secwatch.observer — SEC 8-K summary
======================================

Issuer:     CLARIVATE PLC (CLVT)
CIK:        0001764046
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001764046-23-000069
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarivate Q1 revenue $629M (-5% YoY); adj. EPS $0.18; CRO departs; reaffirms FY outlook
--------------------------------------------------------------------------------

- Revenue $629.1M (-5% YoY; -3.1% constant currency); organic revenue -0.2% due to MarkMonitor divestiture and FX.
- Net income attributable to ordinary shares $24.7M ($0.04 diluted EPS); adjusted net income $130.9M ($0.18 adjusted diluted EPS).
- Cash flow strong: net operating cash $227.5M, free cash flow $168.2M; debt repayment accelerated by $125M.
- Reaffirmed full-year 2023 outlook; Web of Science subscription growth inflection noted.
- Chief Revenue Officer Steen Lomholt-Thomsen to depart July 1, 2023; will stay as advisor through Dec 31, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1764046/000176404623000069/0001764046-23-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1764046/000176404623000069/clvt-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001764046-23-000069

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer