                                        ==         ===



                                                  Quarter Ended
                                                  -------------
                                  9/30/2009   6/30/2009  3/31/2009  12/31/2008
                                  ---------   ---------  ---------  ----------

    1. Revenues - Continuing
        Operations

       Technology, Data and
        Analytics (TD&A):
          Mortgage Processing      $102,973     $89,567    $91,150     $88,364
          Other TD&A                 83,313      82,322     68,729      60,754
                                     ------      ------     ------      ------
          Total                     186,286     171,889    159,879     149,118
                                    -------     -------    -------     -------

       Loan Transaction
        Services:
          Loan Facilitation
           Services                 136,657     148,510    119,214      83,914
          Default Services          303,823     299,534    255,309     243,736
                                    -------     -------    -------     -------
            Total                   440,480     448,044    374,523     327,650
                                    -------     -------    -------     -------

       Corporate and Other           (7,339)     (6,762)    (4,585)    (2,847)
                                     ------      ------     ------     ------

          Total Revenue            $619,427    $613,171   $529,817    $473,921
                                   ========    ========   ========    ========

       Revenue Growth from
        Prior Year Period

       Technology, Data and
        Analytics:
          Mortgage Processing          23.2%        9.1%      13.7%      -4.9%
          Other TD&A                   50.5%       37.9%      23.5%      14.6%
                                       ----        ----       ----       ----
            Total                      34.1%       21.3%      17.7%       2.2%
                                       ----        ----       ----        ---

       Loan Transaction
        Services:
          Loan Facilitation
           Services                    55.9%       25.8%     -16.1%     -39.6%
          Default Services             25.6%       51.9%      51.0%      68.3%
                                       ----        ----       ----        ----
            Total                      33.7%       42.1%      20.4%      15.4%
                                       ----        ----       ----        ----

       Corporate and Other            338.1%        n/m        n/m         n/m
                                      -----         ---        ---         ---

          Total Revenue                32.7%       35.3%      19.4%      11.0%
                                       ====        ====       ====        ====


    2. Depreciation and
        Amortization -
       Continuing Operations

       Depreciation and
        Amortization                $15,894     $15,431    $14,074     $13,697
       Purchase Price
        Amortization                  7,608       7,404      8,083      10,711
       Other Amortization             1,542         753      1,829         596
                                      -----         ---      -----         ---
       Total Depreciation and
        Amortization                $25,044     $23,588    $23,986     $25,004
                                    =======     =======    =======     =======


    3. Stock Compensation
        Expense (1)

       Stock Compensation
        Expense, Excluding
        Acceleration Charges         $7,062      $6,459     $6,044      $6,603
       Stock Acceleration
        Expense                          --          --        799          --
                                         --          --        ---         ---
          Total Stock
           Compensation Expense      $7,062      $6,459     $6,843      $6,603
                                     ======      ======     ======      ======


    4. EBIT - Discontinued
        Operations (2)

       Revenue                          $--         $--       $296      $2,204

       Cost of Sales                     --          --        503       1,571

       Selling, General
        and Administrative
        Expenses                         --          --        499       1,814
                                       ----        ----        ---       -----

          Operating Income               --          --       (706)    (1,181)

       Less Non-recurring
        Charges:
          Restructuring Costs            --          --         --          --
          LPS Spin Related Costs         --          --         --          --
          Acceleration of
           Performance-Based
           Shares                        --          --         --          --

                                       ----        ----       ----        ----
       EBIT, as adjusted                $--         $--      $(706)   $(1,181)
                                        ---         ---        ---         ---
       Depreciation and
        Amortization                    $--         $--         $5         $17
                                         ==          ==         ==         ===


                                           Quarter Ended
                                           -------------
                                  9/30/2008   6/30/2008  3/31/2008
                                  ---------   ---------  ---------

    1. Revenues - Continuing
        Operations

       Technology, Data and
        Analytics (TD&A):
          Mortgage Processing       $83,592     $82,062    $80,166
          Other TD&A                 55,372      59,682     55,658
                                     ------      ------     ------
            Total                   138,964     141,744    135,824
                                    -------     -------    -------

