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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 announced the appointment of David Walls as Vice President in its Energy Practice, based in Boston. With over 40 years of experience in the energy sector, Walls specializes in clean energy, renewables, and decarbonization. He has a strong background in advising utilities and government organizations on power industry trends and emerging technologies. His expertise is expected to enhance CRA's capabilities in energy consulting. Prior to CRA, Walls held senior roles at Navigant Consulting and Arthur D. Little.
Charles River Associates (CRAI) announced a webcast for its fourth-quarter 2020 financial results, scheduled for March 4, 2021, at 10:00 a.m. ET. The conference call will feature key executives including President and CEO Paul Maleh and CFO Daniel Mahoney. Investors can access live updates through CRA's Investor Relations page. An archived version of the webcast will also be available on their website for one year following the event. This upcoming call highlights CRA's commitment to transparency and investor engagement.
Charles River Associates (NASDAQ: CRAI) has expanded its share repurchase program by $40 million, indicating strong confidence in its financial health. The company repurchased $9.5 million in stock at an average price of $53.57 during Q4 FY2020 and Q1 FY2021. This initiative is part of CRA's strategy to return half of adjusted net cash flows from operations to shareholders, supporting its commitment to maximizing long-term shareholder value. The company retains $5.2 million under its previous authorization and emphasizes a focus on both capital return and business growth.
Charles River Associates (NASDAQ: CRAI) has increased its revolving credit facility from $125 million to $175 million, adding $50 million in commitments to support growth and general corporate purposes. In the fiscal year ended January 2, 2021, CRA's maximum loan borrowings were $70 million, fully repaid by year-end. CEO Paul Maleh emphasized the importance of this facility in managing working capital, noting CRA's significant expansion since 2013. The credit increase aims to provide financial flexibility for ongoing growth and enhance capital return to shareholders.
Charles River Associates (NASDAQ: CRAI) announces the return of Bradley Wendt as a Senior Consultant in their Finance Practice. Wendt, previously a Senior Advisor at the U.S. Department of the Treasury, brings a wealth of experience in financial markets and regulatory compliance. His expertise includes managing complex fiscal issues for Puerto Rico and leading significant financial initiatives at Goldman Sachs, where he helped establish their municipal capital markets group. CRA leaders believe Wendt's return will enhance client offerings in fixed income markets and securities pricing.
Charles River Associates (NASDAQ: CRAI) announced its participation in Sidoti & Company’s Virtual Investor Conference on January 13, 2021. The company's President and CEO, Paul Maleh, will present at 1:45 p.m. EST. A live webcast of the presentation will be accessible via the company's investor relations website, enabling attendees to submit questions during a virtual Q&A session. Key executives, including CFO Daniel Mahoney and Chief Corporate Development Officer Chad Holmes, will also engage in virtual one-on-one meetings with investors.
CRA International, Inc. (NASDAQ: CRAI) has announced a Request for Proposal (RFP) auction for FirstEnergy Corp.'s Ohio utilities, aimed at procuring full requirements service for their Percentage of Income Payment Plan (PIPP) customers. The selected supplier will serve the PIPP load for a 12-month delivery period from June 2021 to May 2022. An Information Session for potential bidders is set for January 14, 2021, with applications due by January 29 and bidding on February 8. CRA, a leader in consulting services, will manage the auction process.
Charles River Associates (NASDAQ: CRAI) will participate in two virtual investor conferences. On November 18, 2020, CEO Paul Maleh, CFO Daniel Mahoney, and CDO Chad Holmes will hold one-on-one meetings at the Southwest IDEAS Investor Conference. The following day, November 19, 2020, Maleh will present at the Sidoti Virtual Microcap Conference at 1:00 PM ET, accompanied by Mahoney and Holmes for additional meetings. This proactive engagement reflects CRA’s commitment to transparency and investor relations.
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