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Altair Engineering (ALTR) investor relations material
Altair Engineering Q4 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Software revenue grew 15.0% year-over-year to $179.4M in Q4 2024 and 11.3% to $611.9M for the full year.
Total revenue increased 12.3% year-over-year to $192.6M in Q4 and 8.7% to $665.8M for the year.
Net income for Q4 was $1.0M (down from $19.7M in Q4 2023); full-year net income was $14.2M, reversing a prior year loss.
Non-GAAP net income rose to $47.4M in Q4 and $119.6M for the year; adjusted EBITDA reached $61.0M in Q4 and $149.9M for the year.
Pending acquisition by Siemens expected to close in H1 2025; Altair suspends financial guidance and earnings calls.
Financial highlights
Q4 adjusted EBITDA margin was 31.7% (up from 31.2%); full-year margin was 22.5% (up from 21.1%).
Q4 free cash flow was $33.2M (up from $19.3M); full-year free cash flow was $140.0M (up from $117.1M).
Q4 non-GAAP net income per share, diluted, was $0.52 (up from $0.47); full-year was $1.35 (up from $1.17).
Q4 net income margin dropped to 0.5% from 11.5% year-over-year; full-year net income margin improved to 2.1% from -1.5%.
Q4 and full-year results include $22.3M in merger-related expenses and currency losses on acquisition-related loans.
Outlook and guidance
Quarterly and annual financial guidance suspended due to pending Siemens acquisition.
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