Hackett Q3 2020 Earnings Report
Key Takeaways
The Hackett Group reported Q3 2020 net revenue of $57.8 million, GAAP EPS of $0.09, and pro forma EPS of $0.17. Revenue was down 13% year-over-year but up 10% sequentially. The company's cash balance at the end of the quarter was $43.2 million with no outstanding debt.
Q3 2020 net revenue of $57.8 million exceeded the high end of guidance.
Q3 2020 GAAP EPS was $0.09.
Q3 2020 Pro forma EPS was $0.17, exceeding the high end of guidance.
The Board of Directors declared a 9.5 cent quarterly dividend.
Hackett
Hackett
Forward Guidance
The Company’s current estimates suggest that net revenue for the fourth quarter of 2020 will be in the range of $55.0 million to $58.0 million. The Company estimates pro forma diluted earnings per share for the fourth quarter of 2020 to be in the range of $0.20 and $0.22.