Blackbaud narrows EVERFI impairment charge range to $385M-$395M, down from $415M

BLACKBAUD INC

Pre-tax noncash impairment charge estimated between $385M and $395M for EVERFI asset group.
Original 8-K on Dec 12, 2024 had estimated charge up to $415M; revised range is lower.
EVERFI business sold effective Dec 31, 2024, announced Jan 2, 2025.
No future cash expenditures from the impairment charge.
Full details to be in Form 10-K for year ended Dec 31, 2024.

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