Hackett Q3 2023 Earnings Report
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.
Hackett
Hackett
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%.