ALIT - Alight Inc. (ALIT) Q1 2024 Earnings Call Transcript
2024-05-09 03:02:09 ET
Alight, Inc. (ALIT)
Q1 2024 Earnings Conference Call
May 8, 2024 08:30 ET
Company Participants
Jeremy Cohen - Head, Investor Relations
Stephan Scholl - Chief Executive Officer
Jeremy Heaton - Chief Financial Officer
Greg Goff - President
Katie Rooney - Chief Operating Officer
Conference Call Participants
Kevin McVeigh - UBS
Scott Schoenhaus - KeyBanc
Kyle Peterson - Needham
Peter Heckmann - D.A. Davidson
Peter Christiansen - Citi
Joseph Vafi - Canaccord Genuity
Emily Marzo - Bank of America
Tien-tsin Huang - JPMorgan Chase
Presentation
Operator
Good morning and thank you for holding. My name is Evo and I will be your conference operator today. Welcome to Alight First Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, today’s call is being recorded, and a replay of the call will be available on the Investor Relations section of the company’s website. And now, I would like to turn it over to Jeremy Cohen, Head of Investor Relations at Alight to introduce today’s speakers.
Jeremy Cohen
Good morning and thank you for joining us. Earlier today, the company issued a press release with first quarter 2024 results. A copy of the release can be found in the Investor Relations section of the company’s website at investor.alight.com. Before we get started, please note that some of the company’s discussion today will include forward-looking statements. Such forward-looking statements are not guarantees of future performance.
Actual results may differ materially from those expressed or implied in the forward-looking statements due to a variety of factors. These factors are discussed in more detail in the company’s filings with the SEC including the company’s most recent Form 10-K, and such factors may be updated from time to time in the company’s periodic filings. The company does not undertake any obligation to update forward-looking statements. Also, during this conference call, the company will be presenting certain non-GAAP financial measures.
Reconciliations of the company’s historical non-GAAP financial measures to their most directly comparable GAAP financial measures appear in today’s earnings press release. On the call from management today are Stephan Scholl, CEO; Jeremy Heaton, CFO; Greg Goff, President; and Katie Rooney, who has announced earlier today will be stepping down from her CFO position and focusing on the COO role supporting the payroll and professional services divestiture until closure. After the prepared remarks, we will open the call up for questions.
I’ll now hand the call over to Stephan.
Stephan Scholl
Thanks, Jeremy, and good morning. It’s an exciting time for Alight with our first quarter, highlighted by the announced sale of our Professional Services segment and HCM & Payroll Outsourcing businesses, which remains on track to close midyear 2024. Executing this transaction is a key priority for the long-term trajectory of Alight, and we have seen tremendous collaboration across both organizations as we prepare our clients and over 8,000 employees for this transformational deal....
Alight, Inc. (ALIT) Q1 2024 Earnings Call Transcript