Alight Inc
ALIT
ISIN US01626W1018 / Valor 112420007
Alight Inc
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About company
Alight Inc. is a global provider of human capital solutions, serving over 4,300 clients, including 70% of the Fortune 100 companies, across more than 100 countries. With a workforce of over 16,000 employees distributed in more than 50 delivery centers worldwide, Alight specializes in benefits administration, payroll, and HR services, leveraging data and technology to connect work and life for employees and employers. The company aims to empower confident decision-making through the application of AI, offering insights for better outcomes in healthcare, financial decisions, and overall well-being. Alight's recent activities include the sale of its Payroll and Professional Services business for up to $1.2 billion to an affiliate of H.I.G. Capital, and the enhancement of its Alight Worklife® platform with AI-driven support and integrated leave management, reflecting its commitment to improving the employee experience and operational efficiency for its clients.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (30.12.2024):
Revenue and Profitability
In the third quarter of 2024, Alight Inc. reported a slight decrease in revenue by 0.4% to $555 million compared to the same period in 2023. Despite this, the company achieved a gross profit of $174 million, representing a gross profit margin of 31.4%, which is an improvement from the previous year's margin of 29.8%. This increase in profitability was primarily driven by productivity savings.
Net Loss and Earnings
Alight Inc. recorded a net loss of $44 million for the third quarter of 2024, which is a slight increase from the $40 million net loss in the prior year period. The diluted earnings per share were reported at $(0.08), showing a minor improvement from $(0.09) in the third quarter of 2023. Adjusted diluted earnings per share remained consistent at $0.09.
Business Process as a Service (BPaaS) Growth
The company's Business Process as a Service (BPaaS) segment experienced significant growth, with revenue increasing by 18.6% to $121 million. This segment now accounts for 21.8% of Alight Inc.'s total revenue, highlighting its growing importance within the company's overall business strategy.
Quarterly Dividend Program
Alight Inc. announced the initiation of a quarterly dividend program, with the Board of Directors declaring a cash dividend of $0.04 per share. This dividend is scheduled to be paid on December 16, 2024, to all stockholders of record as of December 2, 2024. The company intends to continue this program, subject to market conditions and board approval.
Fourth Quarter 2024 Outlook
For the fourth quarter of 2024, Alight Inc. projects revenue between $665 million and $685 million, with BPaaS revenue expected to range from $144 million to $154 million. The company anticipates an adjusted EBITDA of $208 million to $233 million, with an adjusted EBITDA margin between 30.4% and 35.0%. Adjusted diluted EPS is forecasted to be between $0.22 and $0.27.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3642 M
Market cap (USD)
6,856,275
Daily traded volume (Shares)
6.88 / 6.72
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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P/E ratio
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EPS (USD)
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Ratings & reviews
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