NYSE$ALIT
Alight Solutions Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Alight's Q2 2024 results were reported with revenue decrease, BPaaS revenue increase, and strategic milestones achieved.
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.
Headline financials
Revenue & EPS history
Alight · Revenue · Quarterly
$538M
Revenue by segment
Alight · $179M total across 1 segment · Q2 2023
- BPaaS Revenue$179M+39.8%100.0%
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.
Tailwinds
- 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.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-1.5%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-3.2%
Avg return
30 days after
57%
13 / 23 earnings
Positive
+12.9%
Q3 2024
Best reaction
-39.4%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.7% | +14.7% | -9.4% | |
| Q4 2025 | -39.4% | -41.4% | -47.9% | |
| Q3 2025 | -7.1% | -15.9% | -24.4% | |
| Q1 2025 | +7.1% | +12.6% | +4.4% | |
| Q4 2024 | +3.7% | +4.3% | -9.3% | |
| Q3 2024 | +12.9% | +3.6% | -3.4% | |
| Q2 2024 | -1.6% | -0.3% | +4.2% | |
| Q1 2024 | -17.2% | -19.9% | -19.3% | |
| Q4 2023 | -6.9% | -3.8% | +3.7% | |
| Q3 2023 | +10.7% | +7.8% | +19.7% | |
| Q2 2023 | -12.6% | -13.3% | -21.9% | |
| Q1 2023 | -5.6% | -8.6% | -0.6% | |
| Q4 2022 | +4.5% | +2.7% | -9.2% | |
| Q3 2022 | +11.9% | +20.5% | +14.8% | |
| Q2 2022 | +4.4% | +8.9% | +1.6% | |
| Q1 2022 | -8.9% | -0.6% | +4.3% | |
| Q4 2021 | +0.3% | +3.4% | -0.6% | |
| Q3 2021 | +6.1% | -0.4% | -6.5% | |
| Q2 2021 | +7.1% | +1.6% | +25.0% | |
| Q1 2021 | +1.5% | +3.1% | +0.2% | |
| Q4 2020 | +0.3% | -4.2% | -2.2% | |
| Q3 2020 | +1.5% | +0.5% | +3.2% | |
| Q2 2020 | -0.9% | +1.2% | -0.9% | |
| Q1 2020 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q4 2017 | — | — | — |
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