Alight Inc Stock Price, News & Analysis

Alight (NYSE: ALIT) will host its Investor Day on May 15, 2023, from 1 p.m. to 3:30 p.m. ET at the New York Stock Exchange. This event will feature presentations and a Q&A session led by Alight's management team. The Investor Day will be available via live webcast and replay on the Company’s website.

Prior to this event, Alight will announce its first quarter 2023 earnings on May 9, 2023, at 8:30 a.m. ET, followed by a conference call to discuss the results. A replay of the call will be available until May 23, 2023.

For further details, visit the Events & Presentations section of Alight's website.

BARK, Inc. (NYSE: BARK) has announced the immediate addition of Paulette Dodson and Michele Meyer to its Board of Directors. Ms. Dodson brings extensive legal and corporate governance experience, having served in senior roles at Alight, PetSmart, and Sara Lee. Meanwhile, Ms. Meyer has over 30 years of experience in the CPG industry, notably as President at General Mills, where she led significant market growth. Both executives aim to leverage their backgrounds to enhance BARK's strategic initiatives and foster long-term growth. CEO Matt Meeker emphasized their potential to drive value for customers and shareholders.

Alight, Inc. (NYSE: ALIT) has appointed Kausik Rajgopal to its Board of Directors, effective March 17, 2023. This addition expands the board from 8 to 10 members, aligning with Alight's objective to enhance board diversity and expertise. Rajgopal brings extensive experience from PayPal and McKinsey, particularly in HR and technology sectors. Chairman William P. Foley emphasized the value of diverse skills in driving company success. Alight continues to strengthen its leadership structure to support its commitment to delivering innovative human capital technology solutions across its global client base.

Alight, Inc. (NYSE: ALIT) announced the closing of an upsized secondary public offering of 52.9 million shares of its Class A common stock, priced at $9.00 per share. This offering, executed by funds affiliated with Blackstone and others, included the full exercise of an underwriters’ option for an additional 6.9 million shares. Alight did not sell any shares nor receive proceeds from this transaction. Concurrently, the company repurchased 1,148,435 shares at the same price from the Selling Stockholders. The offering was managed by J.P. Morgan and BofA Securities, with other firms participating as co-managers.

Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital technology provider, announced that CEO Stephan Scholl and CFO Katie Rooney will participate in the Morgan Stanley Technology, Media & Telecom Conference. Their fireside chat is scheduled for March 7, 2023, at 8:00 a.m. PST. A live webcast of the event will be available here.

Alight serves 36 million users, enhancing employee experiences with personalized insights through its Alight Worklife® platform.

Alight, Inc. (NYSE: ALIT) has expanded its Alight Worklife platform to include access for employees’ spouses and families, promoting shared wellbeing journeys. Key improvements include fully integrated wellbeing solutions addressing mind, body, wallet, and life, and enhanced healthcare navigation through SmartSelect MD, providing personalized in-network provider recommendations. The platform also features a new Smart Savings Planner for financial recommendations. This release introduces 65 new features aimed at enhancing decision-making and driving business outcomes.

Alight, Inc. (NYSE: ALIT) announced an increased underwritten secondary public offering of 46,000,000 shares of its Class A common stock at $9.00 per share. The offering, arranged by Blackstone Inc. and other funds, includes a 30-day option for underwriters to purchase an additional 6,900,000 shares. Alight will not sell any shares and will not receive proceeds. Concurrently, the company intends to repurchase $10 million in shares from the Selling Stockholders. The offering is expected to close around March 6, 2023.

Alight, Inc. (NYSE: ALIT) has announced a secondary public offering of up to 40 million shares of its Class A common stock by certain affiliated funds, including Blackstone Inc. and others. Notably, Alight will not sell any shares nor receive proceeds from this offering. The Selling Stockholders may grant underwriters a 30-day option to purchase an additional 6 million shares. Concurrently, Alight will repurchase $10 million worth of its Class A common stock from these investors. J.P. Morgan and BofA Securities are acting as joint lead book-running managers for the offering. A registration statement has been filed with the SEC, which became effective on April 20, 2022.

Alight reported a 7.4% revenue growth for 2022, surpassing guidance of 6-7%. Notably, its BPaaS revenue increased by 44.6% to $564 million, comprising 18% of total revenue. Fourth quarter revenue rose 9.0% to $942 million, with BPaaS bookings soaring 114.7% to $307 million. Adjusted EBITDA for the year was $659 million, aligning with expectations. For 2023, Alight forecasts revenue between $3.47 billion and $3.51 billion, reflecting a growth of 11-12%. A strategic restructuring program expected to yield $100 million in annual savings is set to commence in Q1 2023.