Alight Inc (ALIT) Q3 2024 Earnings Call Highlights: Strategic Wins and Raised Revenue Guidance ... [Yahoo! Finance]
Alight, Inc. Class A (ALIT)
Company Research
Source: Yahoo! Finance
Non-Recurring Project Revenue: Down $2 million or roughly 4%. BPaaS Solutions Growth: Up nearly 19%, representing 22% of total revenue. Adjusted EBITDA: $118 million, up 3.5%, with a margin of 21.3% (up 90 basis points). Operating Cash Flow: Nearly $200 million year-to-date, with a conversion rate of 53% on adjusted EBITDA. Cash and Cash Equivalents: $300 million at quarter end. Total Debt: $2 billion, reflecting a $740 million debt paydown. Net Leverage Ratio: 2.9 times at quarter end. Share Repurchases: $155 million returned to shareholders year-to-date, with $93 million remaining authorization. Quarterly Dividend: Initiation of $0.04 per share beginning in the fourth quarter. Full Year Revenue Guidance: Raised to $2.338 billion to $2.358 billion. Fourth Quarter Revenue Expectation: $665 million to $685 million. Adjusted EBITDA Guidance: $208 million to $233 million for Q4, $585 million to $610 million for the full year. Cloud Migration Savings: $20 million
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ALIT
News
- Alight, Inc. (NYSE: ALIT) had its price target raised by analysts at KeyCorp from $10.00 to $11.00. They now have an "overweight" rating on the stock.MarketBeat
- Alight, Inc. (NYSE: ALIT) had its price target raised by analysts at Canaccord Genuity Group Inc. from $11.00 to $12.00. They now have a "buy" rating on the stock.MarketBeat
- Alight, Inc. (NYSE: ALIT) had its price target raised by analysts at Needham & Company LLC from $9.00 to $11.00. They now have a "buy" rating on the stock.MarketBeat
- Alight, Inc. (ALIT) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Alight Reports Third Quarter 2024 ResultsBusiness Wire
ALIT
Earnings
- 11/12/24 - Beat
ALIT
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form 144
- 11/13/24 - Form 144
- ALIT's page on the SEC website