Quarterly ResultMay 6, 2026, 04:58 PM
Hackett Group Q1 EPS $0.17, Net Income $4.28M; Revenue Down 11.6%
AI Summary
Hackett Group reported a significant increase in net income and diluted EPS for the first quarter ended March 27, 2026, despite an 11.6% decline in total revenue. Net income rose to $4.28 million, and diluted EPS reached $0.17. The company also saw a substantial increase in income from operations but experienced negative net cash flow from operating activities and incurred restructuring costs during the quarter.
Key Highlights
- Net income for Q1 2026 increased 36.2% to $4.28 million compared to $3.14 million in Q1 2025.
- Diluted earnings per share rose 54.5% to $0.17 for Q1 2026 from $0.11 in Q1 2025.
- Total revenue decreased 11.6% to $68.80 million in Q1 2026 from $77.87 million in Q1 2025.
- Income from operations more than doubled to $8.94 million in Q1 2026 from $4.40 million in Q1 2025.
- Net cash used in operating activities was $5.07 million in Q1 2026, a decrease from $4.19 million provided in Q1 2025.
- SAP Solutions segment revenue increased 21.7% to $16.34 million.
- The company incurred $1.96 million in restructuring costs during Q1 2026.
- Common stock repurchases totaled $2.97 million in Q1 2026.
Price Impact
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