Summary
Automatic Data Processing, Inc. (ADP) filed an 8-K on February 15, 2006, to report updated financial results for prior periods. The key change is the reclassification of its Claims Services business as a discontinued operation. This adjustment will impact how investors view the company's ongoing performance and profitability by separating the results of this divested segment from the core continuing operations. Investors should note that this filing provides updated historical data reflecting this change. While the 8-K itself doesn't provide new forward-looking guidance or commentary beyond the reclassification, it's a crucial update for understanding ADP's financial structure and the performance attributable to its continuing businesses. The company has made this information available on its investor relations website.
Key Highlights
- 1ADP has reclassified its Claims Services business as a discontinued operation.
- 2This reclassification affects financial results for certain prior periods.
- 3The updated financial results were posted on ADP's investor relations website on February 15, 2006.
- 4The purpose is to present a clearer view of the company's continuing operations.
- 5Exhibit 99.1 contains the furnished website posting of the updated financial results.