HCKT
The Hackett Group, Inc.20.55
+0.69+3.47%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Platforms boost productivity; partners near.
Q&A elaborated on catalysts flagged in remarks: imminent global partner announcement after six months testing AI XPLR's industry simulations, automation capture, and ROI modeling, plus ServiceNow pilot targeting one industry this month. Ted detailed XT and AIX platforms driving over 25% productivity in 10+ engagements, fueling Q1 headcount cuts, outcome-based pricing over rates, and margin gains. Licensing ramps post-client exposure to v5 modules. AI mix shift persists across segments. Platforms supercharge delivery. Analysts got direct answers on trends; no hedges. Watch partner ramps and Q1 margins for AI leverage proof.
Key Stats
Market Cap
557.54MP/E (TTM)
54.08Basic EPS (TTM)
0.38Dividend Yield
0.02%Recent Filings
10-K
FY2025 results
The Hackett Group posted FY2025 revenue of $305.6M, down 2.6% y/y, with net income at $12.9M versus $29.6M last year—yet Q4 accelerated to $75.8M revenue and $9.1M operating income, up from Q3's $73.1M and $5.5M. Oracle Solutions dragged annuals with $72.7M (down 15% y/y from a big post-go-live project), but SAP Solutions surged 11% to $63.4M on S/4HANA migrations and software sales, while Global S&BT held steady at $169.6M despite OneStream weakness offset by Gen AI gains. Q4 momentum stemmed from extended client decisions resolving. Debt hit $76M post-tender offer; $40M OCF funded $81M buybacks and $12.9M dividends. Quarterly results vary wildly.
8-K
Q4 revenue down, EPS holds
The Hackett Group reported Q4 revenue before reimbursements of $74.8M, down from $77.5M last year, yet hit guidance highs with adjusted EPS of $0.40. Completed a Dutch auction tender offer repurchasing 2.0M shares for $41.2M, cutting shares 7%. SAP Solutions surged while Oracle dipped. Q1 guide: $70.5M-$72.0M revenue, $0.34-$0.36 adjusted EPS. Tender offer squeezed shares nicely.
10-Q
Q3 FY2025 results
The Hackett Group's Q3 revenue fell 8.3% y/y to $73.1M (derived), with operating income dropping to $5.5M from $12.8M on restructuring costs and softer Oracle demand, yet Global S&BT held steady while SAP grew. Diluted EPS of $0.09 reconciles to 27.6M shares. Cash fell to $13.9M after $28M repurchases, offset by $21M operating cash flow; debt rose to $44M at 5.8% under $100M facility (56M available). Closed Spend Matters in May 2025 for $0.8M cash, recognizing $2.0M intangibles (2.8-year life). Stock-based comp drove most of the operating-to-net gap. Share buybacks accelerate.
8-K
Q3 results and tender offer
The Hackett Group reported Q3 2025 revenue of $72.2 million before reimbursements, down from $77.9 million a year ago, with adjusted diluted EPS of $0.37 hitting guidance midpoint amid Gen AI pivot investments and $3.1 million restructuring costs. The board added $40 million to share repurchases, boosting authorization to $52.6 million, and plans a Dutch auction tender offer starting November 5 for up to $40 million of stock at $18.30–$21.00 per share. Directors and executives won't participate. Q4 outlook projects $69.5–$71.0 million revenue and $0.38–$0.40 adjusted EPS.
10-Q
Q2 FY2025 results
The Hackett Group's Q2 FY2025 revenue climbed 1.6% y/y to $78.9M, driven by 4.5% growth in Global S&BT to $44.2M from Gen AI consulting, while Oracle Solutions dipped 9.8% y/y to $20.8M amid delayed decisions. Operating income fell sharply 63.3% y/y to $4.6M, pressured by $10.3M in stock-based compensation from the new award program, pushing SG&A to 30% of revenue; net income dropped to $1.7M or $0.06 diluted EPS from $8.7M or $0.31, with EPS reconciling to 28.5M shares. Cash stood at $10.1M after $9.8M operating inflows, offset by $10.5M stock repurchases and $6.3M dividends, while $23.0M debt at 5.9% drew from a $100M facility with $77M available. The May 2025 Spend Matters acquisition added $2.0M intangibles over 3 years for $0.8M cash. Restructuring looms with $1.5M-$2.0M Q3 charges to align staff with Gen AI platforms. Competition in AI consulting heats up.
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