CoreLogic third quarter revenues totaled $386.4 million compared with $367.5 million in the same 2014 period and $386.0 million in the second quarter of 2015. The year-over-year increase of 5% (7% on a constant-currency basis) was driven primarily by growth in property, insurance, international and underwriting solutions which was partially offset by adverse foreign currency translation impacts and lower project-related volumes.
TPS revenues increased 11% year-over-year to $218.3 million driven primarily by increased market share in the Company’s underwriting solutions units.
D&A revenues aggregated $170.5 million in 2015, down 2% (plus 3% on a constant-currency basis) from the prior year as higher insurance, spatial solutions and international revenues were more than offset by the impact of unfavorable currency translation ($7.8 million) and lower core property and capital markets revenues attributable to the termination of several data supply and reseller agreements and the exit of a number of capital markets clients from the residential mortgage backed security (RMBS) market.
Operating income from continuing operations totaled $65.9 million for the third quarter compared with $77.8 million for the third quarter of 2014 and $60.7 million for the second quarter of 2015. Third quarter 2014 operating income included $13.9 million attributable to a non-recurring gain on sale of real estate assets. Operating income increased approximately 3% excluding the impact of the 2014 gain. Improved operating income performance resulted primarily from revenue growth and the benefits of cost management programs which were partially offset by increased investment levels in technology, compliance and process enhancements and currency translation impacts. Third quarter 2015 operating income margin was 17%, up from 16% in the second quarter of 2015 and down from 21% (380 basis points attributable to the gain discussed previously) in 2014.
Third quarter net income from continuing operations totaled $28.3 million compared with $49.7 million in 2014. The $21.4 million year-over-year decrease was driven primarily by increased tax provisions, non-recurring gains recognized in the third quarter of 2014 which had no 2015 counterpart and currency translation impacts. Diluted EPS from continuing operations totaled $0.31 for the third quarter of 2015 compared with $0.54 in the third quarter of 2014. Adjusted diluted EPS totaled $0.54, up 10% reflecting the positive impacts of revenue growth, cost containment and share repurchases.
Adjusted EBITDA totaled $116.4 million in third quarter 2015 compared with $113.4 million in the same prior year period and $117.8 million for the second quarter of 2015.
Third quarter 2015 adjusted EBITDA margin was 30%, in-line with 2014 levels. The 3% increase (5% on a constant-currency basis) in adjusted EBITDA was principally the result of revenue growth, operating leverage in our underwriting solutions businesses and the benefit of cost containment programs. TPS adjusted EBITDA increased 23% to $72.3 million as operating leverage and cost management benefits drove improved results. D&A adjusted EBITDA declined 13% to $53.5 millionas improved results from insurance and spatial solutions businesses were more than offset by unfavorable currency translation ($2.6 million) and previously-announced investments in product and service development, technology platforms, compliance infrastructure, and data monetization initiatives.