       Loan Transaction
        Services:
          Loan Facilitation
           Services                  87,629     118,091    142,039
          Default Services          241,844     197,223    169,025
                                    -------     -------    -------
            Total                   329,473     315,314    311,064
                                    -------     -------    -------

       Corporate and Other           (1,675)     (3,711)    (3,328)
                                     ------      ------     ------

          Total Revenue            $466,762    $453,347   $443,560
                                   ========    ========   ========

       Revenue Growth from
        Prior Year Period

       Technology, Data and
        Analytics:
          Mortgage Processing           2.9%       -1.4%      -2.6%
          Other TD&A                   -5.5%        1.5%      -7.4%
                                       ----         ---       ----
            Total                      -0.6%       -0.2%      -4.6%
                                       ----        ----       ----

       Loan Transaction
        Services:
          Loan Facilitation
           Services                   -42.8%      -28.3%      -1.3%
          Default Services             97.1%       89.7%      66.5%
                                       ----        ----       ----
            Total                      19.4%       17.3%      26.7%
                                       ----        ----       ----

       Corporate and Other              n/m         n/m        n/m
                                        ---         ---        ---

          Total Revenue                13.3%       10.0%      14.4%
                                       ====        ====       ====


    2. Depreciation and
        Amortization -
       Continuing Operations

       Depreciation and
        Amortization                $12,594     $11,286    $13,498
       Purchase Price
        Amortization                 10,627       8,980      9,700
       Other Amortization               579         594        475
                                        ---         ---        ---
       Total Depreciation and
        Amortization                $23,800     $20,860    $23,673
                                    =======     =======    =======


    3. Stock Compensation
        Expense (1)

       Stock Compensation
        Expense, Excluding
        Acceleration Charges         $5,790      $4,295     $4,687
       Stock Acceleration
        Expense                          --         138         --
                                       ----         ---       ----
          Total Stock
           Compensation Expense      $5,790      $4,433     $4,687
                                     ======      ======     ======


    4. EBIT - Discontinued
        Operations (2)

       Revenue                       $5,916      $7,033     $9,166

       Cost of Sales                  1,521       1,499      1,788

       Selling, General
        and
        Administrative
        Expenses                      1,837       2,212      3,119
                                      -----       -----      -----

          Operating Income            2,558       3,322      4,259

       Less Non-recurring
        Charges:
          Restructuring Costs            --          --         --
          LPS Spin Related Costs         --          --         --
          Acceleration of
           Performance-Based
           Shares                        --          --         --

                                     ------      ------     ------
       EBIT, as adjusted             $2,558      $3,322     $4,259
                                     ------      ------     ------

       Depreciation and
        Amortization                    $19         $20        $23
                                        ===         ===        ===


      (1) As the Company does not allocate stock compensation expense to the
          individual business units, there is no related expense associated
          with the discontinued operation.
      (2) The business unit included in discontinued operations has
          historically been reported as a component of Loan Facilitation
          Services in the Loan Transaction Services reporting segment.



     LENDER PROCESSING SERVICES, INC. AND SUBSIDIARIES               Exhibit E
     NON-GAAP FINANCIAL INFORMATION - UNAUDITED
     (In thousands, except per share data)

                                               Nine Months Ended September 30,
                                               ------------------------------
                                                    2009              2008
                                                    ----              ----

      1.   EBIT - Continuing Operations

           Consolidated
              Revenue                            $1,762,415        $1,363,669

              Cost of Sales                       1,167,829           882,410

              Selling, General and
               Administrative Expenses              203,280           171,577
                                                    -------           -------

                Operating Income                    391,306           309,682

              Less Non-recurring Charges (1):
                Restructuring Costs                   8,186             2,353
                LPS Spin Related Costs                   --             2,963
                Acceleration of
                 Performance-Based Shares               799               138
                                                    -------           -------

              EBIT, as adjusted                    $400,291          $315,136

              EBIT Margin, as adjusted                22.7%             23.1%
                                                    =======           =======

              Depreciation and
               Amortization                         $72,618           $68,333
                                                    =======           =======

