Welcome to our dedicated page for CRA International news (Ticker: CRAI), a resource for investors and traders seeking the latest updates and insights on CRA International stock.
CRA International, Inc. (CRAI), also known as Charles River Associates, is a prominent global consulting firm headquartered in Boston, Massachusetts. Established in 1965, CRA specializes in litigation, regulatory, financial, and management consulting. The firm is renowned for providing rigorous economic and financial analysis in various legal and regulatory proceedings, guiding businesses through critical strategic and operational challenges.
CRA's diverse client base includes domestic and international companies, government agencies, public and private utilities, as well as national and international trade associations. With deep expertise in numerous industries, CRA delivers objective and well-supported solutions to complex problems, tailored to each client's unique requirements.
CRA operates through a network of offices across the globe, which enables it to offer localized and specialized services. The company is committed to upholding the highest standards of professional integrity and excellence in all its endeavors.
In recent developments, CRA has undertaken notable projects that showcase its capabilities in providing insightful and actionable analysis. The company continues to expand its service offerings and enhance its methodologies to better serve its clients' evolving needs. Additionally, CRA actively pursues opportunities for strategic partnerships, further strengthening its market position.
Recent Achievements and Current Projects
- Successfully advised on prominent litigation cases involving complex financial disputes.
- Conducted comprehensive regulatory analysis to support policy development for government agencies.
- Implemented performance improvement strategies for leading companies across various sectors.
Financial Condition
CRA International generates the majority of its revenue from clients based in the United States, reflecting strong demand for its consultancy services in the domestic market. The company's consistent performance demonstrates its capability to deliver value and maintain financial stability.
CRA offers a dynamic career environment for professionals seeking to work at the forefront of economic and financial consulting. Those interested in exploring career opportunities can learn more by visiting CRA Careers.
Sidoti Events, has announced its December Small-Cap Conference schedule for December 4-5, 2024. The two-day virtual event features presentations from numerous publicly traded companies, including Charles River Associates (CRAI) scheduled for 10:45-11:15 EST on December 4th. The conference includes a mix of company presentations and one-on-one meetings with various small-cap companies across different sectors. The presentation schedule is subject to change, and attendees are directed to www.sidoti.com/events for the most current schedule and webinar links.
CRA International (NASDAQ: CRAI) announced an upcoming auction process for FirstEnergy Corp.'s (NYSE: FE) Ohio subsidiaries to procure full requirements service for Standard Service Offer customers. The auction, scheduled for January 21, 2025, will utilize a descending-price clock format and is approved by the Public Utilities Commission of Ohio.
An Information Session for prospective bidders will be held on December 3, 2024 via Zoom. The Part 1 Applications window opens on December 4, 2024, with submissions due by December 17, 2024. Successful applicants can begin Part 2 Applications from December 23, 2024.
Charles River Associates (NASDAQ: CRAI) has announced its participation in two upcoming investor conferences in December 2024. The company will present at the Noble Capital Markets' 20th Annual Emerging Growth Equity Conference on December 3 in Boca Raton, Florida, with a presentation scheduled for 10:00 a.m. ET. Additionally, CRAI will participate in the Sidoti Small-Cap Virtual Conference on December 4-5, with a virtual presentation set for December 4 at 10:45 a.m. ET.
Both events will feature company presentations and one-on-one meetings with investors. Live webcasts will be available on CRAI's investor relations website, with archived versions accessible post-event.
Charles River Associates (NASDAQ: CRAI) reported strong Q3 2024 financial results with revenue growing 13.7% year-over-year to $167.7 million, marking the highest third-quarter revenue in company history. Net income increased 33.1% to $11.4 million, while earnings per diluted share rose 38% to $1.67. Seven of eleven practices showed growth, with five practices growing over 10%. North American operations expanded revenue by 16.4%. The company increased its quarterly dividend by 17% to $0.49 per share and reaffirmed full-year fiscal 2024 revenue guidance of $670.0-685.0 million with non-GAAP EBITDA margin of 12.2-13.0%.
