Latest news with #Alight
Business Wire
2 days ago
- Business
- Business Wire
Alight Names Donna Dorsey as Chief Human Resources Officer
CHICAGO--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT), a leading cloud-based provider of human capital and technology-enabled services, today announced the appointment of Donna Dorsey as Chief Human Resources Officer (CHRO). As CHRO, Donna will lead Alight's global people strategy, overseeing talent development, organizational effectiveness, culture, and employee experience. 'Donna brings an exceptional blend of HR leadership, coaching expertise, and legal acumen that aligns seamlessly with our culture and strategic goals,' said Dave Guilmette, CEO of Alight. 'I look forward to partnering with her as we continue evolving our employee experience and strengthening Alight as a destination for top talent.' Dorsey joins Alight from International Motors (formerly Navistar), where she served as Executive Vice President, Chief People and Culture Officer. In that role, she led enterprise-wide HR strategy and oversaw key initiatives to build inclusive, high-performing cultures. 'I'm honored to join Alight at such a pivotal time in its growth journey,' said Dorsey. 'Alight has a reputation for putting people first—both colleagues and clients—and I'm excited to build on that legacy. I look forward to collaborating with the HR team and executive leadership to foster a workplace where every colleague can thrive and contribute to delivering extraordinary value.' Recognized for her strategic vision and inclusive leadership style, Dorsey is known for cultivating cultures of equity, mentoring diverse teams, and aligning talent strategies with business outcomes. She is a member of the board of directors for Root Inc., a leading technology company powering insurance solutions and parent of Root Insurance. About Alight Solutions Alight is a leading cloud-based human capital technology and services provider for many of the world's largest organizations and 35 million people and dependents. Through the administration of employee benefits, Alight helps clients gain a benefits advantage while building a healthy and financially secure workforce by unifying the benefits ecosystem across health, wealth, wellbeing, absence management and navigation. Our Alight Worklife® platform empowers employers to gain a deeper understanding of their workforce and engage them throughout life's most important moments with personalized benefits management and data-driven insights, leading to increased employee wellbeing, engagement and productivity. Learn more about the Alight Benefits Advantage™ at
Yahoo
13-05-2025
- Business
- Yahoo
Is Alight, Inc. (ALIT) the Best AI Stock to Buy Under $10?
We recently published a list of . In this article, we are going to take a look at where Alight, Inc. (NYSE:ALIT) stands against other best AI stocks to buy under $10. Fears of an artificial intelligence bubble bursting appear overblown. That's the sentiment echoed on Wall Street in the aftermath of tech giants delivering better-than-expected quarterly results and reiterating investments in AI infrastructure. Increased investments in AI Infrastructure and other solutions have once again affirmed sentiments in the burgeoning segment that was the catalyst behind US markets powering to record levels last year. At the beginning of the year, investors became worried that the AI surge might collapse in the aftermath of the Chinese company DeepSeek creating a sophisticated large language model that needed less energy and funding. The news from DeepSeek caused a significant change in market sentiment and led to a decline in AI stocks that had experienced substantial increases for most of the year. Fast forward, tech giants signaling they will continue to invest in AI and cloud infrastructure is a tailwind that continues to reiterate sentiments around AI stocks. Companies ramping up investments to address capacity constraints in their cloud unit, as others ramp investments in AI-powered servers and data center assets, are a positive for the overall sector. According to AMD CEO Lisa Su, ordering patterns around everything AI remains strong, signaling people and companies are not making short-term decisions. Initially, there were concerns that companies pursuing opportunities around AI had spent far too much and too quickly to build out infrastructure and would need to go slow. Consequently, tech giants whose valuations had skyrocketed to record highs pulled back significantly as investors remained wary of their long-term outlook amid an uncertain macroeconomic environment that is crumbling amid a ferocious trade war and export controls. Continued investments in AI should be expected as companies look to strengthen their product and services portfolio while also strengthening their competitive edge. There have been concerns that heightened regulations and authorities placing guardrails could derail innovations around artificial intelligence. However, that appears not to be the case. According to Wedbush Securities global head of technology research Dan Ives, 'Innovations around AI are growing at 100 miles per hour while regulatory pressure is only growing at 35 miles an hour'. According to Ives no amount of regulation is going to change the heightened amount of spending around AI. 