CHARLOTTE, N.C., Feb. 25, 2014 (GLOBE NEWSWIRE) -- Swisher Hygiene Inc. ("Swisher") (Nasdaq:SWSH) (TSX:SWI), a leading provider of essential hygiene and sanitizing solutions, announced today that it expects to timely file its 2013 Form 10-K and release fourth quarter and full year 2013 results by March 17, 2014. As part of filing its Form 10-K, Swisher is performing its goodwill impairment analysis and expects to record a material, non-cash goodwill impairment charge in the fourth quarter of 2013. Swisher is in the process of quantifying and finalizing the expected impairment, but it is anticipated to include all or a substantial amount of the goodwill on Swisher's consolidated balance sheet, which totaled $101.5 million as of September 30, 2013. The expected impairment will neither affect Swisher's liquidity or cash flows, nor impact Swisher's future operations.
As noted in a press release last week, Swisher will be presenting at the Robert W. Baird 2014 Business Solutions Conference today at 3:00 PM Eastern Time where it will provide an update on current operating trends. Investors and interested parties may listen to the webcast of the presentation by visiting Swisher's website at www.swsh.com under the "Investors" section at the appropriate time.
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