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The Hackett Group(HCKT) - 2024 Q4 - Annual Results
HCKTThe Hackett Group(HCKT)2025-02-18 21:22

Financial Performance - Total revenue for Q4 2024 was 79.2million,up9.979.2 million, up 9.9% from 72.4 million in Q4 2023[3] - Adjusted diluted earnings per share for Q4 2024 was 0.47,comparedto0.47, compared to 0.39 in Q4 2023, representing a 20.5% increase[3] - GAAP diluted earnings per share decreased to 0.12inQ42024from0.12 in Q4 2024 from 0.28 in Q4 2023, impacted by non-cash compensation expenses totaling 7.4million[3]−Totalrevenueforthefourthquarterof2024was7.4 million[3] - Total revenue for the fourth quarter of 2024 was 79.235 million, an increase of 9.4% compared to 72.403millioninthesamequarterof2023[14]−Adjustednetincomeforthefourthquarterwas72.403 million in the same quarter of 2023[14] - Adjusted net income for the fourth quarter was 13.566 million, compared to 10.826millionintheprioryear,reflectinga25.510.826 million in the prior year, reflecting a 25.5% increase[17] - Total revenue for the fourth quarter was 79,235,000, a slight decrease of 0.7% from 79,777,000inthepreviousquarterandanincreaseof9.379,777,000 in the previous quarter and an increase of 9.3% from 72,403,000 in the same quarter last year[22] - Revenue before reimbursements for the fourth quarter was 77,456,000,comparedto77,456,000, compared to 77,949,000 in the previous quarter and 71,167,000inthesamequarterlastyear,reflectingayear−over−yearincreaseof8.871,167,000 in the same quarter last year, reflecting a year-over-year increase of 8.8%[22] Cash Flow and Assets - Cash flow from operations for Q4 2024 was 20.6 million, down from 25.6millioninQ42023[3]−Cashprovidedbyoperatingactivitiesforthefourthquarterwas25.6 million in Q4 2023[3] - Cash provided by operating activities for the fourth quarter was 20,640,000, a substantial increase from 10,578,000inthepreviousquarterbutadecreasefrom10,578,000 in the previous quarter but a decrease from 25,587,000 in the same quarter last year[22] - The company reported total assets of 191.877millionasofDecember27,2024,comparedto191.877 million as of December 27, 2024, compared to 181.428 million a year earlier, representing a growth of 5.5%[13] - Total liabilities decreased to 76.303millionfrom76.303 million from 91.348 million, a reduction of 16.5% year-over-year[13] - Cash and cash equivalents decreased to 16.366millionfrom16.366 million from 20.957 million, a decline of 22%[13] Shareholder Returns - The board approved a 9% increase in the annual dividend from 0.44to0.44 to 0.48 per share, with a quarterly dividend of 0.12tobepaidonApril4,2025[4]−Thecompanyrepurchased117,000sharesatanaveragepriceof0.12 to be paid on April 4, 2025[4] - The company repurchased 117,000 shares at an average price of 30.95, totaling 3.6million,withremainingauthorizationof3.6 million, with remaining authorization of 27.5 million[4] - The company repurchased 117,000 shares at an average price of 30.95,totaling30.95, totaling 3,630,000, compared to 65,000 shares at 26.77inthepreviousquarter[22]−Remainingplanauthorizationforsharerepurchasesincreasedto26.77 in the previous quarter[22] - Remaining plan authorization for share repurchases increased to 27,516,000 from 11,146,000 in the previous quarter, indicating a strong capacity for future buybacks[22] Segment Performance - Segment profit for Global S&BT was 14.688 million, up from 13.506millionyear−over−year,whileOracleSolutionssegmentprofitdecreasedto13.506 million year-over-year, while Oracle Solutions segment profit decreased to 2.959 million from 4.094million[14]−SAPSolutionssegmentrevenueincreasedsignificantlyto4.094 million[14] - SAP Solutions segment revenue increased significantly to 17.184 million from 11.243million,withsegmentprofitrisingto11.243 million, with segment profit rising to 6.910 million from 3.439million[14]−TheOracleSolutionssegmentreportedtotalrevenueof3.439 million[14] - The Oracle Solutions segment reported total revenue of 18,174,000, down 20.3% from 22,759,000inthepreviousquarterbutconsistentwith22,759,000 in the previous quarter but consistent with 18,998,000 in the same quarter last year[22] - The SAP Solutions segment achieved total revenue of 17,184,000,asignificantincreaseof32.517,184,000, a significant increase of 32.5% from 12,953,000 in the previous quarter and an increase of 52.4% from 11,243,000inthesamequarterlastyear[22]FutureOutlook−ThecompanyexpectstotalrevenuebeforereimbursementsforQ12025tobebetween11,243,000 in the same quarter last year[22] Future Outlook - The company expects total revenue before reimbursements for Q1 2025 to be between 75.0 million and 76.5million[7]−AdjusteddilutedearningspershareforQ12025isestimatedtobeintherangeof76.5 million[7] - Adjusted diluted earnings per share for Q1 2025 is estimated to be in the range of 0.39 to $0.41[7] Workforce and Operational Metrics - Consultant headcount increased to 1,284, up from 1,262 in the previous quarter and 1,168 in the same quarter last year, indicating growth in workforce[22] - Days sales outstanding (DSO) improved to 66 days, down from 70 days in the previous quarter and consistent with 65 days in the same quarter last year[22] Strategic Initiatives - The acquisition of LeewayHertz enhances the company's Gen AI consulting and implementation capabilities, supported by AI XPLR and ZBrain platforms[2] - The company is set to release AI XPLR version 3, which will provide industry-specific dynamic simulations for Gen AI solutions[2]