'The use cases are exploding and no amount of regulation is going to change it' said Ives in an interview with CNBC. Ives added: 'In terms of use cases, US commercial businesses are exploding. Right now we have 85 use cases, a year ago we had 10. I think what we are starting to see is more and more that it is across verticals healthcare financials government and retail among others.' The fact that executives from some of the biggest tech giants have denied they are cutting back spending on servers and data makes the case for why investors should pay attention to some of the AI stocks trading at highly discounted valuations. We sifted through Finviz and financial media reports to compile a list of top AI stocks trading below $10. We then selected the 13 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order based on the number of hedge funds that have stakes in them, as of Q4 2024. The hedge fund data was sourced from Insider Monkey's database, which tracks the moves of over 900 elite money managers. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A person viewing their financial progress on a computer, highlighting the financial health offerings of the company. Stock Price as of May 12: $5.57 Number of Hedge Fund Holders: 42 Alight, Inc. (NYSE:ALIT) is a technology services company that provides Alight Worklife, an intuitive, cloud-based employee engagement platform. The company helps large organizations manage employee benefits and improve employee well-being. It is one of the best AI stocks to buy as it makes important advancements across artificial intelligence and delivery initiatives. DA Davidson maintains a Strong Buy on the stock with a $10 price target. Alight, Inc. (NYSE:ALIT) utilizes artificial intelligence and machine learning to improve decision-making in its solutions and enhance employee experience. Likewise, its next-generation AI engine, Alight LumenAI, has enhanced the Worklife platform by improving employee experience with the help of AI and analytics. The AI-powered solution has strengthened Alight's push for value in the global human capital management market, projected to grow from $34.12 billion in 2025 to $64.97 billion by 2032. While Alight, Inc. (NYSE:ALIT) posted a 2% decline in revenue to $548 million in its first quarter of 2025, it was much better than the $541 million that analysts expected. In addition, its adjusted EBITDA improved to $118 million compared to $116 million last quarter as net loss shrank to $17 million from a net loss of $121 million delivered the previous quarter. Overall, ALIT ranks 2nd on our list of best AI stocks to buy under $10. While we acknowledge the potential of ALIT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ALIT but that trades at less than 5 times its earnings check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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Business Wire
12-05-2025
- Business
- Business Wire
Alight to Participate in the J.P. Morgan Global Technology, Media and Communications Conference
CHICAGO--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT or the 'Company'), a leading cloud-based human capital and technology-enabled services provider, today announced that its Chief Executive Officer, Dave Guilmette, and Chief Financial Officer, Jeremy Heaton, will present at the J.P. Morgan Global Technology, Media and Communications Conference in Boston, Massachusetts on Wednesday, May 14, 2025 at 1:00 p.m. ET, available via live webcast and replay here. About Alight Solutions Alight is a leading cloud-based human capital technology and services provider for many of the world's largest organizations and 35 million people and dependents. Through the administration of employee benefits, Alight helps clients gain a benefits advantage while building a healthy and financially secure workforce by unifying the benefits ecosystem across health, wealth, wellbeing, absence management and navigation. Our Alight Worklife ® platform empowers employers to gain a deeper understanding of their workforce and engage them throughout life's most important moments with personalized benefits management and data-driven insights, leading to increased employee wellbeing, engagement and productivity. Learn more about the Alight Benefits Advantage™ at
Business Wire
08-05-2025
- Business
- Business Wire
Alight Reports First Quarter 2025 Results
