Logotype for Altair Engineering Inc

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.
Logotype for Altair Engineering Inc
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.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

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.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage