HCKT

EX-99.1

2 hckt-ex99_1.htm

EX-99.1

EX-99.1

WWW.THEHACKETTGROUP.COM

Exhibit 99.1

The Hackett Group Announces Third Quarter 2026 Results

MIAMI – November 3, 2026 – The Hackett Group, Inc. (NASDAQ: HCKT), an ROI led, AI enabled enterprise transformation company that helps organizations achieve and sustain AI World Class performance, today announced its financial results for the third quarter, which ended on September 25, 2026.

“We continue to build momentum as the market increasingly recognizes that meaningful value and ROI from AI transformation requires more than technology. It requires deep transformation expertise and IP to reimagine critical processes, along with AI benchmarks to accurately quantify the value opportunity. These capabilities are closely aligned with Hackett’s globally recognized transformation expertise and proprietary benchmarking and process intelligence,” stated Ted A. Fernandez, Chairman & CEO of The Hackett Group, Inc. “At the same time, the expanding use of our AI platforms, XT and AIX, across our primary enterprise transformation and software implementation offerings, is beginning to improve sales and delivery productivity. As these benefits scale across our client base, we expect them to drive increasing operating leverage and margin expansion, strengthening our confidence in our growth and profitability prospects for 2027. We have just begun to realize the benefits from our AI transition strategy.”

Financial Highlights

• Total revenue in the third quarter of 2026 was $69.8 million and revenue before reimbursements was $68.9 million. This compares to total revenue of $73.1 million and revenue before reimbursements of $72.2 million in the third quarter of the prior year.

• GAAP diluted earnings per share was $0.14 in the third quarter of 2026, as compared to $0.09 in the third quarter of 2025.

• Adjusted diluted earnings per share, a non-GAAP measure, for the third quarter of 2026 was $0.39, which was at the high-end of our guidance range, as compared to $0.37 in the third quarter of 2025.

• As of September 25, 2026, the Company’s cash balances were $12.6 million, with $86.1 million outstanding on the Company’s credit facility. Additionally, during the quarter the Company repurchased $2.5 million of its common stock and paid dividends of $3.0 million. The Company had $16.3 million available under its share repurchase plan at the end of the third quarter.

• Subsequent to the end of the third quarter, the Company's Board of Directors declared the fourth quarterly dividend of $0.12 per share for its shareholders of record on December 24, 2026, to be paid on January 8, 2027.

Business Outlook for the Fourth Quarter of 2026

Based on the Company's current outlook:

• The Company estimates total revenue before reimbursements for the fourth quarter of 2026 will be in the range of $68.0 million to $70.0 million and reflects the 6% to 8% fewer available days due to increased holidays and vacation taken when compared to the third quarter.

• The Company estimates adjusted diluted earnings per share for the fourth quarter of 2026 to be in the range of $0.39 and $0.41, assuming a GAAP effective tax rate of 26.5%.

• We estimate cash flow from operations to be up on a sequential basis by approximately $15.0 million to $20.0 million, with a corresponding decrease in accounts receivable of $4.0 million to $5.0 million. Consistent with our normal capital allocation strategy, this cash flow would be used to pay down debt or repurchase stock.

Conference Call and Webcast Details

On Tuesday, November 3, 2026, senior management will discuss third quarter results in a conference call at 5:00 P.M. ET. The number for the conference call is (800) 593-0486, [Passcode: Third Quarter]. For International callers, please dial (517) 308-9371. Please dial in at least 5-10 minutes prior to start time. If you are unable to participate on the conference call, a rebroadcast will be available beginning at 8:00 P.M. ET on Tuesday, November 3, 2026 and will run through 5:00 P.M. ET on Tuesday, November 17, 2026. To access the rebroadcast, please dial (800) 835-8067. For International callers, please dial (203) 369-3354.

In addition, The Hackett Group ® will also be webcasting this conference call live. To participate, simply visit https://www.thehackettgroup.com approximately 10 minutes prior to the start of the call and click on the conference call link provided. An online replay of the call will be available after 8:00 P.M. ET on Tuesday, November 3, 2026 and will run through 5:00 P.M. ET on Tuesday, November 17, 2026. To access the replay, visit www.thehackettgroup.com.

