The Hackett ( (HCKT) ) has released its Q4 earnings. Here is a breakdown of the information The Hackett presented to its investors.
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The Hackett Group, Inc. is a strategic consulting and executive advisory firm that specializes in enabling digital performance through its Gen AI platform, primarily operating in the consulting industry with a distinctive focus on artificial intelligence-driven solutions.
In its fourth-quarter 2024 earnings report, The Hackett Group surpassed its revenue and adjusted earnings per share guidance, driven by strategic investments in Gen AI capabilities and the acquisition of LeewayHertz, a Gen AI implementation firm. The firm is set to release AI XPLR version 3, enhancing its consultancy offerings with advanced AI simulation capabilities.
The company reported a total revenue of $79.2 million for the fourth quarter of 2024, showing an increase from $72.4 million in the same quarter of the previous year. However, GAAP diluted earnings per share decreased to $0.12 from $0.28, affected by non-cash compensation expenses linked to stock price awards and acquisition-related costs. The adjusted diluted earnings per share rose to $0.47, indicating a strong performance above guidance.
Additionally, the company increased its annual dividend by 9%, further demonstrating its confidence in future growth prospects. The Hackett Group’s strategic moves, including debt reduction and share repurchases, highlight its commitment to enhancing shareholder value.
Looking ahead, The Hackett Group anticipates continued growth in the first quarter of 2025, with revenue expected to range from $75.0 million to $76.5 million and adjusted earnings per share between $0.39 and $0.41, as the company capitalizes on its expanded Gen AI service offerings.