           Technology, Data and Analytics

              Revenue                              $518,054          $416,532

              Cost of Sales                         295,043           229,487

              Selling, General and
               Administrative Expenses               52,146            49,519
                                                    -------           -------

                Operating Income                    170,865           137,526

              Less Non-recurring Charges:
                Restructuring Costs                      --             2,178
                LPS Spin Related Costs                   --                --
                Acceleration of
                 Performance-Based Shares                --                --

              EBIT, as adjusted                    $170,865          $139,704
                                                    -------           -------

              EBIT Margin, as adjusted                33.0%             33.5%
                                                    =======           =======
              Depreciation and
               Amortization                         $51,411           $45,215
                                                    =======           =======


           Loan Transaction Services

              Revenue                            $1,263,047          $955,851

              Cost of Sales                         891,515           661,789

              Selling, General and
               Administrative Expenses               82,088            78,985
                                                    -------           -------

                Operating Income                    289,444           215,077

              Less Non-recurring Charges:
                Restructuring Costs                      --               163
                LPS Spin Related Costs                   --                --
                Acceleration of
                 Performance-Based Shares                --                --
                                                    -------           -------
              EBIT, as adjusted                    $289,444          $215,240
                                                    -------           -------

              EBIT Margin, as adjusted                22.9%             22.5%
                                                    =======           =======
              Depreciation and
               Amortization                         $15,029           $18,104
                                                    =======           =======

           Corporate and Other

              Revenue                              $(18,686)          $(8,714)

              Cost of Sales                         (18,729)           (8,866)

              Selling, General and
               Administrative Expenses               69,046            43,073
                                                    -------           -------
                Operating Income                    (69,003)          (42,921)

              Less Non-recurring Charges:
                Restructuring Costs                   8,186                12
                LPS Spin Related Costs                   --             2,963
                Acceleration of
                 Performance-Based Shares               799               138
                                                    -------           -------
              EBIT, as adjusted                    $(60,018)         $(39,808)
                                                    -------           -------
              Depreciation and
               Amortization                          $6,178            $5,014
                                                    =======           =======



                                                     Quarter Ended
                                                     -------------
                                      9/30/2009 6/30/2009 3/31/2009 12/31/2008
                                      --------- --------- --------- ----------
    1.  EBIT - Continuing
          Operations

         Consolidated
           Revenue                      $619,427  $613,171  $529,817  $473,921

           Cost of Sales                 409,113   404,014   354,702   294,069

           Selling, General and
            Administrative Expenses       66,671    65,431    71,178    58,298
                                         -------    ------    ------    ------

             Operating Income            143,643   143,726   103,937   121,554
                                              --        --        --        --
           Less Non-recurring Charges (1):
             Restructuring Costs              --        --     8,186        --
             LPS Spin Related Costs           --        --        --        --
             Acceleration of
              Performance-Based Shares        --        --       799        --

           EBIT, as adjusted            $143,643  $143,726  $112,922  $121,554
                                         -------    ------    ------    ------

           EBIT Margin, as adjusted        23.2%     23.4%     21.3%     25.6%
                                          ======     ======    ======   ======
           Depreciation and
            Amortization                 $25,044   $23,588   $23,986   $25,004
                                          ======     ======    ======   ======

         Technology, Data and Analytics

           Revenue                      $186,286  $171,889  $159,879  $149,118

           Cost of Sales                 105,651    98,929    90,463    80,482

           Selling, General and
            Administrative Expenses       18,256    17,824    16,066    15,121
                                         -------    ------    ------    ------

             Operating Income             62,379    55,136    53,350    53,515
                                         -------    ------    ------    ------

           Less Non-recurring Charges:
             Restructuring Costs              --        --        --        --
             LPS Spin Related Costs           --        --        --        --
             Acceleration of
              Performance-Based Shares        --        --        --        --
                                         -------    ------    ------    ------

           EBIT, as adjusted             $62,379   $55,136   $53,350   $53,515
                                         -------    ------    ------    ------

           EBIT Margin, as adjusted        33.5%     32.1%     33.4%     35.9%

           Depreciation and
            Amortization                 $17,595   $16,441   $17,375   $15,990
                                          ======     ======    ======   ======