Use of Non-GAAP Financial Measures

The Company provides adjusted earnings results (which excludes non-cash stock based compensation expense, stock price award program compensation expense, acquisition-related cash and non-cash stock based compensation expense, amortization expense, acquisition related costs and any one-time costs and

EX-99.1

2 hckt-ex99_1.htm

EX-99.1

EX-99.1

WWW.THEHACKETTGROUP.COM

Exhibit 99.1

The Hackett Group Announces First Quarter 2026 Results

MIAMI, FL (May 5, 2026) – The Hackett Group, Inc. (NASDAQ: HCKT), a leading Gen AI strategic consulting and digital transformation firm that enables Digital World Class® performance, today announced its financial results for the first quarter, which ended on March 27, 2026.

"Over the past two years, we have made disciplined, systematic investments to build a cohesive and highly differentiated AI foundation," stated Ted A. Fernandez, Chairman and CEO of The Hackett Group, Inc. "We believe that the increasing demand for AI, further supported by our expanded partner strategy and our internal transition to a Gen AI‑enabled delivery platform, provides a significant value creation opportunity for our organization. We are already seeing meaningful productivity gains and expanding scope on engagements leveraging our platforms."

Financial Highlights

▪ Total revenue in the first quarter of 2026 was $68.8 million and revenue before reimbursements was $67.8 million. This compares to total revenue of $77.9 million and revenue before reimbursements of $76.2 million in the first quarter of the prior year.

▪ GAAP diluted earnings per share was $0.17 in the first quarter of 2026, as compared to $0.11 in the first quarter of 2025.

▪ Adjusted diluted earnings per share, a non-GAAP measure, for the first quarter of 2026 was $0.34, which was at the low end of our guidance, as compared to $0.41 in the first quarter of 2025. 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.

▪ As of March 27, 2026, the Company’s cash balances were $6.1 million, with $79.0 million outstanding on the Company’s credit facility. Cash flows utilized by operations were $5.1 million in the first quarter of 2026, as compared to cash flows from operations of $4.2 million in the first quarter of 2025. As of March 27, 2026, the Company had $22.0 million available under its share repurchase plan.

▪ Subsequent to the end of the first quarter, the Company's Board of Directors declared the second quarterly dividend of $0.12 per share for its shareholders of record on June 22, 2026, to be paid on July 6, 2026.

Business Outlook for the Second Quarter of 2026

Based on the Company’s current outlook:

▪ The Company estimates total revenue before reimbursements for the second quarter of 2026 will be in the range of $68.5 million to $70.0 million.

▪ The Company estimates adjusted diluted earnings per share for the second quarter of 2026 to be in the range of $0.33 and $0.35, assuming a GAAP effective tax rate of 26.6%.

Conference Call and Webcast Details

▪ On Tuesday, May 5, 2026, senior management will discuss first quarter results in a conference call at 5:00 P.M. ET. The number for the conference call is (800) 593-0486, [Passcode: First Quarter]. For International callers, please dial (517) 308-9371. Please dial in at least 5-10 minutes prior to start time. If you are unable to participate on the conference call, a rebroadcast will be available beginning at 8:00 P.M. ET on Tuesday, May 5, 2026 and will run through 5:00 P.M. ET on Tuesday, May 19, 2026. To access the rebroadcast, please dial (800) 835-8067. For International callers, please dial (203) 369-3354.

▪ In addition, The Hackett Group®will also be webcasting this conference call live. To participate, simply visit https://www.thehackettgroup.com approximately 10 minutes prior to the start of the call and click on the conference call link provided. An online replay of the call will be available after 8:00 P.M. ET on Tuesday, May 5, 2026 and will run through 5:00 P.M. ET on Tuesday, May 19, 2026. To access the replay, visit www.thehackettgroup.com.

Use of Non-GAAP Financial Measures

The Company provides adjusted earnings results (which excludes non-cash stock based compensation expense, stock price award program compensation expense, acquisition-related cash and non-cash stock based compensation expense, amortization expense, acquisition related costs and any one-time costs and includes a GAAP tax rate) as a complement to results provided in accordance with Generally Accepted Accounting Principles (GAAP). These non-GAAP results are provided to enhance the users' overall understanding of the Company's current financial performance and its prospects for the future. The Company believes the non-GAAP results provide useful information to both management and investors and by excluding certain expenses that it believes are not indicative of its core operating results. The non-GAAP measures are included to provide investors and management with an alternative method for assessing operating results in a manner that is focused on the performance of its ongoing primary operations and to provide a consistent basis for comparison betw