Charles River Associates (NASDAQ: CRAI) has announced a 17% increase in its quarterly cash dividend, raising it from $0.42 to $0.49 per common share. The dividend will be paid on December 13, 2024, to shareholders of record as of November 26, 2024. The company, which specializes in economic, financial, and management consulting services, indicates its intention to continue quarterly dividend payments, subject to Board approval.
Charles River Associates (NASDAQ: CRAI), a global leader in economic, financial, and management consulting services, has announced its upcoming third-quarter fiscal 2024 financial results conference call. The event is scheduled for Thursday, October 31, 2024, at 10:00 a.m. ET. The call will be hosted by key executives including President and CEO Paul Maleh, CFO Daniel Mahoney, and Chief Corporate Development Officer Chad Holmes.
Investors and interested parties can access the live webcast through the 'Investor Relations' section of CRA's website at www.crai.com. For those preferring to listen via telephone, dial-in numbers are provided. Prior to the call, CRA will post the earnings press release and supplemental financial information, including prepared CFO remarks, on their website. An archived version of the webcast and financial materials will be available on the company's website for one year following the call.
CRA International (NASDAQ: CRAI) has announced an upcoming auction process for FirstEnergy Pennsylvania Electric Company (FE PA) to procure full requirements Default Supply generation service. The auctions, scheduled for November 12, 2024, will use a descending-price clock format and are part of FirstEnergy's Pennsylvania Default Service Program (DSP-VI).
Key dates include:
- Information session for prospective bidders: September 26, 2024
- Part 1 Applications: September 27 - October 9
- Part 2 Applications: October 16 - November 4
The November DSP-VI auction will offer residential and commercial fixed-price products with 12-month and 24-month delivery periods starting June 2025. CRA International will serve as the Independent Evaluator and Auction Manager. More information is available at www.fepaauction.com.
Charles River Associates (NASDAQ: CRAI), a leading provider of economic, financial, and management consulting services, has announced its participation in two upcoming investor conferences. The company will attend the 17th Annual Barrington Research Virtual Fall Investment Conference on September 12, 2024, engaging in virtual one-on-one meetings. Additionally, CRA will participate in the Sidoti Small-Cap Virtual Conference on September 18-19, 2024, which includes a virtual company presentation and one-on-one meetings.
The Sidoti presentation is scheduled for September 18 at 10:45 a.m. ET and will be accessible via live webcast on CRA's investor relations website. An archived version will be available post-event. CRA's management team will be available for investor meetings during both conferences, providing opportunities for in-depth discussions about the company's operations and outlook.
Argan, Inc. (NYSE: AGX) has announced the retirement of Chief Financial Officer Richard H. Deily, effective September 15, 2024. Deily, 71, has had a 40-year career in senior financial management, including 17 years with Argan. Josh Baugher, currently Vice President and Corporate Controller, will succeed Deily as CFO.
Baugher brings nearly 20 years of financial leadership experience, having previously worked at Charles River Associates and CohnReznick. He is a licensed CPA in Maryland with a BS in accounting from George Mason University. Argan's CEO, David Watson, praised Deily's contributions and expressed confidence in Baugher's abilities to lead the finance team going forward.
CRA International (NASDAQ: CRAI) has announced an upcoming auction process for FirstEnergy Corp.'s (NYSE: FE) Ohio subsidiaries to procure full requirements service for their Standard Service Offer customers. The auction, scheduled for October 1, 2024, will use a descending-price clock format and will be managed by CRA International as the Auction Manager.
Key dates include:
- Information Session for prospective bidders: August 21, 2024
- Part 1 Applications acceptance: August 22 - September 3, 2024
- Part 2 Application submission window: Begins September 9, 2024
The auction process is subject to approval from the Public Utilities Commission of Ohio (PUCO). Interested parties can find more information on the Auction Information Website at firstenergycbp.com.
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