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Dec 31, 2021

Hackett Q4 2021 Earnings Report

Announced fourth quarter 2021 results, exceeding revenue and pro forma EPS guidance.

Key Takeaways

The Hackett Group reported Q4 2021 net revenue of $69.8 million, up 18% year-over-year, and GAAP EPS of $0.50, which includes a tax benefit of $0.23 per share. Pro forma EPS was $0.33, up 43% year-over-year. The company's Board of Directors authorized a 10% increase in its annual dividend and declared a quarterly dividend of $0.11 per share.

Q4 2021 net revenue was $69.8 million, an 18% increase year-over-year, exceeding the high end of guidance.

Q4 2021 GAAP EPS was $0.50, including a tax benefit of $0.23 per share from SARs exercise.

Q4 2021 pro forma EPS was $0.33, a 43% increase year-over-year, exceeding the high end of guidance.

The company announced a 10% annual dividend increase and declared a $0.11 per share first quarter dividend.

Total Revenue
$70.2M
Previous year: $59.3M
+18.5%
EPS
$0.33
Previous year: $0.23
+43.5%
Consultant headcount
1.07K
Previous year: 928
+15.5%
Total headcount
1.27K
Previous year: 1.13K
+12.4%
Gross Profit
$27.5M
Cash and Equivalents
$45.8M
Previous year: $49.5M
-7.4%
Free Cash Flow
$18.9M
Total Assets
$208M
Previous year: $193M
+7.8%

Hackett

Hackett

Forward Guidance

The Company estimates total net revenue for the first quarter of 2022 will be in the range of $70.0 million to $72.0 million and pro forma diluted earnings per share for the first quarter of 2022 to be in the range of $0.31 and $0.33.