         Loan Transaction Services

           Revenue                      $440,480  $448,044  $374,523  $327,650

           Cost of Sales                 311,230   311,349   268,936   217,242

           Selling, General and
            Administrative Expenses       27,665    27,064    27,359    26,314
                                         -------    ------    ------    ------
             Operating Income            101,585   109,631    78,228    84,094

           Less Non-recurring Charges:
             Restructuring Costs              --        --        --        --
             LPS Spin Related Costs           --        --        --        --
             Acceleration of
              Performance-Based Shares        --        --        --        --
                                         -------    ------    ------    ------
           EBIT, as adjusted            $101,585  $109,631   $78,228   $84,094
                                         -------    ------    ------    ------
           EBIT Margin, as adjusted        23.1%     24.5%     20.9%     25.7%
                                          ======     ======    ======   ======
          Depreciation and
            Amortization                  $5,295    $5,126    $4,608    $7,028
                                          ======     ======    ======   ======


         Corporate and Other

           Revenue                       $(7,339)  $(6,762)  $(4,585) $(2,847)

           Cost of Sales                  (7,768)   (6,264)   (4,697)  (3,655)

           Selling, General and
            Administrative Expenses       20,750    20,543    27,753    16,863
                                         -------    ------    ------    ------
             Operating Income            (20,321)  (21,041)  (27,641) (16,055)

           Less Non-recurring Charges:
             Restructuring Costs              --        --     8,186        --
             LPS Spin Related Costs           --        --        --        --
             Acceleration of
              Performance-Based Shares        --        --       799        --
                                         -------    ------    ------    ------
           EBIT, as adjusted            $(20,321) $(21,041) $(18,656)$(16,055)

           Depreciation and
            Amortization                  $2,154    $2,021    $2,003    $1,986
                                          ======     ======    ======   ======


                                                   Quarter Ended
                                                   -------------
                                           9/30/2008   6/30/2008   3/31/2008
                                           ---------   ---------   ---------

     1.  EBIT - Continuing Operations

         Consolidated
           Revenue                          $466,762    $453,347    $443,560

           Cost of Sales                     300,560     293,464     288,386

           Selling, General and
            Administrative Expenses           57,909      58,570      55,098
                                             -------      ------      ------

             Operating Income                108,293     101,313     100,076
                                                  --          --          --
           Less Non-recurring Charges (1):
             Restructuring Costs                  --       2,353          --
             LPS Spin Related Costs               --       1,960       1,003
             Acceleration of Performance-
              Based Shares                        --         138          --
                                             -------      ------      ------

           EBIT, as adjusted                $108,293    $105,764    $101,079
                                             -------      ------      ------

           EBIT Margin, as adjusted            23.2%       23.3%       22.8%
                                              ======      ======      ======

           Depreciation and Amortization     $23,800     $20,860     $23,673
                                              ======      ======      ======


         Technology, Data and Analytics

           Revenue                          $138,964    $141,744    $135,824

           Cost of Sales                      73,980      81,397      74,110

           Selling, General and
            Administrative Expenses           15,790      17,471      16,258
                                             -------      ------      ------

             Operating Income                 49,194      42,876      45,456

           Less Non-recurring Charges:
             Restructuring Costs                  --       2,178          --
             LPS Spin Related Costs               --          --          --
             Acceleration of Performance-
              Based Shares                        --          --          --
                                             -------      ------      ------

           EBIT, as adjusted                 $49,194     $45,054     $45,456

           EBIT Margin, as adjusted            35.4%       31.8%       33.5%
                                              ======      ======      ======

           Depreciation and Amortization     $15,229     $13,971     $16,015
                                              ======      ======      ======



         Loan Transaction Services

           Revenue                          $329,473    $315,314    $311,064

           Cost of Sales                     228,283     215,838     217,668

           Selling, General and
            Administrative Expenses           26,487      27,154      25,344
                                             -------      ------      ------

             Operating Income                 74,703      72,322      68,052

           Less Non-recurring Charges:
             Restructuring Costs                  --         163          --
             LPS Spin Related Costs               --          --          --
             Acceleration of Performance-
              Based Shares                        --          --          --
                                             -------      ------      ------

           EBIT, as adjusted                 $74,703     $72,485     $68,052

           EBIT Margin, as adjusted            22.7%       23.0%       21.9%
                                              ======      ======      ======

           Depreciation and Amortization      $6,651      $5,290      $6,163
                                              ======      ======      ======


         Corporate and Other

           Revenue                           $(1,675)    $(3,711)    $(3,328)

           Cost of Sales                      (1,703)     (3,771)     (3,392)

           Selling, General and
            Administrative Expenses           15,632      13,945      13,496
                                             -------      ------      ------
             Operating Income                (15,604)    (13,885)    (13,432)

           Less Non-recurring Charges:
             Restructuring Costs                  --          12          --
             LPS Spin Related Costs               --       1,960       1,003
             Acceleration of Performance-
              Based Shares                        --         138          --
                                             -------      ------      ------

           EBIT, as adjusted                $(15,604)   $(11,775)   $(12,429)
                                              ======      ======      ======

           Depreciation and Amortization      $1,920      $1,599      $1,495
                                              ======      ======      ======

    Notes:

    (1)  Non-recurring charges reflect the impact of certain expenses incurred
         including a charge taken in Q1-2009 ($9.0 million) primarily relating
         to the retirement of three members of LPS's Board of Directors, as
         well as the impact of various spin and restructuring related charges
         taken in Q1 and Q2 of 2008.


                                               Nine Months Ended September 30,
                                               -------------------------------
                                                    2009              2008
                                                    ----              ----

     2.   Net Earnings - Reconciliation

             Net Earnings                         $200,828           176,559

             Less Non-recurring Charges:
                Restructuring Costs, net
                 of tax                              5,055             1,440
                LPS Spin Related Costs,
                 net of tax                             --             1,814
                Acceleration of
                 Performance-Based
                 Shares, net of tax                    493                84
                Impact of change in tax
                 rate on non-recurring
                 items                                  --                --
                                                   -------           -------
                  Net Earnings, excluding
                   non-recurring items             206,376           179,897

             Pro Forma Interest Expense,
              net of tax (2)                            --            28,131
                                                   -------           -------

             Pro Forma Net Earnings                206,376           151,766

             Purchase Price Amortization,
              net of tax (3)                        14,261            17,936
                                                   -------           -------

             Pro Forma Adjusted Net Earnings      $220,637          $169,702
                                                    ======            ======

             Pro Forma Net Earnings Per Share        $2.15             $1.58
                                                    ======            ======

             Pro Forma Adjusted Net
              Earnings Per Share (4)                 $2.30             $1.77
                                                    ======            ======

             Pro Forma Diluted Weighted
              Average Shares (4)                    95,941            95,963
                                                    ======            ======

     3.   Cashflow - Reconciliation

             Cash Flows from Operating
              Activities:

                Net Earnings                      $200,828          $176,559

                Less Non-recurring
                 Charges:
                  Restructuring Costs,
                   net of tax                        4,304             1,440
                  LPS Spin Related Costs,
                   net of tax                           --             1,814
                  Impact of change in tax
                   rate on non-recurring
                   items                                --                --
                                                   -------           -------
                    Net Earnings,
                     excluding non-
                     recurring items               205,132           179,813
                                                   -------           -------
                Pro Forma Interest
                 Expense, net of tax                    --            28,131

                Pro Forma Adjusted Net
                 Earnings                          205,132           151,682

                Adjustments to reconcile
                 net earnings to net cash
                 provided by operating
                 activities:
                   Non-cash adjustments             92,069            93,177
                    Working capital
                     adjustments                     2,240           (22,444)
                                                   -------           -------

                      Net cash provided
                       by (used in)
                       operating
                       activities                  299,441           222,415
                                                   -------           -------

                Capital expenditures
                 included in investing
                  activities                       (67,862)          (38,342)
                                                   -------           -------

                Pro Forma Adjusted Net
                 Free Cash Flow                   $231,579          $184,073
                                                   =======           =======




                                                     Quarter Ended
                                                     -------------
                                      9/30/2009 6/30/2009 3/31/2009 12/31/2008
                                      --------- --------- --------- ----------

