Hackett Q4 2023 Earnings Report
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.
Hackett
Hackett
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%.