Loading...
•
Sep 30, 2024
Alight Q3 2024 Earnings Report
Alight's Q3 2024 results exceeded expectations with strong revenue and profitability, driven by momentum in go-to-market strategy and stronger cash flow, enabling the initiation of a quarterly dividend program.
Key Takeaways
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.
Revenue decreased slightly by 0.4% to $555 million.
BPaaS revenue increased by 18.6% to $121 million, representing 21.8% of total revenue.
Gross profit increased to $174 million with a margin of 31.4%.
The company repurchased $75 million of common stock.
Revenue by Segment
Forward Guidance
The Company's fourth quarter of 2024 outlook includes Revenue of $665 million to $685 million, BPaaS Revenue of $144 to $154 million, Adjusted EBITDA of $208 million to $233 million, Adjusted EBITDA margin range of 30.4% to 35.0%, Adjusted diluted EPS of $0.22 to $0.27, and Operating Cash Flow Conversion adjusted for separation costs of approximately 60%.
Positive Outlook
- Revenue of $665 million to $685 million.
- BPaaS Revenue of $144 to $154 million.
- Adjusted EBITDA of $208 million to $233 million.
- Adjusted EBITDA margin range of 30.4% to 35.0%.
- Adjusted diluted EPS of $0.22 to $0.27.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...