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Sep 29, 2023
Hackett Q3 2023 Earnings Report
Announced third quarter 2023 results, exceeding revenue guidance and achieving adjusted EPS at the high end of guidance.
Key Takeaways
The Hackett Group reported solid operating results for the third quarter of 2023, meeting or exceeding previously provided guidance. Total revenue reached $75.9 million, with revenue before reimbursements at $74.6 million, surpassing the high end of guidance. GAAP diluted earnings per share was $0.34, while adjusted diluted earnings per share, a non-GAAP measure, was $0.41.
Total revenue in Q3 2023 was $75.9 million, exceeding guidance.
Revenue before reimbursements was $74.6 million, also above guidance.
GAAP diluted earnings per share was $0.34 in Q3 2023.
Adjusted diluted earnings per share was $0.41, at the high end of guidance.
Forward Guidance
The Company estimates total revenue before reimbursements for the fourth quarter of 2023 will be in the range of $69.0 million to $70.4 million. The Company estimates adjusted diluted earnings per share for the fourth quarter of 2023 to be in the range of $0.36 and $0.38, assuming a GAAP effective tax rate of 28.6%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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