BLACKBAUD INC (BLKB): restructuring charge — 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.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

BLACKBAUD INC announced a impairment with charges of between $385 million and $395 million affecting EVERFI asset group.

Type: impairment
Charge: between $385 million and $395 million
Affected area: EVERFI asset group

Exact text from the filing

On February 6, 2025, the Company determined that the estimated pre-tax noncash impairment charge related to its EVERFI asset group is expected to be between $385 million and $395 million

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BLACKBAUD INC filing history →

Source: SEC EDGAR

accession 0001280058-25-000005

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