Alight

Alight, Inc. engages in the provision of cloud-based integrated digital human capital and business solutions. The company is headquartered in Lincolnshire, IL.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Alight exceeds Q4 expectations, eyes growth through transformative deals

Alight's strong performance in Q4 and full-year results, along with transformative deals, position the company for continued growth and market leadership.
While facing challenges in economic uncertainties and operational execution, Alight's focus on investments and cost savings presents opportunities for future success.
The company's strategic initiatives, financial outlook, and commitment to innovation underscore its resilience and potential for sustained performance.
With a solid financial foundation and growth prospects, Alight is poised to navigate challenges and capitalize on opportunities for long-term success.

Alight reports strong Q1 earnings, eyes international growth opportunities

Alight's Q1 2023 showcased robust performance, driven by strong BPaaS bookings and revenue growth. The company remains focused on achieving its financial targets, navigating macro uncertainties, and exploring growth opportunities.

Alight reports strong Q2 performance and strategic growth opportunities

Alight's Q2 2023 Earnings Call highlighted robust financial performance, strategic investments, and a resilient book of business, reaffirming 2023 guidance.
Challenges include addressing analyst queries on bookings, pricing strategy, and software integration, while opportunities lie in market expansion and innovation.
The company's focus on simplicity, technology investments, and client value proposition position it well for sustained growth and success in the competitive landscape.

Alight (ALIT) reports robust Q3 performance and focuses on user experience and AI-driven outcomes

Alight's Q3 2023 showcased strong financial performance, client wins, and a focus on user experience and cost savings through AI features.
The company's restructuring program aims for significant cost savings by 2024, while maintaining confidence in future growth with reaffirmed guidance.
Challenges include margin maintenance, effective restructuring, and macroeconomic factors, but opportunities in AI, user experience, and market expansion are promising.

Alight (ALIT) reports Q4 revenue growth, reaffirms 2024 outlook

Alight's Q4 2023 performance saw revenue growth but fell short of expectations due to a specific client impact.
The company's focus on technology transformation, strong bookings, and strategic partnerships positions it for growth.
Challenges include revenue shortfalls from specific clients and the need for margin improvement and operational efficiencies.

Alight anticipates growth post-sale, focuses on innovation and profitability

Alight's Q1 performance showed resilience with flat revenues but strong growth in BPaaS solutions and improved cash flow conversion. Strategic initiatives post-transaction aim to enhance profitability and margin uplift.
The company's strengths lie in closing significant BPaaS deals, focusing on innovation through partnerships and AI, and driving larger enterprise deals. Challenges include financial impacts and the need for seamless leadership transitions.
Opportunities for Alight include revenue and BPaaS growth, leveraging AI for client value, and capitalizing on its engagement platform's advantages. Maintaining operational efficiency and successful post-transaction execution are key focus areas.

Alight reports robust Q2 performance, eyes growth amidst revenue challenges

Alight's Q2 2024 showcased strong financial performance and operational achievements.
While facing revenue challenges, the company is poised for growth with margin expansion opportunities.
Analysts' inquiries highlighted areas for improvement and strategic focus.
Succession planning and leadership transition are key areas of attention for future growth.

Alight (ALIT) reports strong Q3 results, raises guidance amid key client wins

Alight's Q3 performance underscores its commitment to driving profitable growth and enhancing client experience. By leveraging its market position, technology, and key client wins, the company aims to maintain its growth momentum and operational efficiency post-cloud migration.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight and CirrusMD announced a strategic agreement to offer a chat-enabled, physician-led, virtual care solution on the Alight Worklife platform.

Alight and CirrusMD team up to deliver physician-led virtual primary care on Alight Worklife®

Beijing's antidumping probe into brandy imported from the EU shows why Europe is in a weak position to protect its electric-vehicle market.

Cognac Sets the EV Trade War Alight

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today announced that it has named Siobhan Nolan Mangini to its Board of Directors, effective January 1, 2024. Ms. Nolan Mangini brings over two decades of healthcare experience to Alight, most recently serving as President and CFO of NGM Biopharmaceuticals, Inc., a clinical-stage biopharmaceutical company specializing in therapies for immuno-oncology, cardiometab.

Alight Names Siobhan Nolan Mangini to Board of Directors

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital and technology services provider, today announced it has received a Leader designation in Everest Group's Multi-Process Human Resources Outsourcing (MPHRO) Services PEAK Matrix® Assessment 2023. This is the sixth consecutive year Alight has received this designation. Everest Group's annual report analyzes the evolving MPHRO industry and highlights the key capabilities and attributes of service pr.

Alight named a Leader in Everest Group's Multi-Process HRO (MPHRO) Services 2023 PEAK Matrix® Assessment

Despite missing Wall Street's sales target, Alight handily beat earnings expectations in Q3. The company also raised its full-year earnings outlook.

Why Alight Stock Is Jumping Today

Alight, Inc. (NYSE:ALIT ) Q3 2023 Earnings Conference Call November 1, 2023 8:30 AM ET Company Participants Stephan Scholl - Chef Executive Officer Katie Rooney - Global CFO, COO Jeremy Heaton - Operating CFO Jeremy Cohen - Head of Investor Relations Conference Call Participants Scott Schoenhaus - KeyBanc Capital Markets Pete Heckmann - DA Davidson Tien-tsin Huang - J.P. Morgan Kyle Peterson - Needham and Company Pete Christiansen - Citi Emily Marzo - Bank of America Operator Good morning, and thank you for holding.

