Blackbaud Announces Impairment Charge Related to EVERFI Assets
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Blackbaud has announced a significant pre-tax noncash impairment charge of up to $415 million related to its EVERFI asset group, to be recorded in Q4 2024.
December 12, 2024 | 9:45 pm
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Blackbaud is set to record a substantial impairment charge of up to $415 million for its EVERFI assets in Q4 2024, indicating potential financial challenges.
The announcement of a $415 million impairment charge is a significant financial event for Blackbaud, suggesting potential issues with the EVERFI asset group. This could negatively impact investor sentiment and the stock price in the short term.
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