Alight sees FY24 adjusted EPS 72c-77c, consensus 73c

Sees FY24 revenue $3.55B-$3.61B, consensus $3.71B. Sees FY24 adjusted EBITDA $800M-$815M. The company said, “We expect BPaaS will continue to be our high-revenue growth category at over 15% and the driver of our overall trajectory as it continues to becomes a larger proportion of Alight. While total annual revenue growth is expected to be 6-8% through the mid-term, we expect 2024 to be slightly lower at 4-6% that ramps throughout the year driven by the timing of our 2023 bookings, our exit from the Hosted business, and our first half compare. As we begin 2024, the business has $3.0 billion revenue under contract, $2.1 billion for 2025, and $1.5 billion for 2026, giving us continued confidence in our mid-term outlook.”