Welcome to our dedicated page for Cra Intl news (Ticker: CRAI), a resource for investors and traders seeking the latest updates and insights on Cra Intl 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.
Charles River Associates (NASDAQ: CRAI) has expanded its Finance Practice by appointing Professor Christopher J. Palmer as a Senior Consultant. Palmer, currently an Associate Professor of Finance at MIT Sloan School of Management, brings expertise in consumer finance, real estate finance, and banking.
Palmer has previously served as an expert before the Delaware Court of Chancery and holds positions as a Research Associate at the National Bureau of Economic Research, an Affiliate with the Jameel Poverty Action Lab, and a Visiting Scholar at Harvard Business School. His research specializes in credit, real estate, and labor markets' responses to significant upheaval.
The appointment strengthens CRA's capabilities in corporate finance, mergers, securities, and complex commercial disputes. Palmer holds a BA in economics and mathematics from Brigham Young University and a PhD in economics from MIT.
CRA International, Inc. (NASDAQ: CRAI) has announced an auction process for FirstEnergy Pennsylvania Electric Company (FE PA) to procure full requirements Default Supply generation service. The auctions, scheduled for April 14, 2025, will use a descending-price clock format and be managed by CRA International as the Independent Evaluator and Auction Manager.
These auctions are part of FirstEnergy's Pennsylvania Default Service Program (DSP-VI) approved by the Pennsylvania Public Utility Commission, continuing the series that began in November 2022. An information session for prospective bidders will be held on February 26, 2025.
The application process includes two parts: Part 1 Applications (February 27-March 12) and Part 2 Applications (March 19-April 1). Products being procured include 12-month and 24-month residential and commercial class products (delivery period June 2025 through May 2026/2027) and a 12-month industrial class product.
Charles River Associates (NASDAQ: CRAI) reported strong financial results for Q4 and full-year 2024. Q4 revenue grew 9.2% year-over-year to $176.4 million, with double-digit growth in Energy, Finance, and Intellectual Property practices. Q4 net income increased 30.8% to $15.0 million.
Full-year 2024 revenue grew 10.2% to $687.4 million with 75% utilization. Annual net income rose 21.2% to $46.7 million. The company returned $45.6 million to shareholders through $12.3 million in dividends and $33.3 million in share repurchases.
For fiscal 2025, CRA expects revenue between $715-735 million and non-GAAP EBITDA margin of 12.0-13.0%. The Board authorized a $45 million expansion of the share repurchase program and declared a quarterly dividend of $0.49 per share.
Charles River Associates (NASDAQ: CRAI) has announced a quarterly cash dividend of $0.49 per common share. The dividend will be paid on March 14, 2025, to shareholders of record as of the close of business on March 4, 2025. The company, which specializes in economic, financial, and management consulting services, has expressed its intention to continue paying quarterly dividends, though future declarations, timing, and amounts remain subject to the Board of Directors' discretion.
Charles River Associates (NASDAQ: CRAI) has announced it will host its fourth-quarter 2024 financial results conference call on Thursday, February 20, 2025, at 10:00 a.m. ET. The conference call will be led by President and CEO Paul Maleh, CFO Daniel Mahoney, and Chief Corporate Development Officer Chad Holmes.
The company will provide a live webcast through the 'Investor Relations' section of their website, with telephone access available via (877) 709-8155 or (201) 689-8881. Prior to the call, CRA will release their financial results, supplemental financial information, and prepared CFO remarks on their website. All materials, including an archived version of the webcast, will remain accessible on CRA's website for one year.
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.
FAQ
What is the current stock price of Cra Intl (CRAI)?
What is the market cap of Cra Intl (CRAI)?
What services does CRA International, Inc. provide?
Where is CRA International, Inc. headquartered?
Who are CRA International, Inc.'s typical clients?
When was CRA International, Inc. founded?
How does CRA International, Inc. generate revenue?
Does CRA International, Inc. have global operations?
What industries does CRA International, Inc. serve?
What recent projects has CRA International, Inc. undertaken?
How can one explore career opportunities at CRA International, Inc.?
What sets CRA International, Inc. apart from other consulting firms?