CHICAGO--(BUSINESS WIRE)--Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital and technology-enabled services provider, today reported results for the first quarter ended March 31, 2025. 'Our first quarter performance met expectations and we are off to a strong start to the year,' said CEO Dave Guilmette. 'We continue to bolster our leading capabilities through a focus on client-centricity and delivering with excellence, including important advancements across our artificial intelligence and delivery initiatives. As our talented team navigates the evolving global environment, the mission-critical work of helping people access and utilize their benefits to remain healthy and financially secure is as important as ever.' Presentation of Results First Quarter 2025 Highlights (all comparisons are relative to first quarter 2024) Revenue decreased 2.0% to $548 million Gross profit of $171 million and gross profit margin of 31.2%, compared to $182 million and 32.6%, respectively, and adjusted gross profit of $200 million and adjusted gross profit margin of 36.5%, compared to $208 million and 37.2%, respectively Net loss improved to $17 million compared to net loss of $121 million Adjusted EBITDA improved to $118 million compared to $116 million Diluted earnings (loss) per share of $(0.03) compared to $(0.22), and adjusted diluted earnings per share of $0.10 compared to $0.10 per share New wins or expanded relationships with companies including US Foods, Markel and Delek Repurchased $20 million of common stock under existing share repurchase program Declared and paid a $0.04 per share dividend First Quarter 2025 Results Revenue decreased 2.0% to $548 million, as compared to $559 million in the prior year period. The change was primarily due to lower project revenue and net commercial activity. Recurring revenues were 94.9% of total revenue. Gross profit was $171 million, or 31.2% of revenue, compared to $182 million, or 32.6% of revenue in the prior year period. The change in gross profit was primarily due to lower revenue as noted above, partially offset by productivity savings. Selling, general and administrative expenses improved $42 million when compared to the prior year period. This was due to a reduction in compensation expenses primarily related to non-cash share-based awards, lower restructuring charges and lower professional fees incurred related to the sale and separation of the Payroll & Professional Services business. Interest expense of $22 million improved $9 million from the prior year period. Interest expense benefited from the repricing of the 2028 term loan and the $740 million debt pay down in the third quarter of 2024. The Company's loss from continuing operations before income tax benefit improved to $20 million compared to a loss from continuing operations before income tax benefit of $148 million in the prior year period. The improvement was primarily attributable to the non-operating fair value remeasurements of financial instruments and the tax receivable agreement, lower selling, general and administrative expenses, lower interest expense as a result of the debt pay down and other income recorded in conjunction with the transition services agreement entered into with the purchaser of the divested Payroll & Professional Services business. Balance Sheet Highlights As of March 31, 2025, the Company's cash and cash equivalents balance was $223 million, total debt was $2,019 million and total debt net of cash and cash equivalents was $1,796 million. Business Outlook 'We continue to benefit from a long-cycle recurring business model that has insulated us from short-term market swings as we already have 92% of projected 2025 revenue under contract. While we are not immune to the market impacts, we feel good about the operational levers within our control and have reaffirmed our outlook based on the resilience of our model and visibility today,' said Guilmette. The Company's reaffirmed 2025 outlook includes: Revenue of $2,318 million to $2,388 million. Adjusted EBITDA of $620 million to $645 million. Adjusted diluted EPS of $0.58 to $0.64. Free cash flow of $250 million to $285 million. Reconciliations of the historical financial measures used in this press release that are not recognized under U.S. generally accepted accounting principles ("GAAP") are included below. Because GAAP financial measures on a forward-looking basis are not accessible, and reconciling information is not available without unreasonable effort, we have not provided reconciliations for forward-looking non-GAAP measures. For the same reasons, we are unable to address the probable significance of the unavailable information, which could be material to future results. Earnings Conference Call and Webcast Information A conference call to discuss the Company's first quarter 2025 financial results is scheduled for today, May 8, 2025 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). Interested parties can access the live webcast and accompanying presentation materials by logging on to the Investor Relations section on the Company's website at A replay of the conference call and the accompanying presentation materials will be available on the investor relations website for approximately 90 days. About Alight Solutions Alight is a leading cloud-based human capital technology and services provider for many of the world's largest organizations and 35 million people and dependents. Through the administration of employee benefits, Alight helps clients gain a benefits advantage while building a healthy and financially secure