Press release
The Hackett Group Announces First Quarter 2025 Results
MIAMI--(BUSINESS WIRE)-- The Hackett Group, Inc. (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) consultancy and executive advisory
About this update from The Hackett Group, Inc.
[{"type":"text","content":" MIAMI--(BUSINESS WIRE)--\nThe Hackett Group, Inc. (NASDAQ: HCKT), a leading generative artificial intelligence (Gen AI) consultancy and executive advisory firm that enables Digital World Class® performance, today announced its financial results for the first quarter, which ended on March 28, 2025.\n\n“We reported operating results that were near and at the high end of our revenue and adjusted earnings per share guidance, respectively. This was achieved while aggressively investing and growing our Gen AI platforms and revenues. More importantly, we released AI XPLR version 3 which allows us to identify thousands of industry specific Gen AI solutions and related multi-agent workflows which accelerates client prioritization and custom design of the client use cases,” stated Ted A. Fernandez, Chairman & CEO of The Hackett Group, Inc. “We believe continued AI XPLR innovation and our advanced Gen AI implementation capabilities will allow us to develop significant channel partner relationships that should help accelerate our growth in this rapidly growing area.”\n\nFinancial Highlights\n\n\nTotal revenue in the first quarter of 2025 was $77.9 million and revenue before reimbursements was $76.2 million near the high end of our guidance. This compares to total revenue of $77.2 million and revenue before reimbursements of $75.7 million in the first quarter of the prior year.\n\n\nGAAP diluted earnings per share was $0.11 in the first quarter of 2025, as compared to $0.32 in the first quarter of 2024. 2025 first quarter GAAP net income was impacted by non-cash compensation expense recognized in association with the stock price award program announced in September 2024 of $5.1 million, or $0.16 per diluted earnings per share. In addition, 2025 first quarter GAAP net income was also impacted by LeewayHertz acquisition related cash and non-cash compensation and related expenses of $2.4 million, or $0.07 per diluted earnings per share.\n\n\nAdjusted diluted earnings per share, a non-GAAP measure, for the first quarter of 2025 was $0.41, which came in at the high end of our guidance, as compared to $0.39 in the first quarter of 2024. Adjusted financial information is provided to enhance the understanding of the Company's financial performance and is reconciled to the Company's GAAP information in the accompanying tables.\n\n\nCash flow from op...