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Mar 29, 2024
Hackett Q1 2024 Earnings Report
The Hackett Group announced first quarter results, exceeding revenue guidance and reporting solid operating results.
Key Takeaways
The Hackett Group reported a total revenue of $77.2 million and adjusted diluted earnings per share of $0.39 for Q1 2024. The company exceeded revenue guidance and met adjusted EPS guidance. They are pivoting to Gen AI consulting demand leveraging their AI XPLR platform and continuing investment in Executive Advisory offerings.
Total revenue for Q1 2024 was $77.2 million, exceeding guidance.
GAAP diluted earnings per share was $0.32 in Q1 2024.
Adjusted diluted earnings per share was $0.39 in Q1 2024, at the high end of guidance.
Cash flow provided from operations was $2.8 million for Q1 2024.
Revenue by Segment
Forward Guidance
The Company estimates total revenue before reimbursements for the second quarter of 2024 will be in the range of $73.5 million to $75.0 million. The Company estimates adjusted diluted earnings per share for the second quarter of 2024 to be in the range of $0.36 and $0.39, which assumes a GAAP effective tax rate of 27.2%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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