Blackstone Inc. (BX, Financial) has announced updates to its segment organizational structure, effective from the quarter ended June 30, 2024. These changes have been detailed in a recent Form 8-K filing with the U.S. Securities and Exchange Commission (SEC). The updates involve the reclassification of certain segments, specifically GP Stakes and Harvest, which were previously part of Blackstone's Multi-Asset Investing and Credit & Insurance segments, respectively.
The company has retrospectively recast its historical segment reporting financial information to align with these organizational changes. This update affects all periods covered in Blackstone's Annual Report for the year ended December 31, 2023, and its Quarterly Report for the quarter ended March 31, 2024. However, it is important to note that this Current Report on Form 8-K does not reclassify or restate Blackstone's previously reported consolidated financial statements for any period.
Blackstone emphasizes that the information provided in this Form 8-K should be read in conjunction with its previously filed reports, and it does not reflect any events occurring after the respective filing dates of these reports. The company has also stated that it undertakes no obligation to publicly update or review any forward-looking statements as a result of new information or future developments.
Should you invest in Blackstone Inc (BX, Financial) right now? Before you do it, it’s important to understand the business profitability and stock valuations, and find out what the warning signs are about. See the in-depth Blackstone Inc (BX) stock research here.
