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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) has launched a new integrated hydrogen offering, aimed at addressing strategy, organization, and operations in the energy transition sector. The initiative is bolstered by the addition of two senior consultants, Rod Davies and Anthony Meggs, who bring extensive experience from the energy industry, including leadership roles at BP. The hydrogen offering is positioned to help clients navigate opportunities in the hydrogen market as it plays a crucial role in the shift towards a lower carbon future.
Charles River Associates (NASDAQ: CRAI) will present at the Sidoti & Company Virtual Investor Conference on June 23, 2021. The presentation will be led by Paul Maleh, President and CEO, at 9:15 a.m. ET. A live webcast is accessible on the Company's investor relations website, allowing online attendees to engage in a virtual Q&A session. Maleh and Chad Holmes, Chief Corporate Development Officer, will also hold one-on-one meetings with investors. This event highlights CRA's expertise in economic, financial, and management consulting services.
Charles River Associates (NASDAQ: CRAI) will take part in the 2021 East Coast IDEAS Investor Conference on June 16, 2021. Key executives, including President Paul Maleh, CFO Daniel Mahoney, and Chief Corporate Development Officer Chad Holmes, will hold one-on-one meetings with investors. CRA specializes in economic, financial, and management consulting services, advising clients on litigation, regulatory matters, and business strategy. Founded in 1965 and headquartered in Boston, CRA has a global presence and offers expert solutions to complex problems.
Charles River Associates (NASDAQ: CRAI) announced the appointment of Daniel Roffman as vice president in the Forensic Services Practice. Roffman, with over 20 years of experience in digital forensics and information security, aims to enhance the company's capabilities in high-stakes cyber investigations. His background includes leadership roles at an international consulting firm and the U.S. Department of Justice. CRA’s Forensic Services Practice, known for its expertise in fraud and cyber incident response, is ISO 27001 certified, demonstrating a commitment to client information security.
Charles River Associates (NASDAQ: CRAI) reported a record quarterly revenue of $146.5 million for the fiscal first quarter ended April 3, 2021, reflecting a 16.1% year-over-year increase. Key drivers of growth included a 4.8% rise in headcount and a 76% utilization rate. Net income surged 62.4% to $10.5 million, while earnings per diluted share rose 67.5% to $1.34. CRA returned $11.7 million to shareholders through dividends and share repurchases. The company also raised its revenue guidance for the full year to between $550 million and $570 million.
Charles River Associates (NASDAQ: CRAI) has declared a quarterly cash dividend of $0.26 per common share, payable on June 11, 2021, to shareholders recorded by the close of business on May 25, 2021. This decision reflects the company's commitment to returning value to its shareholders. CRAI aims to continue its dividend payments, which are subject to the discretion of its Board of Directors. The firm specializes in economic, financial, and management consulting services, advising clients on critical business strategies.
Charles River Associates (NASDAQ:CRAI) has appointed Raquel Tamez as the first Chief Inclusion and Engagement Officer, effective June 1. This move aims to enhance the firm's commitment to diversity, equity, and inclusion (DE&I) initiatives globally. Tamez, previously CEO of the Society of Hispanic Professional Engineers, brings extensive experience in DE&I and legal expertise. CRA's President, Paul Maleh, expressed confidence that Tamez's leadership will strengthen the company's culture and better align it with client and community needs.
Charles River Associates (NASDAQ: CRAI) will host a webcast of its Q1 2021 financial results conference call on May 6, 2021, at 10:00 a.m. ET. The call will feature insights from key executives, including President and CEO Paul Maleh, CFO Daniel Mahoney, and Chief Corporate Development Officer Chad Holmes. Investors can access the live webcast through the 'Investor Relations' section of CRA's website and will have the opportunity to listen via telephone. An archived version will be available for one year post-event.
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