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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Altair Engineering
Altair Engineering (ALTR) investor relations material
Altair Engineering has been delisted
Altair Engineering Q4 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2024 earnings summary20 Feb, 2025
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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Altair Engineering
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Frequently asked questions
Altair Engineering Inc. provides software and cloud solutions for simulation, high-performance computing, and artificial intelligence. The company serves industries such as automotive, aerospace, healthcare, and manufacturing by offering tools for product design, data analytics, and optimization. Altair’s solutions enable organizations to improve decision-making, enhance product performance, and streamline engineering processes. The company also provides consulting and support services to complement its technology offerings. The company is headquartered in Troy, Michigan, and its shares are listed on the NASDAQ.