secwatch.observer — SEC 8-K summary
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Issuer:     Alight, Inc. / Delaware (ALIT)
CIK:        0001809104
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055077
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alight Q1 continuing ops rev $559M (-4.6% YoY); BPaaS +21%; net loss $121M; CFO transition
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- Continuing ops revenue $559M (-4.6% YoY); BPaaS revenue $117M (+20.6%); net loss $121M vs $84M.
- Adjusted EBITDA from continuing ops $116M (+$4M YoY); adjusted diluted EPS $0.10 vs $0.09.
- Total company revenue $816M (-1.8% YoY); net loss $116M vs $74M; adj. EBITDA $150M (-$4M).
- CFO Katie Rooney steps down; Jeremy Heaton appointed CFO; Greg Goff promoted to President.
- Sale of Payroll & Professional Services for up to $1.2B on track for mid-2024 close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1809104/000095017024055077/0000950170-24-055077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1809104/000095017024055077/alit-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer