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The Hackett Group(HCKT) - 2023 Q4 - Annual Results
2024-02-20 21:27
Exhibit 99.1 Contact: Robert A. Ramirez, CFO, 305-375-8005 or rramirez@thehackettgroup.com The Hackett Group Announces Fourth Quarter 2023 Results MIAMI, FL (February 20, 2024) –The Hackett Group, Inc. (NASDAQ: HCKT), a leading benchmarking, executive advisory and strategic consultancy firm that enables organizations to achieve Digital World Class®performance, today announced its financial results for the fourth quarter, which ended on December 29, 2023. Financial Highlights "We reported solid operating res ...
The Hackett Group(HCKT) - 2023 Q3 - Quarterly Report
2023-11-08 20:25
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 29, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 333-48123 The Hackett Group, Inc. (Exact name of registrant as specified in its charter) | FLORIDA | | --- | (State or other jurisdiction o ...
The Hackett Group(HCKT) - 2023 Q3 - Earnings Call Transcript
2023-11-08 00:08
The Hackett Group, Inc. (NASDAQ:HCKT) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Rob Ramirez - Chief Financial Officer Ted Fernandez - Chairman and Chief Executive Officer Conference Call Participants Jeff Martin - Roth MKM Operator Welcome to The Hackett Group Third Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session. Please be advised the conference is being recorded. Hosting tonight's call are Mr. ...
The Hackett Group(HCKT) - 2023 Q2 - Quarterly Report
2023-08-09 18:46
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 333-48123 The Hackett Group, Inc. (Exact name of registrant as specified in its charter) | FLORIDA | | --- | (State or other jurisdiction of incorporation ...
The Hackett Group(HCKT) - 2023 Q2 - Earnings Call Transcript
2023-08-09 02:01
The Hackett Group, Inc. (NASDAQ:HCKT) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants Rob Ramirez - Chief Financial Officer Ted Fernandez - Chairman & Chief Executive Officer Conference Call Participants Jeff Martin - ROTH MKM Vincent Colicchio - Barrington Research Operator Welcome to The Hackett Group Second Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session. Please be advised the conference is being re ...
The Hackett Group(HCKT) - 2023 Q1 - Earnings Call Transcript
2023-05-13 23:36
The Hackett Group, Inc. (NASDAQ:HCKT) Q1 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants Rob Ramirez - Chief Financial Officer Ted Fernandez - Chairman and Chief Executive Officer Conference Call Participants George Sutton - Craig Hallum Jeff Martin - Roth MKM Vincent Colicchio - Barrington Research Operator Welcome to The Hackett Group First Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session. Please be advised t ...
The Hackett Group(HCKT) - 2023 Q1 - Quarterly Report
2023-05-10 19:29
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 333-48123 The Hackett Group, Inc. (Exact name of registrant as specified in its charter) | FLORIDA | | --- | (State or other jurisdiction of in ...
The Hackett Group(HCKT) - 2022 Q4 - Annual Report
2023-03-03 18:07
Revenue Performance - Total revenue for fiscal year 2022 increased by 5% to $293.7 million, compared to $278.8 million in 2021, driven primarily by a 16% increase in the Global S&BT segment [121]. - Global S&BT segment revenue reached $169.7 million in 2022, up from $146.2 million in 2021, representing 58% of the company's total revenue [125]. - Oracle Solutions segment revenue increased to $76.3 million in 2022 from $74.9 million in 2021, although it faced volatility in client decisions in the second half of the year [126]. - SAP Solutions segment revenue decreased to $47.8 million in 2022 from $57.7 million in 2021, with the prior year benefiting from a $5.3 million software sale transaction [127]. Cost and Expenses - Personnel costs before reimbursable expenses slightly increased to $174.1 million in 2022 from $171.9 million in 2021, with personnel costs as a percentage of total revenue decreasing to 59% from 62% [130]. - Non-cash stock-based compensation expense was $6.2 million in 2022, compared to $6.4 million in 2021 [130]. - Selling, general and administrative costs (SG&A) primarily consist of salaries, benefits, and various overhead expenses, impacting overall profitability [132]. - SG&A costs increased by 3% to $61.0 million in 2022 from $59.2 million in 2021, maintaining 21% of total revenue for both years [133]. - Non-cash stock-based compensation expense rose to $4.1 million in 2022 from $3.4 million in 2021, reflecting higher incentive compensation due to company performance [134]. Profitability - Diluted earnings per share increased to $1.28 in 2022 from $1.26 in 2021, despite the prior year including a tax benefit that positively impacted net income [121]. - Global S&BT segment profit increased to $61.3 million in 2022, up from $49.3 million in 2021, driven by over 20% growth in higher margin offerings [137]. - Oracle Solutions segment profit slightly decreased to $15.3 million in 2022 from $15.7 million in 2021, with continued offshore leverage expansion [138]. - SAP Solutions segment profit decreased to $12.8 million in 2022 from $18.8 million in 2021, impacted by a prior year software sales transaction of $5.3 million [139]. Cash Flow and Financing - Net cash provided by operating activities was $58.9 million in 2022, compared to $46.4 million in 2021, primarily due to net income adjustments and changes in tax liabilities [143]. - Net cash used in investing activities was $4.7 million in 2022, up from $3.2 million in 2021, mainly for the development of new technologies [144]. - Net cash used in financing activities was $69.7 million in 2022, compared to $46.7 million in 2021, largely due to share repurchases totaling $116.6 million [146]. - The company had $30.3 million in cash as of December 30, 2022, down from $45.8 million in the previous year, with $59.7 million in outstanding debt under its credit facility [141]. - The company repurchased 4.9 million shares at an average price of $23.69 per share in 2022, totaling $116.6 million, with $14.7 million remaining for future repurchases [153]. Organizational Changes - The company has reorganized its operating segments into three reportable segments: Global S&BT, Oracle Solutions, and SAP Solutions, effective in the third quarter of 2022 [124].
The Hackett Group(HCKT) - 2022 Q4 - Earnings Call Transcript
2023-02-22 02:28
The Hackett Group, Inc. (NASDAQ:HCKT) Q4 2022 Earnings Conference Call February 21, 2023 5:00 PM ET Company Participants Rob Ramirez – Chief Financial Officer Ted Fernandez – Chairman and Chief Executive Officer Conference Call Participants George Sutton – Craig-Hallum Jeff Martin – ROTH MKM Vince Colicchio – Barrington Research Operator Welcome to the Hackett Group Fourth Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session. Please be adv ...
The Hackett Group(HCKT) - 2022 Q3 - Earnings Call Transcript
2022-11-11 15:51
The Hackett Group, Inc. (NASDAQ:HCKT) Q3 2022 Earnings Conference Call November 8, 2022 5:00 PM ET Company Participants Rob Ramirez - Chief Financial Officer Ted Fernandez - Chairman & Chief Executive Officer Conference Call Participants Jeff Martin - ROTH Capital Partners Vincent Colicchio - Barrington Research George Sutton - Craig-Hallum Operator Welcome to the Hackett Group Third Quarter Earnings Conference Call. Your lines have been placed on a listen-only mode until the question-and-answer session. Pl ...