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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.
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.
Charles River Associates (NASDAQ: CRAI) will present at Sidoti & Company’s Winter Small Cap Conference on January 19, 2022, at 9:15 a.m. EST. CEO Paul Maleh will lead the presentation, which will also feature a live Q&A session. The event can be accessed via the Company’s investor relations website. Alongside Maleh, CFO Daniel Mahoney and Corporate Development Officer Chad Holmes will hold one-on-one meetings with investors. CRA specializes in economic, financial, and management consulting services.
Charles River Associates (CRAI) announced the appointment of Elizabeth Bailey as Vice President in its Antitrust & Competition Economics Practice based in Oakland. Dr. Bailey is an expert in antitrust, competition policy, and intellectual property, with extensive consulting experience in the U.S., Canada, and Europe. Recognized multiple times in Who’s Who Legal: Competition, she brings a strong background in economic analysis for mergers and acquisitions. CRA's leadership expressed confidence that her expertise will enhance their antitrust team and contribute to client success.
Charles River Associates (NASDAQ: CRAI) has announced the appointment of Peggy Daley as Vice President in its Forensic Services Practice. Ms. Daley, a noted forensic expert, has extensive experience as an expert witness in consumer class actions related to privacy violations. Her addition aims to bolster CRA's capabilities in high-profile investigations, including fraud and compliance issues. Recognized for her leadership in forensic investigations, she has held various significant roles and has been honored by Who’s Who Legal and Chambers and Partners. This strategic move enhances CRA's service offering to clients.
Charles River Associates (NASDAQ: CRAI) is set to participate in the 2021 Furey Research Partners Hidden Gems Conference. The event will feature virtual one-on-one meetings with investors, scheduled for November 17 and 18, 2021. Key executives participating include President and CEO Paul Maleh, CFO Daniel Mahoney, and Chief Corporate Development Officer Chad Holmes. As a leading consulting firm, CRA specializes in economic, financial, and management consulting services, assisting clients with complex legal and regulatory issues.
Charles River Associates (NASDAQ: CRAI) reported a 12.0% revenue growth year-over-year, reaching $136.4 million for the fiscal third quarter ended October 2, 2021. This marks the 23rd consecutive quarter of growth, with net income rising 102.6% to $10.9 million and EPS increasing 111.8% to $1.44. However, the company is lowering its full-year revenue guidance to $560 million to $570 million due to employee vacation time impacting growth. CRA also announced a 19% increase in its quarterly dividend to $0.31.
Charles River Associates (NASDAQ: CRAI) announced a 19% increase in its quarterly cash dividend, raising it from
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