Alight Q2 2024 Earnings Report
Key Takeaways
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.
Revenue decreased by 4.1% to $538 million.
BPaaS revenue grew by 12.7% to $115 million, representing 21.4% of total revenue.
Net loss was $4 million, compared to a net loss of $72 million in the prior year period.
The company repurchased $80 million of common stock.
Alight
Alight
Alight Revenue by Segment
Forward Guidance
Alight expects revenue between $1.207 billion and $1.232 billion, BPaaS revenue between $265 million and $275 million, adjusted EBITDA between $326 million and $351 million, adjusted diluted EPS between $0.31 and $0.36, and an operating cash flow conversion rate of 55-65% for the second half of 2024.
Positive Outlook
- Revenue of $1.207 billion to $1.232 billion.
- BPaaS Revenue of $265 to $275 million.
- Adjusted EBITDA of $326 million to $351 million.
- Adjusted EBITDA margin range of 26.5% to 29.1%.
- Adjusted diluted EPS of $0.31 to $0.36.
Revenue & Expenses
Visualization of income flow from segment revenue to net income