Alight Earnings Reports

Alight's Q4 2024 revenue declined slightly by 0.3% to $680 million. However, net income turned positive at $29 million compared to a $121 million loss in the prior year period. Adjusted EBITDA increased to $217 million from $206 million, and adjusted EPS improved to $0.24 from $0.13. The company repurchased $12 million in stock and paid a $0.04 per share dividend.

Alight's Q3 2024 revenue reached $555 million. BPaaS revenue grew by 18.6% to $121 million. The company initiated a quarterly dividend program and repurchased $75 million of common stock.

Alight reported a decrease in revenue by 4.1% to $538 million, while BPaaS revenue increased by 12.7% to $115 million. The company experienced a net loss of $4 million and an adjusted EBITDA of $105 million. Alight repurchased $80 million of common stock and announced a CEO succession plan.

Alight, Inc. reported a decrease in revenue but growth in BPaaS revenue for the first quarter ended March 31, 2024. The company announced an agreement to sell its Payroll and Professional Services business and is nearing completion of its cloud migration project.

Alight, Inc. reported a 1.9% increase in revenue for Q4 2023, reaching $960 million. BPaaS revenue grew by 29.8% to $222 million. The company's gross profit was $369 million, and adjusted EBITDA grew by 11.6% to $270 million. A strategic portfolio review has been authorized to accelerate the platform and wellbeing strategy.

Alight reported an 8.4% increase in revenue to $813 million, driven by Employer Solutions and Professional Services. BPaaS bookings grew by 26% to $262 million. The company reaffirmed its 2023 and mid-term guidance.

Alight reported a strong second quarter with a 12.7% increase in revenue, driven by Employer Solutions. The company's transformational progress and stable core business provide long-term visibility, with over 90% of 2023 revenue under contract and $2.5 billion of backlog for 2024.

Alight achieved a key milestone in the first quarter surpassing $1.5 billion in cumulative BPaaS bookings, nine months earlier than original projections. The company reaffirmed its full-year 2023 financial guidance, expecting double-digit growth, margin expansion, and improved operating cash flow conversion.

Alight reported a 9.0% increase in revenue to $942 million for Q4 2022, driven by growth in Employer Solutions and BPaaS. The company's BPaaS bookings increased significantly, and Adjusted EBITDA also saw a substantial rise.

Alight reported an 8.7% increase in revenue to $750 million, driven by Employer Solutions. BPaaS revenue grew by 55.7%. The company incurred a net loss of $45 million compared to a net loss of $120 million in the prior year. The company is reaffirming its full-year 2022 outlook.

Alight reported a 6.4% increase in revenue to $715 million, driven by a 7.9% growth in Employer Solutions revenue and a 36.2% surge in BPaaS revenue. Net income rose to $52 million, a significant improvement from the prior year's net loss. The company is focused on expanding its Alight Worklife platform and securing new client wins, while reiterating its full-year 2022 outlook and authorizing a $100 million stock repurchase program.

Alight reported a 5.2% increase in revenue to $725 million and an improved net loss of $(13) million. BPaaS revenue grew by 22.6% to $114 million, and BPaaS bookings more than tripled to $122 million. The company is reiterating its 2022 revenue and Adjusted EBITDA outlook and 2023 10% revenue growth target.

Alight reported a 20.0% increase in revenue to $864 million and an adjusted EBITDA increase of 28.4% to $190 million for the fourth quarter of 2021. Net income improved to $72 million from a loss of $(18) million in the prior year period. The company also provided a 2022 revenue outlook of $3.09 to $3.12 billion and an EBITDA outlook of $650 to $662 million.

Alight reported a 3.3% increase in total revenue to $690 million, driven by a 5.0% increase in Employer Solutions revenue. BPaaS revenue grew by 19.8% to $97 million. The company reported a net loss of $120 million, mainly due to non-cash expenses related to the FTAC merger. Alight is raising its full-year outlook for the second time.