Fiserv Expects To Record Non-cash Impairment Of Carrying Value Of Equity Method Investment In Wells Fargo Merchant Services JV In Q3; Does Not Expect Impairment To Impact 2024 Adjusted EPS - Filing
Fiserv Expects To Record Non-cash Impairment Of Carrying Value Of Equity Method Investment In Wells Fargo Merchant Services JV In Q3; Does Not Expect Impairment To Impact 2024 Adjusted EPS - Filing
The Company estimates the impairment charge to be in the range of $400 million to $600 million. The Company does not expect the impairment to impact the Company's 2024 adjusted earnings per share because it is a non-cash impairment charge.WFMS is a joint venture that is owned 40% by a wholly owned subsidiary of the Company and 60% by Wells Fargo Bank.
WFMS是由公司的全資子公司持有40%，富國銀行持有60%的合資創業公司。
The Company acquired its 40% ownership in WFMS through its 2019 merger with First Data Corporation. The joint venture is expected to expire on April 1, 2025.
公司通過其2019年與First Data Corporation的合併收購了WFMS 40%的所有權。該合資創業公司預計將於2025年4月1日到期。
Upon expiration, the Company expects to receive a cash payment or assets equal to the value of its share of the joint venture, as determined in accordance with an agreed upon contractual valuation and separation process.
到期後，公司預計將根據約定的合同估值和分離程序，獲得等於其合資創業公司份額價值的現金支付或資產。
The Company estimates the impairment charge to be in the range of $400 million to $600 million. The Company does not expect the impairment to impact the Company's 2024 adjusted earnings per share because it is a non-cash impairment charge.
公司預計減值損失將在40000萬美元至60000萬美元的範圍內。公司預計減值損失不會影響公司2024年調整後每股收益，因爲這是一項非現金減值損失。
In addition, the Company does not expect to change its previously communicated medium-term performance outlook for 2025 and 2026 for organic revenue growth of 9-12% or adjusted earnings per share growth of 14-18% as a result of the expiration of the joint venture.
此外，公司預計2025年和2026年有機營收增長率爲9-12%或調整後每股收益增長率爲14-18%，不會因合資創業公司到期而改變其此前公佈的中期業績展望。
譯文內容由第三人軟體翻譯。