workforce by unifying the benefits ecosystem across health, wealth, wellbeing, absence management and navigation. Our Alight Worklife ® platform empowers employers to gain a deeper understanding of their workforce and engage them throughout life's most important moments with personalized benefits management and data-driven insights, leading to increased employee wellbeing, engagement and productivity. Learn more about the Alight Benefits Advantage™ at Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to our expected revenue under contract, statements related to our ability to execute on our strategy, and statements related to the expectations regarding the performance and outlook for Alight's business, financial results, liquidity and capital resources, including statements in the "Business Outlook" section of this press release. In some cases, these forward-looking statements can be identified by the use of words such as 'outlook,' 'believes,' 'expects,' 'potential,' 'continues,' 'may,' 'will,' 'would,' 'should,' 'could,' 'seeks,' 'projects,' 'predicts,' 'intends,' 'plans,' 'estimates,' 'anticipates' or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties including, among others, risks related to our ability to successfully execute the next phase of our strategic transformation, including our ability to effectively and appropriately separate the Payroll and Professional Services business, risks related to declines in economic activity in the industries, markets, and regions our clients serve, including as a result of macroeconomic factors beyond our control, heightened interest rates or changes in monetary, trade and fiscal policies, competition in our industry, risks related to cyber-attacks and security vulnerabilities and other significant disruptions in our information technology systems and networks, risks related to our ability to maintain the security and privacy of confidential, personal or proprietary data, risks related to actions or proposals from activist stockholders, and risks related to our compliance with applicable laws and regulations, including changes thereto. Additional factors that could cause Alight's results to differ materially from those described in the forward-looking statements can be found under the section entitled 'Risk Factors' of Alight's Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the "SEC") on February 27, 2025, as such factors may be updated from time to time in Alight's filings with the SEC, which are, or will be, accessible on the SEC's website at Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be considered along with other factors noted in this presentation and in Alight's filings with the SEC. Alight undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. Non-GAAP Financial Measures and Other Information The Company refers to certain non-GAAP financial measures in this press release, including: Adjusted EBITDA From Continuing Operations, Adjusted EBITDA Margin From Continuing Operations, Adjusted Net Income From Continuing Operations, Adjusted Diluted Earnings Per Share From Continuing Operations, Free Cash Flow, Adjusted Gross Profit and Adjusted Gross Profit Margin. Please see below for additional information and for reconciliations of such non-GAAP financial measures. The presentation of non-GAAP financial measures is used to enhance our investors' and lenders' understanding of certain aspects of our financial performance. This discussion is not meant to be considered in isolation, superior to, or as a substitute for the directly comparable financial measures prepared in accordance with GAAP. Adjusted EBITDA From Continuing Operations, which is defined as earnings from continuing operations before interest, taxes, depreciation and intangible amortization adjusted for the impact of certain non-cash and other items that we do not consider in the evaluation of ongoing operational performance. Adjusted EBITDA Margin From Continuing Operations is defined as Adjusted EBITDA From Continuing Operations divided by revenue. Both Adjusted EBITDA From Continuing Operations and Adjusted EBITDA Margin From Continuing Operations are non-GAAP financial measures used by management and our stakeholders to provide useful supplemental information that enables a better comparison of our performance across periods as well as to evaluate our core operating performance. Adjusted Net Income From Continuing Operations, which is defined as net income (loss) from continuing operations adjusted for intangible amortization and the impact of certain non-cash items that we do not consider in the evaluation of ongoing operational performance, is a non-GAAP financial measure used solely for the purpose of calculating Adjusted Diluted Earnings Per Share From Continuing Operations. Adjusted Diluted Earnings Per Share From Continuing Operations is defined as Adjusted Net Income From Continuing Operations divided by the adjusted weighted-average number of shares of Alight Inc. common stock, diluted. Adjusted Diluted Earnings Per Share From Continuing Operations is used by us and our investors to