    2.  Net Earnings -
         Reconciliation

          Net Earnings                    $75,542   $75,240  $50,046  $54,329

          Less Non-recurring Charges:
            Restructuring Costs, net of
             tax                               --        --      5,055     --
            LPS Spin Related Costs, net
             of tax                            --        --         --     --
            Acceleration of Performance-
             Based Shares, net of tax          --        --        493     --
            Impact of change in tax rate
             on non-recurring items            --        --         --  (223)
                                           ------    ------   ------   ------
              Net Earnings, excluding
               non-recurring items         75,542    75,240   55,594   54,106

          Pro Forma Interest Expense, net
           of tax (2)                          --        --       --       --
                                           ------    ------   ------   ------

          Pro Forma Net Earnings           75,542    75,240   55,594   54,106

          Purchase Price Amortization,
           net of tax (3)                   4,698     4,572    4,991    6,815
                                           ------    ------   ------   ------

          Pro Forma Adjusted Net Earnings $80,240   $79,812  $60,585  $60,921
                                           ======    ======   ======   ======

          Pro Forma Net Earnings Per
           Share                            $0.78     $0.78    $0.58    $0.57
                                           ======    ======   ======   ======

          Pro Forma Adjusted Net Earnings
           Per Share (4)                    $0.83     $0.83    $0.64    $0.64
                                           ======    ======   ======   ======

          Pro Forma Diluted Weighted
           Average Shares (4)              96,399    96,133   95,284   95,126
                                           ======    ======   ======   ======

    3.  Cashflow - Reconciliation

          Cash Flows from Operating
           Activities:

            Net Earnings                  $75,542   $75,240  $50,046  $54,329

            Less Non-recurring Charges:
              Restructuring Costs, net of
               tax                             --        --    4,304       --
              LPS Spin Related Costs, net
               of tax                          --        --       --       --
              Impact of change in tax
               rate on non-recurring
               items                           --        --       --     (223)
                                           ------    ------   ------   ------
                 Net Earnings, excluding
                  non-recurring items       75,542    75,240   54,350   54,106

             Pro Forma Interest Expense,
              net of tax                       --        --       --       --
                                           ------    ------   ------   ------
             Pro Forma Adjusted Net
              Earnings                      75,542    75,240   54,350   54,106

             Adjustments to reconcile net
              earnings to net cash provided
              by operating activities:
                 Non-cash adjustments       32,279    31,700   28,090   30,081
                 Working capital
                  adjustments              (16,954)   21,957   (2,763)  32,158
                                            ------    ------   ------   ------
                   Net cash provided by
                    (used in) operating
                    activities              90,867   128,897   79,677  116,345
                                            ------    ------   ------   ------
             Capital expenditures included
              in investing
               activities                  (19,455)  (25,836) (22,571)(23,946)
                                            ------    ------   ------   ------
            Pro Forma Adjusted Net Free
              Cash Flow                    $71,412  $103,061  $57,106  $92,399
                                            ======    ======   ======   ======



                                                     Quarter Ended
                                                     -------------
                                          9/30/2008    6/30/2008    3/31/2008
                                          ---------    ---------    ---------

     2. Net Earnings - Reconciliation

        Net Earnings                        $51,281       $63,546      $61,732

           Less Non-recurring Charges:
             Restructuring Costs, net of
              tax                               --          1,440           --
             LPS Spin Related Costs, net
              of tax                            --          1,200          614
             Acceleration of Performance-
              Based Shares, net of tax          --             84           --
             Impact of change in tax rate
              on non-recurring items            --             --           --
                                             ------        ------       ------

               Net Earnings, excluding
                non-recurring items           51,281       66,270       62,346

           Pro Forma Interest Expense,
            net of tax (2)                        --        13,951      14,180
                                              ------        ------      ------

           Pro Forma Net Earnings             51,281       52,319       48,166

           Purchase Price Amortization,
            net of tax (3)                     6,504        5,496        5,936
                                              ------        ------      ------

