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Jun 30, 2023
Hackett Q2 2023 Earnings Report
Announced second quarter 2023 results, showing revenue above guidance and adjusted EPS at the high end of guidance.
Key Takeaways
The Hackett Group reported solid operating results for Q2 2023, with total revenue of $77.1 million and adjusted diluted earnings per share of $0.39. The company saw 8% sequential revenue growth and increased investment in program development and sales resources.
Total revenue was $77.1 million, exceeding the high end of guidance.
Revenue before reimbursements was $75.6 million.
GAAP diluted earnings per share was $0.32, consistent with the previous year.
Adjusted diluted earnings per share was $0.39, compared to $0.38 in the prior year.
Forward Guidance
The Company estimates total revenue before reimbursements for the third quarter of 2023 will be in the range of $72.8 million to $74.3 million. The Company estimates adjusted diluted earnings per share for the third quarter of 2023 to be in the range of $0.38 and $0.41, assuming a GAAP effective tax rate of 27.5%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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