evaluate our core operating performance and to benchmark our operating performance against our competitors. Free Cash Flow is defined as cash provided by operating activities net of capital expenditures. Management believes that free cash flow is an important liquidity metric because it measures, during a given period, the amount of cash generated that is available to repay debt obligations, make strategic acquisitions and investments and for certain other activities such as dividends and stock repurchases. Adjusted Gross Profit is defined as revenue less cost of services adjusted for depreciation, amortization and share-based compensation, and Adjusted Gross Profit Margin is defined as Adjusted Gross Profit divided by revenue. Management uses Adjusted Gross Profit and Adjusted Gross Profit Margin as key measures in making financial, operating and planning decisions and in evaluating our performance. We believe that presenting Adjusted Gross Profit and Adjusted Gross Profit Margin is useful to investors as it eliminates the impact of certain non-cash expenses and allows a direct comparison between periods. Revenue Under Contract is an operational metric that represents management's estimate of anticipated revenue expected to be recognized in the period referenced based on available information that includes historical client contracting practices. The metric does not reflect potential future events such as unexpected client volume fluctuations, early contract terminations or early contract renewals. Our metric may differ from similar terms used by other companies and therefore comparability may be limited. Condensed Consolidated Balance Sheets (Unaudited) March 31, 2025 December 31, 2024 (in millions, except par values) Assets Current Assets Cash and cash equivalents $ 223 $ 343 Receivables, net 438 471 Other current assets 174 214 Fiduciary assets 227 239 Total Current Assets 1,062 1,267 Goodwill 3,212 3,212 Intangible assets, net 2,784 2,855 Fixed assets, net 397 396 Deferred tax assets, net 47 41 Other assets 411 422 Total Assets $ 7,913 $ 8,193 Liabilities and Stockholders' Equity Liabilities Current Liabilities Accounts payable and accrued liabilities $ 296 $ 355 Current portion of long-term debt, net 20 25 Other current liabilities 358 273 Fiduciary liabilities 227 239 Total Current Liabilities 901 892 Deferred tax liabilities 22 22 Long-term debt, net 1,999 2,000 Long-term tax receivable agreement 578 757 Financial instruments 29 51 Other liabilities 151 158 Total Liabilities $ 3,680 $ 3,880 Commitments and Contingencies Stockholders' Equity Preferred stock at $0.0001 par value: 1.0 shares authorized, none issued and outstanding $ — $ — Class A Common Stock: $0.0001 par value, 1,000.0 shares authorized; 563.9 and 560.5 shares issued, and 531.9 and 531.7 shares outstanding as of March 31, 2025 and December 31, 2024, respectively — — Class B Common Stock: $0.0001 par value, 20.0 shares authorized; 10.0 and 10.0 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively — — Class V Common Stock: $0.0001 par value, 175.0 shares authorized; 0.5 and 0.5 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively — — Class Z Common Stock: $0.0001 par value, 12.9 shares authorized; 0.0 and 0.0 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively — — Treasury stock, at cost (32.0 and 28.8 shares at March 31, 2025 and December 31, 2024, respectively) (239 ) (219 ) Additional paid-in-capital 5,114 5,141 Accumulated deficit (685 ) (660 ) Accumulated other comprehensive income 39 47 Total Alight, Inc. Stockholders' Equity $ 4,229 $ 4,309 Noncontrolling interest 4 4 Total Stockholders' Equity $ 4,233 $ 4,313 Total Liabilities and Stockholders' Equity $ 7,913 $ 8,193 Expand Condensed Consolidated Statements of Cash Flows (Unaudited) Three Months Ended March 31, (in millions) 2025 2024 Operating activities: Net Income (Loss) From Continuing Operations $ (17) $ (121) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation 30 26 Intangible asset amortization 71 71 Noncash lease expense 2 3 Financing fee and premium amortization — (1) Share-based compensation expense 6 28 (Gain) loss from change in fair value of financial instruments (8) 21 (Gain) loss from change in fair value of tax receivable agreement 9 55 Deferred tax expense (benefit) (4) (26) Changes in operating assets and liabilities: Accounts receivable 33 42 Accounts payable and accrued liabilities (60) (47) Other assets and liabilities 11 41 Cash provided by operating activities - continuing operations 73 92 Cash provided by operating activities - discontinued operations — 8 Net cash provided by operating activities $ 73 $ 100 Investing activities: Capital expenditures (29) (31) Cash provided by (used in) investing activities - continuing operations (29) (31) Cash used in investing activities - discontinued operations — (5) Net cash provided by (used in) investing activities $ (29) $ (36) Financing activities: Dividend payments (21) — Net increase (decrease) in fiduciary liabilities (12) 16 Repayments to banks (5) (6) Principal payments on finance lease obligations (5) (9) Payments on tax receivable agreements (100) (62) Tax payment for shares/units withheld in lieu of taxes (11) (57) Repurchase of shares (20) — Other financing activities (2) — Cash used for financing activities - continuing operations (176) (118) Cash provided by (used in) financing activities - discontinued operations — 44 Net Cash provided by (used in) financing activities $ (176) $ (74) Effect of exchange rate changes on cash, cash equivalents and restricted cash - discontinued operations — (2) Net increase (decrease) in cash, cash equivalents and restricted cash (132) (12) Cash, cash equivalents and restricted cash balances from: Continuing operations - beginning of year $ 582 $ 558 Discontinued operations - beginning of year — 1,201 Less discontinued operations - end of period — 1,241 Continuing operations - end of period $ 450 $ 506 Expand Reconciliation of Net Income (Loss) From Continuing Operations to Adjusted EBITDA from Continuing Operations (Unaudited) Three Months Ended March 31, (in millions) 2025 2024 Net Income (Loss) From Continuing Operations (1) $ (17 ) $ (121 ) Interest expense 22 31 Income tax expense (benefit) (3 ) (27 ) Depreciation 30 26 Intangible amortization 71 71 EBITDA From Continuing Operations 103 (20 ) Share-based compensation 6 28 Transaction and integration expenses (2) 3 17 Restructuring 4 15 (Gain) Loss from change in fair value of financial instruments (8 ) 21 (Gain) Loss from change in fair value of tax receivable agreement 9 55 Other 1 — Adjusted EBITDA From Continuing Operations $ 118 $ 116 Revenue $ 548 $ 559 Adjusted EBITDA Margin From Continuing Operations (3) 21.5 % 20.8 % (1) Adjusted EBITDA excludes the impact of discontinued operations. Comparable periods have been recast to exclude these impacts. (2) Transaction and integration expenses primarily relate to acquisition and divestiture activities. (3) Adjusted EBITDA Margin From Continuing Operations is defined as Adjusted EBITDA from Continuing Operations as a percentage of revenue. Expand Reconciliation of Net Income (Loss) From Continuing Operations to Adjusted Net Income and Adjusted Diluted Earnings per Share From Continuing Operations (Unaudited) Three Months Ended March 31, 2025 2024 (in millions, except share and per share amounts) Numerator: Net Income (Loss) From Continuing Operations Attributable to Alight, Inc. (1) $ (17 ) $ (119 ) Conversion of noncontrolling interest — (2 ) Intangible amortization 71 71 Share-based compensation 6 28 Transaction and integration expenses (2) 3 17 Restructuring 4 15 (Gain) Loss from change in fair value of financial instruments (8 ) 21 (Gain) Loss from change in fair value of tax receivable agreement 9 55 Other 1 — Tax effect of adjustments (3) (17 ) (29 ) Adjusted Net Income From Continuing Operations $ 52 $ 57 Denominator: Weighted average shares outstanding - basic 532,297,681 540,780,315 Dilutive effect of the exchange of noncontrolling interest units — 1,189,156 Dilutive effect of RSUs — — Weighted average shares outstanding - diluted 532,297,681 541,969,471 Exchange of noncontrolling interest units (4) 510,115 4,471,277 Impact of unvested RSUs (5) 8,464,404 10,158,541 Adjusted shares of Class A Common Stock outstanding - diluted (6)(7) 541,272,200 556,599,289 Basic (Net Loss) Earnings Per Share From Continuing Operations $ (0.03 ) $ (0.22 ) Diluted (Net Loss) Earnings Per Share From Continuing Operations $ (0.03 ) $ (0.22 ) Adjusted Diluted Earnings Per Share From Continuing Operations $ 0.10 $ 0.10 (1) Excludes the impact of discontinued operations. Comparable periods have been recast to exclude these impacts. (2) Transaction and integration expenses primarily relate to acquisition and divestiture activities. (3) Income tax effects have been calculated based on the statutory tax rates for both U.S. and foreign jurisdictions based on the Company's mix of income and adjusted for significant changes in fair value measurement. (4) Assumes the full exchange of the units held by noncontrolling interests for shares of Class A Common Stock of Alight, Inc. pursuant to the exchange agreement. (5) Includes non-vested time-based restricted stock units that were determined to be antidilutive for U.S. GAAP diluted earnings per share purposes. (6) Excludes two tranches of contingently issuable seller earnout shares: (i) 7.5 million shares will be issued if the Company's Class A Common Stock's volume-weighted average price ("VWAP") is >$12.50 for any 20 trading days within a consecutive period of 30 trading days; (ii) 7.5 million shares will be issued if the Company's Class A Common Stock VWAP is >$15.00 for any 20 trading days within a consecutive period of 30 trading days. Both tranches have a seven-year duration. (7) Excludes approximately 10.0 million and 14.4 million performance-based units, which represents the gross number of shares expected to vest based on achievement of performance conditions as of March 31, 2025 and 2024, respectively. Expand Gross Profit to Adjusted Gross Profit Reconciliation (Unaudited) Three Months Ended ($ in millions) March 31, 2025 March 31, 2024 Gross Profit $ 171 $ 182 Add: stock-based compensation 3 5 Add: depreciation and amortization 26 21 Adjusted Gross Profit $ 200 $ 208 Gross Profit Margin 31.2 % 32.6 % Adjusted Gross Profit Margin 36.5 % 37.2 % Expand Free Cash Flow Reconciliation (Unaudited) Three Months Ended ($ in millions) March 31, 2025 March 31, 2024 Non-GAAP free cash flow reconciliation: Cash provided by operating activities - continuing operations $ 73 $ 92 Capital expenditures (29 ) (31 ) Non-GAAP free cash flow $ 44 $ 61 Expand Other Select Financial Data (Unaudited) Three Months Ended March 31, ($ in millions) 2025 2024 Revenue Disaggregation Recurring $ 520 $ 521 Project 28 38 Total revenue $ 548 $ 559 BPaaS revenue $ 126 $ 117 Gross Profit Total gross profit $ 171 $ 182 Total gross margin 31.2 % 32.6 % Adjusted Gross Profit Total adjusted gross profit $ 200 $ 208 Total adjusted gross margin percent 36.5 % 37.2 % Adjusted EBITDA From Continuing Operations Adjusted EBITDA Margin From Continuing Operations 21.5 % 20.8 % Free Cash Flow Free Cash Flow From Continuing Operations $ 44 $ 61 Expand
National Post
24-04-2025
- Health
- National Post
Modern Health Appoints Alison Borland as Chief People and Strategy Officer
Article content Article content Modern Health, a leading global workplace mental health platform, today announced the appointment of Alison Borland as Chief People and Strategy Officer, effective immediately. A recognized industry thought leader, Borland brings more than two decades of executive experience in benefits, well-being, and strategic growth to Modern Health as the company continues to scale its global reach and impact. Article content Borland previously held roles including Executive Vice President and Chief Wellbeing Officer at Alight Solutions, where she played a pivotal role in guiding the company's enterprise strategy, building and managing teams, and working directly with HR leaders at client organizations, contributing to Alight's growth trajectory. She also held senior leadership roles at Hewitt Associates and Aon Hewitt, serves as an Advisor to the CEO of Wellist, and is widely recognized for her ability to bridge business strategy and vision to culture and people. Article content At Modern Health, Borland will oversee the company's people strategy and play a key role in driving forward strategic initiatives that enhance brand awareness, industry connectivity, organizational effectiveness, and global market leadership. Article content 'Alison brings a rare combination of deep industry expertise, strategic thinking, and authentic leadership,' said Matt Levin, CEO of Modern Health. 'Her track record of building high-performing teams and delivering on ambitious growth strategies is exceptional. As we accelerate our momentum, Alison's leadership will play a key role in scaling our impact, supporting our people, and advancing our mission to make mental health a strength and priority for every workforce we serve.' Article content Borland is widely respected for her advocacy and contributions to public policy and has advised institutions such as the U.S. Senate HELP Committee and the Department of Labor. She is a Fellow of the Society of Actuaries (expired) and graduated from Vanderbilt University. Article content 'I'm honored to join Modern Health at such a pivotal moment—not just for the company, but for the future of mental health care,' Borland said. 'Throughout my career, I've been deeply focused on creating meaningful, lasting impact by connecting innovative solutions with the real, everyday needs of people—across physical, financial, social, and emotional health. Modern Health's global reach and unwavering commitment to equitable access reflect a bold vision I'm excited to help advance. I look forward to working with the team to shape a strategy that deepens our impact, supports our people, and sets the foundation for long-term, sustainable growth.' Article content Secure your spot at Modern Health's upcoming industry conference, Elevate Well-Being, on May 7, 2025—a global gathering of HR and benefits leaders focused on advancing the future of workforce mental health and well-being worldwide. Article content Article content Modern Health is a global leader in adaptive mental health care, dynamically offering multi-modal mental health support that delivers meaningful outcomes at a sustainable, predictable cost. With therapy, psychiatry, coaching, community groups, self-guided tools, and crisis support, we dynamically create individualized care journeys to address a spectrum of mental health needs and preferences with culturally responsive providers in 200+ countries and territories and 80+ languages. Backed by peer-reviewed research and a proprietary blend of technology and live support, Modern Health delivers measurable outcomes, globally equitable access, and sustainable pricing. Our industry-leading Adaptive Care Model and dedicated, human-centered, operationally tuned, customer success partners make us a trusted partner for organizations worldwide. Article content Article content Article content Article content Article content
