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Sep 30, 2022
Hackett Q3 2022 Earnings Report
Reported strong financial results driven by the growth and contribution of their Global Strategy and Business Transformation group.
Key Takeaways
The Hackett Group reported third-quarter results with total revenue of $72.0 million and GAAP diluted earnings per share of $0.32. Adjusted diluted earnings per share was $0.37, exceeding the high end of their guidance. The company's Board of Directors approved an additional $120.0 million to its share repurchase plan and declared its fourth-quarter dividend of $0.11 per share.
Total revenue in the third quarter of 2022 was $72.0 million.
GAAP diluted earnings per share was $0.32 in the third quarter of 2022.
Adjusted diluted earnings per share was $0.37, exceeding the high end of our guidance.
The Company’s Board of Directors approved an additional $120.0 million to its share repurchase plan.
Forward Guidance
The Company estimates total revenue before reimbursements for the fourth quarter of 2022 will be in the range of $66.0 million to $68.0 million. The Company estimates adjusted diluted earnings per share for the fourth quarter of 2022 to be in the range of $0.33 and $0.35, assuming a GAAP effective tax rate of 28%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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