Blackbaud Flags up to $415 Million Impairment Charge Related to EVERFI Assets in Q4

MT Newswires Live

2024/12/13

Blackbaud (BLKB) said late Thursday it will record a pretax noncash impairment charge of up to $415 million related to its EVERFI asset group in Q4.

The company is considering various alternatives for the EVERFI business, including a potential sale, citing below-expectation performance. "The impairment charge was determined to be necessary as part of this process," Blackbaud said.

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