secwatch.observer — SEC 8-K summary
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Issuer:     CLARIVATE PLC (CLVT)
CIK:        0001764046
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001764046-24-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarivate Q4 net loss $863M on $845M impairment; adj EPS $0.23 +4.5%
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- Q4 revenues $683.7M +1.2% YoY; organic revenue growth 0.1%.
- Net loss attributable to ordinary shares $863M due to $844.7M non-cash goodwill impairment; diluted EPS loss $1.30.
- Adjusted EBITDA $298.2M (43.6% margin), adj net income $163.4M, adj diluted EPS $0.23 +4.5%.
- FY 2023 free cash flow $501.7M +63.7%; total debt reduced $301M to $4,770.3M.
- CEO launches multi-year transformation plan to accelerate organic growth; plans to divest non-core assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1764046/000176404624000015/0001764046-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1764046/000176404624000015/clvt-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001764046-24-000015

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