secwatch.observer — SEC 8-K summary
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Issuer:     CLARIVATE PLC (CLVT)
CIK:        0001764046
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001764046-24-000098
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarivate Q2 2024 revenue down 2.8%, adjusted EPS $0.20, reaffirms FY outlook
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- Revenues $650.3M, down 2.8% YoY; organic revenue declined 0.6% with subscription growth offset by transactional/other.
- Net loss $304.3M vs $123.1M loss a year ago; adjusted diluted EPS $0.20, down 4.8% or $0.01.
- Adjusted EBITDA $274.4M (42.2% margin), down 3.7%; free cash flow $60.3M, down 42.5%.
- Reaffirmed FY2024 outlook: revenue $620-640M, adjusted EBITDA $72-76M, free cash flow $45-55M.
- Total debt decreased $53.1M to $4,717.2M since Dec 31, 2023, driven by accelerated repayment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1764046/000176404624000098/0001764046-24-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1764046/000176404624000098/clvt-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001764046-24-000098

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