Alight Full Year 2024 Earnings: In Line With Expectations

Alight (NYSE:ALIT) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.33b (down 32% from FY 2023).
• Net loss: US$138.0m (loss narrowed by 60% from FY 2023).
• US$0.26 loss per share (improved from US$0.70 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alight Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

In the last 12 months, the only revenue segment was Employer Solutions contributing US$2.33b. Notably, cost of sales worth US$1.44b amounted to 62% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$522.0m (51% of total expenses). Explore how ALIT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Alight that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.