Alight, Inc. (ALIT) Misses Q2 EPS by 6c; offers outlook

Alight, Inc. (NYSE: ALIT) reported Q2 EPS of $0.05, $0.06 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $538 million versus the consensus estimate of $796.49 million.

OUTLOOK

Second Half 2024 Business Outlook

For the second half of 2024, we expect:

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.
Operating Cash Flow Conversion rate of 55-65%.

For earnings history and earnings-related data on Alight, Inc. (ALIT) click here.

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