HACKETT GROUP INC
For the period ended Aug 6, 2024. Filed Aug 6, 2024.
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Aug 6, 2024 · Filed Aug 6, 2024
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HCKT$13.42+1.1%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in thousands, except per share data)
(in thousands, except per share data)
| Quarter Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 28, | June 30, | June 28, | June 30, | |
| 2024 | 2023 | 2024 | 2023 | |
| Revenue: | ||||
| Revenue before reimbursements | $75,896 | $75,641 | $151,623 | $145,472 |
| Reimbursements | 1,760 | 1,461 | 3,220 | 2,859 |
| Total revenue | 77,656 | 77,102 | 154,843 | 148,331 |
| Costs and expenses: | ||||
| Cost of service: | ||||
| Personnel costs before reimbursable expenses (includes $1,640 and $3,033 and $1,643 and $3,169 of non-cash stock based compensation expense in the three and six months ended June 28, 2024 and June 30, 2023, respectively) | 45,395 | 45,426 | 91,166 | 88,569 |
| Reimbursable expenses | 1,760 | 1,461 | 3,220 | 2,859 |
| Total cost of service | 47,155 | 46,887 | 94,386 | 91,428 |
| Selling, general and administrative costs (includes $1,210 and $2,416 and $1,129 and $2,050 of non-cash stock based compensation expense in the three and six months ended June 28, 2024 and June 30, 2023, respectively) | 17,985 | 17,425 | 36,314 | 32,861 |
| Legal settlement and related costs | - | - | 102 | - |
| Total costs and operating expenses | 65,140 | 64,312 | 130,802 | 124,289 |
| Operating income | 12,516 | 12,790 | 24,041 | 24,042 |
| Other expense, net: | ||||
| Interest expense, net | (512) | (921) | (984) | (1,780) |
| Income before income taxes | 12,004 | 11,869 | 23,057 | 22,262 |
| Income tax expense | 3,256 | 3,149 | 5,578 | 5,381 |
| Net income | $8,748 | $8,720 | $17,479 | $16,881 |
| Basic net income per common share: | ||||
| Income per common share | $0.32 | $0.32 | $0.64 | $0.62 |
| Weighted average common shares outstanding | 27,616 | 27,192 | 27,519 | 27,109 |
| Diluted net income per common share: | ||||
| Income per common share | $0.31 | $0.32 | $0.63 | $0.62 |
| Weighted average common and common equivalent shares outstanding | 27,943 | 27,548 | 27,809 | 27,408 |
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