HCKT · The Hackett Group, Inc.

The Hackett Group reported first quarter 2026 results with total revenue of $68.8 million and revenue before reimbursements of $67.8 million, down from $77.9 million and $76.2 million in the prior year quarter, primarily driven by declines in Global S&BT revenue to $36.4 million from $42.6 million and Oracle Solutions to $15.4 million from $20.4 million, offset by SAP Solutions growth to $16.0 million from $13.2 million. GAAP operating income improved to $8.9 million from $4.4 million, reflecting lower personnel costs and SG&A expenses, leading to net income of $4.3 million and diluted EPS of $0.17 versus $3.1 million and $0.11 last year. Adjusted diluted EPS of $0.34 met the low end of guidance amid restructuring costs of $2.0 million. CEO Ted A. Fernandez highlighted disciplined AI investments yielding productivity gains and expanding engagement scopes via Gen AI platforms. Balance sheet shows cash at $6.1 million and $79.0 million credit facility drawdown, with $22.0 million remaining under share repurchase authorization. Q2 guidance projects revenue before reimbursements of $68.5-$70.0 million and adjusted EPS of $0.33-$0.35. At the April 30, 2026 Annual Meeting, all proposals passed convincingly, including director John R. Harris election, ESPP expansion by 250,000 shares to July 2031, say-on-pay approval, and RSM US LLP auditor ratification, signaling strong governance support. A $0.12 quarterly dividend was declared, payable July 6 to June 22 record holders.