           Pro Forma Adjusted Net
            Earnings                         $57,785      $57,815      $54,102
                                              ======        ======      ======
           Pro Forma Net Earnings Per
            Share                              $0.54        $0.55        $0.49
                                              ======        ======      ======
           Pro Forma Adjusted Net
            Earnings Per Share (4)             $0.61        $0.61        $0.55
                                              ======        ======      ======

           Pro Forma Diluted Weighted
            Average Shares (4)                95,223       95,070       97,597
                                              ======        ======      ======



     3.  Cashflow - Reconciliation

           Cash Flows from Operating
            Activities:

             Net Earnings                    $51,281      $63,546      $61,732

             Less Non-recurring Charges:
               Restructuring Costs, net
                of tax                            --          1,440         --
               LPS Spin Related Costs,
                net of tax                        --          1,200        614
               Impact of change in tax
                rate on non-recurring
                items                             --             --         --
                                              ------        ------      ------

                 Net Earnings, excluding
                  non-recurring items         51,281       66,186       62,346

             Pro Forma Interest Expense,
              net of tax                          --         13,951     14,180
                                              ------        ------      ------


             Pro Forma Adjusted Net
              Earnings                        51,281       52,235       48,166

             Adjustments to reconcile net
              earnings to net cash provided
              by operating activities:
                 Non-cash adjustments         32,420       18,262       42,495
                 Working capital
                  adjustments                 26,908      (91,474)      42,122
                                              ------        ------      ------

                   Net cash provided by
                    (used in) operating
                    activities               110,609      (20,977)     132,783
                                              ------        ------      ------

             Capital expenditures
              included in investing
              activities                     (13,205)     (14,344)    (10,793)
                                              ------        ------      ------

             Pro Forma Adjusted Net Free
              Cash Flow                      $97,404     $(35,321)    $121,990
                                              ======      =======       ======



    Notes:

    (2)  Pro forma interest expense for each of the two quarters in the period
         ended June 30, 2008 represents the interest expense associated with
         the $1,610.7 million in debt incurred by us in connection with the
         spin-off assuming the spin-off occurred on January 1, 2007. Our new
         bank debt bears interest at a floating rate which we estimate would
         have been 4.96% on the revolving credit agreement, Term Loan A and
         Term Loan B based on the one month LIBOR rate on June 30, 2008
         (2.46%) plus a spread of 2.5%. Our new senior notes bear interest at
         a fixed rate of 8.125%. Amortization of capitalized debt issuance
         costs in connection with the borrowings included in pro forma
         interest expense total approximately $2.7 million for the six months
         ended June 30, 2008. These projections also reflect principal
         paydowns of approximately $36.3 million ($35 million of Term Loan A,
         $1.3 million of Term Loan B) per quarter under the credit agreement
         (other than in the first quarter after closing, in which only
         $1.3 million is payable) and the paydown of the revolver of
         $25.7 million during the first quarter of 2007.

    (3)  Purchase price amortization, net of tax represents the periodic
         amortization of intangible assets acquired through business
         acquisitions primarily relating to customer lists, trademarks and
         non-compete agreements.

    (4)  Pro forma earnings per share and pro forma diluted weighted average
         shares for the quarter ended June 30, 2008 are provided based on the
         94,611 shares of Lender Processing Services, Inc. common stock issued
         to FIS shareholders on the July 2, 2008 spin date along with dilutive
         common stock equivalents calculated under the treasury stock method
         using the $33 per share closing price of LPS on July 2, 2008 as the
         average market price and the number of LPS options and awards issued
         to our employees per the terms of the spin-off. Pro forma earnings
         per share and pro forma diluted weighted average shares for all other
         periods presented above are based on the pro forma diluted shares as
         included in the Company's Form 10 filed on June 20, 2008.

SOURCE Lender Processing Services, Inc.

Investors: Parag Bhansali, +1-904-854-8640; or Media: Michelle Kersch, +1-904-854-5043

Fidelity National Information Services (FIS) spun off its Lender Processing Services business segment into an independent, publicly traded company of the same name - Lender Processing Services, Inc. (LPS) occurring on July 1 to July 3, 2008. All press releases prior to July 1, will reflect the FIS company name.