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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) reported record quarterly revenue of $148.4 million for Q1 fiscal 2022, marking a 1.3% year-over-year increase. Net income rose 8.8% to $11.4 million, with earnings per diluted share increasing 13.4% to $1.52. The company also reaffirmed its full-year revenue guidance of $585 million to $605 million. Additionally, CRA returned $7.4 million to shareholders through dividends and share repurchases. The strong performance was supported by double-digit revenue growth across five business practices.
Charles River Associates (NASDAQ: CRAI) has declared a quarterly cash dividend of $0.31 per common share, scheduled for payment on June 10, 2022. Shareholders on record as of May 31, 2022 will receive this dividend. The company expresses its intent to continue paying quarterly dividends, though the timing and amounts are subject to the Board's discretion. This announcement reflects CRAI's commitment to returning value to shareholders amid a competitive consulting landscape.
Charles River Associates (CRAI) announced a live webcast for its first-quarter 2022 financial results conference call on May 5, 2022, at 10:00 a.m. ET. The call will be hosted by CEO Paul Maleh, CFO Daniel Mahoney, and Chief Corporate Development Officer Chad Holmes. Investors can access the call via CRA’s website or by phone. A press release detailing the financial results will be posted beforehand, with archived access available for one year. CRA specializes in economic, financial, and management consulting, providing insights into strategic business challenges.
Charles River Associates (NASDAQ: CRAI) has announced the promotion of five vice presidents across various practice areas, reflecting the company's growth and employee recognition. The promoted individuals are Clayton Reck (Labor & Employment), Kaitlyn Edsall, Kristen Backor (Life Sciences), Matthew Ahrens (Forensic Services), and Susan Competello (Risk, Investigations & Analytics). President Paul Maleh praised their contributions and commitment. This leadership enhancement may strengthen the firm’s consulting capabilities and client service delivery.
Charles River Associates (NASDAQ: CRAI) will present at Sidoti & Company’s Spring Small Cap Virtual Conference on March 23, 2022, at 11:30 a.m. ET. The presentation will be led by President and CEO Paul Maleh, and a live webcast will be available on the Company’s investor relations website. Attendees can engage in a virtual Q&A session. Additionally, CFO Daniel Mahoney and Chief Corporate Development Officer Chad Holmes will participate in one-on-one meetings with investors. Charles River Associates specializes in economic, financial, and management consulting services.
Charles River Associates (NASDAQ: CRAI) reported record revenue for fiscal 2021, achieving $565.9 million, a growth of 11.3% year over year. Despite a 1.9% decline in Q4 2021 revenue to $134.8 million, net income surged 29.3% to $8.7 million. Full-year GAAP net income rose 70.1% to $41.7 million, translating to $5.45 per diluted share. The company plans revenue guidance for fiscal 2022 between $585 million and $605 million, with EBITDA margins projected at 10.8% to 11.5%. A quarterly dividend of $0.31 per share was announced, payable on March 25, 2022.
Charles River Associates (NASDAQ: CRAI) has declared a quarterly cash dividend of $0.31 per share, payable on March 25, 2022, to shareholders on record by March 15, 2022. This announcement emphasizes the company's confidence in its ongoing financial stability and commitment to returning value to shareholders. The Board of Directors indicated that future dividends will be considered at their discretion, while CRAI continues to provide economic, financial, and management consulting services globally.
Charles River Associates (NASDAQ: CRAI) has successfully acquired Welch Consulting, enhancing its Labor and Employment Practice. The acquisition, completed on
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