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Jun 28, 2024
Hackett Q2 2024 Earnings Report
The Hackett Group announced second quarter results, reporting solid operating results that met or exceeded quarterly guidance, while pivoting capabilities to address Gen AI consulting demand.
Key Takeaways
The Hackett Group reported total revenue of $77.7 million and revenue before reimbursements of $75.9 million for Q2 2024. GAAP diluted earnings per share was $0.31, and adjusted diluted earnings per share was $0.39. Cash flow provided from operations was $13.7 million, and the company's cash balances were $19.1 million as of June 28, 2024.
Total revenue for Q2 2024 was $77.7 million, with revenue before reimbursements at $75.9 million.
GAAP diluted earnings per share was $0.31 in Q2 2024.
Non-GAAP diluted earnings per share was $0.39 in Q2 2024.
Cash flow from operations was $13.7 million for Q2 2024.
Forward Guidance
The Company estimates total revenue before reimbursements for the third quarter of 2024 will be in the range of $74.5 million to $76.0 million. The Company estimates adjusted diluted earnings per share for the third quarter of 2024 to be in the range of $0.39 and $0.41, which assumes a GAAP effective tax rate of 27.7%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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