Alight, Inc.
2.8700-0.21 (-6.82%)
Oct 29, 4:00:02 PM EDT · NYSE · ALIT · USD
Key Stats
Market Cap
1.58BP/E (TTM)
-Basic EPS (TTM)
-2.07Dividend Yield
0.04%Recent Filings
8-K
Alight's Q2 revenue dips, EBITDA rises
Alight reported Q2 2025 revenue of $528 million, down 1.9% from last year, yet adjusted EBITDA climbed to $127 million amid productivity gains and lower expenses. A $983 million non-cash goodwill impairment hit the Health Solutions unit, masking operational strength while new wins with Thermo Fisher and others bolster retention. Partnering with Goldman Sachs enhances wealth solutions. Outlook holds steady: revenue $2.282-$2.329 billion, adjusted EBITDA $620-$645 million. Deals drag longer now.
10-Q
Q2 FY2025 results
Alight's Q2 revenue dipped 1.9% year-over-year to $528M, with recurring revenue nearly flat at $492M amid softer bookings, yet gross profit climbed 5.4% to $176M thanks to productivity gains trimming costs. A $983M non-cash goodwill impairment in Health Solutions hammered operating loss to $1.01B, while net loss from continuing operations hit $1.07B or $(2.03) diluted EPS—anti-dilution kept shares at 528M. Free cash flow strengthened to $102M for the half, bolstering $227M cash against $2.0B term debt at SOFR +1.75%, with $330M revolver fully available through 2030. The July 2024 divestiture fetched $1.0B cash plus notes, funding debt paydown and buybacks. Restructuring under the Post-Separation Plan eyes $75M annual savings. Still, competition in benefits administration sharpens pricing risks.
8-K
Alight elects directors, ratifies auditors
Alight stockholders at the June 4, 2025 annual meeting elected David D. Guilmette, Michael E. Hayes, Kausik Rajgopal, and Robert A. Schriesheim as Class I directors for terms ending in 2028, with strong support for most but notable withholding for Rajgopal. They ratified Ernst & Young LLP as auditors for the fiscal year and approved executive compensation on an advisory basis. Governance continuity holds firm. Yet, the 182 million withheld votes on Rajgopal signal scrutiny.
8-K
Alight, Inc. announces a $330 million incremental revolving credit facility, replacing existing commitments and extending maturity to 2030. This strengthens the company's liquidity for general corporate purposes, with terms including SOFR-based interest rates and standard covenants.
Alight, Inc. has amended its credit agreement through Amendment No. 12, establishing a new $330 million incremental revolving credit facility that replaces the existing revolving commitments. This amendment extends the maturity date to May 31, 2030, and adjusts interest rates to SOFR plus 1.75% to 2.25% with a 0% floor. The facility replaces prior commitments, with no changes to term loans, and maintains standard covenants while ensuring compliance with financial ratios.
8-K
Alight Q1 results and restructuring
Alight reported Q1 2025 revenue of $548 million, down 2% from last year, yet Adjusted EBITDA edged up to $118 million amid productivity gains and lower interest costs. The company launched a 15-month restructuring plan on May 6, eyeing $65 million in pre-tax costs but over $75 million in annual savings through AI, automation, and real estate tweaks. Restructuring starts Q2 2025. Full-year outlook holds steady.
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