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CRA International Inc. (CRAI), operating as Charles River Associates, is a globally recognized consulting firm specializing in providing expert advisory services in economic, financial, litigation, regulatory, and management consulting. Founded in 1965 and headquartered in Boston, Massachusetts, CRAI has established itself as a trusted partner for businesses, government agencies, and trade associations seeking objective and data-driven solutions to complex challenges.
Core Business Areas
CRAI's operations are structured around delivering high-value consulting services across several critical domains:
- Litigation and Regulatory Consulting: The company provides economic and financial analysis to support litigation and regulatory proceedings, assisting clients in navigating complex legal and compliance landscapes.
- Management Consulting: CRAI advises businesses on strategic and operational issues, helping them optimize performance, enhance efficiency, and achieve long-term goals.
- Financial Advisory: The firm offers expert guidance on financial matters, including valuation, risk management, and transaction advisory.
Global Reach and Industry Expertise
With offices spanning multiple countries, including the United States and the United Kingdom, CRAI serves a diverse clientele ranging from multinational corporations to government entities and trade associations. The firm's industry expertise is broad, covering sectors such as healthcare, energy, telecommunications, and financial services. This extensive knowledge base enables CRAI to tailor its consulting services to the specific needs of each client, ensuring actionable and impactful outcomes.
Revenue Model
CRAI primarily generates revenue through project-based engagements and long-term advisory retainers. Its business model relies on delivering bespoke solutions that address the unique challenges faced by its clients. By combining technical expertise with strategic insights, CRAI creates significant value, justifying its premium consulting fees.
Competitive Landscape
Operating in the highly competitive professional services industry, CRAI faces competition from global consulting giants such as McKinsey & Company, Boston Consulting Group, and specialized firms focusing on economic and financial consulting. CRAI differentiates itself through its unique blend of functional expertise and deep industry knowledge, as well as its commitment to providing objective, data-driven solutions.
Significance in the Industry
CRAI plays a pivotal role in addressing critical business and regulatory challenges. Its ability to provide rigorous analysis and strategic guidance makes it an indispensable partner for organizations navigating complex environments. By leveraging its global presence and multidisciplinary expertise, CRAI continues to be a key player in the consulting industry.
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
CRA International, Inc. (NASDAQ: CRAI) has announced an RFP auction for FirstEnergy Corp.'s (NYSE: FE) Ohio utilities, focusing on their Percentage of Income Payment Plan (PIPP) customers. The winning supplier will provide service for a 12-month period from June 2022 to May 2023. The auction will be managed by CRA, and an Information Session for bidders is planned for February 24, 2022, with applications accepted starting February 25 and due by March 10. Bids from Registered Bidders will be submitted on March 21.
Charles River Associates (CRAI) has announced a live webcast of its fourth-quarter 2021 financial results conference call scheduled for March 3, 2022, at 10:00 a.m. ET. The call will be led by President and CEO Paul Maleh, CFO Daniel Mahoney, and Chief Corporate Development Officer Chad Holmes. Investors can access the call via the Investor Relations section on CRA's website. An archived version of the webcast and financial information will be available for one year, enhancing transparency for stakeholders.
Charles River Associates (CRAI) has authorized a $20 million expansion of its share repurchase program, demonstrating confidence in its business and commitment to returning capital to shareholders. The company repurchased $5 million in stock during Q4 FY2021 at an average price of $97.38, leaving $30.5 million remaining under its previous authorization. CRA aims to return half of adjusted net cash flows to shareholders while investing for growth, indicating a focus on maximizing long-term shareholder value.
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