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Dec 29, 2023
Hackett Q4 2023 Earnings Report
Reported solid operating results exceeding guidance and continued investment in program development and sales resources.
Key Takeaways
The Hackett Group reported Q4 2023 financial results with total revenue of $72.4 million and adjusted diluted earnings per share of $0.39, exceeding the high end of their guidance. The company's cash balances were $21.0 million, and they paid down $11.0 million of their debt balance during the quarter.
Total revenue reached $72.4 million, exceeding the high end of guidance.
GAAP diluted earnings per share was $0.28, including a one-time legal settlement and related costs.
Adjusted diluted earnings per share was $0.39, also exceeding the high end of guidance.
Cash flow from operations was $25.6 million.
Forward Guidance
The Company estimates total revenue before reimbursements for the first quarter of 2024 will be in the range of $72.5 million to $74.0 million. The Company estimates adjusted diluted earnings per share for the first quarter of 2024 to be in the range of $0.36 and $0.39, assuming a GAAP effective tax rate of 22%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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