Alight, Inc. (ALIT) Q3 2023 Earnings Call Transcript

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the third quarter ended September 30, 2023. “Alight delivered high single-digit revenue growth and double-digit profitability expansion as our successful transformation into a platform company is enabling consistent and durable financial performance,” said Chief Executive Officer Stephan Scholl. “With the platform a.

Alight Reports Third Quarter Results

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight (NYSE: ALIT or the “Company”) today announced it will release third quarter 2023 earnings results before market open on Wednesday, November 1, 2023, and management will subsequently discuss the results on a webcast at 8:30 a.m. ET. The webcast and a presentation of financial information will be publicly available at Events & Presentations. A replay of the call will be available on the Company website, and through Wednesday November 15, 2023 by dia.

Alight to Release Third Quarter 2023 Results

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight Employee Onboarding helps employers create a comprehensive employee experience from pre-hire to onboarding.

Alight introduces Alight Employee Onboarding to enhance the new hire experience

Johnson Controls

Mesa Air Group Inc.

MasTec

Stanley Black & Decker

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Top 5 Industrials Stocks That May Explode In October - Johnson Controls Intl (NYSE:JCI), Alight (NYSE:ALIT)

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight and Socially Determined help employers provide personalized employee support with predictive metrics focused on social determinants of health.

Alight and Socially Determined Sign a Multi-year Agreement to Transform Employee Wellbeing Through Comprehensive Social Risk Data and Analytics

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--The 2023 Alight International Workforce and Wellbeing Mindset Study examines employee perceptions around wellbeing, culture and total rewards.

Alight Study Reveals Employee Wellbeing Has Plateaued and Trust in Employer Efforts Has Eroded

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight announced its LeavePro software has added new capabilities to automate key processes included in client onboarding.

Alight Enhances LeavePro Enterprise Software With New Automation Capabilities for a Better, Faster Client Experience

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight (NYSE: ALIT or the “Company”), a leading cloud-based human capital technology and services provider, today announced that Operating Chief Financial Officer Jeremy Heaton will attend the Citi Global Technology Conference on September 6, 2023. The Company's presentation at the Citi conference will be hosted at 1:45 p.m. ET and a live webcast will be available here. About Alight Solutions Alight is a leading cloud-based human capital technology and servi.

Alight to Participate in the Citi Global Technology Conference

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight, Inc. (“Alight”) (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today announced the closing of the underwritten secondary public offering (the “offering”) of 22,500,000 shares of Alight's Class A common stock, par value $0.0001 per share (“Class A Common Stock”), by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte. Ltd. and Platinum Falcon B 2018 RSC Ltd. (collectively, the “Selling Stockholders”.

Alight Announces Closing of Secondary Offering

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight, Inc. (“Alight”) (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today announced the commencement of an underwritten secondary public offering of up to 22,500,000 shares of Alight's Class A common stock by certain funds affiliated with Blackstone Inc., Jasmine Ventures Pte. Ltd., Platinum Falcon B 2018 RSC Ltd. (collectively, the “Selling Stockholders”) and pursuant to a registration statement filed with the Securit.

Alight Announces Secondary Offering

I reiterate a buy, with expectations of continued growth and a recent dip in ALIT's share price. Key operating metrics like revenue and EBITDA continue to stay on the right track of expansion. 2Q23 results were positive, with revenue and recurring revenue exceeding expectations, and management maintaining most of its FY23 guidance.

Alight: Weak BPaaS Guide Is Not A Big Issue, Reiterate Buy

Alight, Inc. (NYSE:ALIT ) Q2 2023 Earnings Conference Call August 1, 2023 5:00 PM ET Company Participants Jeremy Cohen - VP, IR Stephan Scholl - CEO Katie Rooney - CFO Conference Call Participants Kyle Peterson - Needham & Company Kevin McVeigh - Credit Suisse Tien-tsin Huang - J.P. Morgan Pete Heckmann - D.A.

Alight, Inc. (ALIT) Q2 2023 Earnings Call Transcript

Alight, Inc. (ALIT) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.12 per share a year ago.

Alight, Inc. (ALIT) Surpasses Q2 Earnings and Revenue Estimates

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today reported results for the second quarter ended June 30, 2023. “Alight delivered strong financial performance in the second quarter with double digit growth across revenue, profitability and operating cash flow,” said Chief Executive Officer Stephan Scholl. “Our transformational progress and stable core business enrich our long-term visib.

Alight Reports Second Quarter Results

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--The second release of Alight Worklife for 2023 introduces capabilities and experience enhancements to boost employee wellbeing and employer outcomes.

Alight Expands Engagement Experience With Latest Release of Alight Worklife®

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight (NYSE: ALIT or the “Company”) today announced it will release second quarter 2023 earnings results after market close on Tuesday, August 1, 2023, and management will subsequently discuss the results on a webcast at 5:00 p.m. ET. The webcast and a presentation of financial information will be publicly available at Events & Presentations. A replay of the call will be available on the Company website, and through Tuesday August 15, 2023 by dialing 1-.

Alight to Release Second Quarter 2023 Results

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--The findings of the 2023 Alight Global Payroll Complexity Index show countries with most complicated payroll processes.

Alight Publishes Study Revealing European Nations are Challenged by Complicated Payroll Processes

I upgrade my recommendation on ALIT from hold to buy, given my optimism in the company's mid-term growth prospects. I expect growth and earnings to be driven by BPaaS rollout and adoption. I expect the market to start valuing ALIT based on more forward looking numbers (FY25) as we gradually move past FY23.

Alight: Turning Positive On The Stock Given The Updated Outlook (Rating Upgrade)

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Building on existing provider search capabilities, Alight's technology delivers a new experience that brings quality and cost transparency.

News for Alight Stock (ALIT)