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Jul 02, 2021
Hackett Q2 2021 Earnings Report
Announced second quarter 2021 results, exceeding high end of guidance and showing significant year-over-year revenue growth.
Key Takeaways
The Hackett Group reported Q2 2021 net revenue of $73.0 million, a 39% increase compared to the same period last year. GAAP EPS was $0.32, and pro forma EPS was $0.39, or $0.30 excluding a SAP software sale. The company's cash balance was $52.5 million with no outstanding debt. The company repurchased 491 thousand shares of its stock at an average price of $17.58 for a total of $8.6 million.
Q2 2021 net revenue of $73.0 million exceeded the high end of guidance, including a $5.3 million SAP software sale transaction.
GAAP EPS for Q2 2021 was $0.32.
Pro forma EPS for Q2 2021 was $0.39, exceeding the high end of guidance, or $0.30 excluding the SAP software sale transaction.
The Board of Directors declared a quarterly dividend of $0.10 per share.
Forward Guidance
The Company's estimates total net revenue for the third quarter of 2021 to be in the range of $66.0 million to $68.0 million. The Company estimates pro forma diluted earnings per share for the third quarter of 2021 to be in the range of $0.28 and $0.30.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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