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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 strengthened its Energy Practice by appointing Matthew DeCourcey as a Vice President. With 20 years of experience in the energy sector, DeCourcey brings expertise in utility regulation and finance. He will be based at CRA's Boston headquarters.
DeCourcey's unique background combines consulting and executive experience in the energy industry. He has led strategic advisory engagements, represented clients before regulators, and served as an expert witness. As an executive, he managed regulatory strategy, utility finance, and ratemaking. His expertise aligns with CRA's focus on helping clients navigate the global transition of energy systems.
Prior to joining CRA, DeCourcey was a vice president overseeing rates and regulatory strategy at a utility holding company. He holds a BA in political science from the University of Massachusetts at Boston and an MBA from the University of Massachusetts at Amherst.
Charles River Associates (NASDAQ: CRAI) reported strong Q2 2024 financial results, with revenue increasing 5.9% year-over-year to $171.4 million. The company raised its full-year fiscal 2024 guidance for both revenue and profit. Key highlights include:
- Utilization at 74%, with a slight 0.3% decrease in quarter-end headcount
- Net income decreased 31.2% to $6.5 million, while non-GAAP net income increased 26.4% to $12.7 million
- Earnings per diluted share decreased 29.9% to $0.94, non-GAAP EPS increased 28.9% to $1.83
- Non-GAAP EBITDA increased 18.5% to $22.3 million (13.0% of revenue)
- CRA returned $27.0 million to shareholders through dividends and share repurchases
The company now expects full-year fiscal 2024 revenue between $670.0-$685.0 million and non-GAAP EBITDA margin of 12.2-13.0%.
Charles River Associates (NASDAQ: CRAI), a global leader in economic, financial, and management consulting services, has announced a quarterly cash dividend of $0.42 per common share. The dividend will be paid on September 13, 2024, to shareholders of record as of the close of business on August 27, 2024. CRA expects to continue paying quarterly dividends, although the declaration, timing, and amounts remain subject to the discretion of the company's Board of Directors. This announcement demonstrates CRA's commitment to returning value to shareholders and confidence in its financial stability.
Charles River Associates (NASDAQ: CRAI), a global leader in economic, financial, and management consulting services, has announced its upcoming second-quarter fiscal 2024 financial results conference call. The call is scheduled for Thursday, August 1, 2024, at 10:00 a.m. ET and will be hosted by key executives including President and CEO Paul Maleh, CFO Daniel Mahoney, and Chief Corporate Development Officer Chad Holmes.
Investors and interested parties can access the live webcast through the 'Investor Relations' section of CRA's website. For those preferring to listen via telephone, dial-in numbers are provided. Prior to the call, CRA will release its Q2 2024 financial results, supplemental financial information, and prepared CFO remarks on their website. An archived version of the webcast and related materials will be available for one year post-call.
CRA International (NASDAQ: CRAI), also known as Charles River Associates, has launched an enhanced trading platform for the Natural Fibre Exchange (NFX). The NFX platform, previously to domestic wool sales, now supports international transactions, unveiled at the June 24 trading event where nearly 90% of lots sold successfully. The platform aims to attract more global participants through a direct marketing campaign later this year. CRA Vice President Brad Miller highlighted the platform's role in providing credible prices and reliable information. CRA has conducted over 150 bi-weekly NFX trading events since 2018, similar to its other agricultural trading platforms.
Charles River Associates (NASDAQ: CRAI) has announced the addition of Morgan Magionos and Michelle Taylor as vice presidents in their Risk, Investigations & Analytics Practice. Both will be based in Washington, DC.
Morgan Magionos brings extensive experience in forensic accounting, anti-corruption, anti-money laundering, and financial fraud. She previously led a compliance team at a global telecommunications company and served as a forensic accountant at the FBI.
Michelle Taylor has a robust background in strategic advisory services and managing multijurisdictional investigations. She has worked with the FBI on public corruption, counterterrorism, and national security issues and held leadership roles in the private sector.
Their addition aims to enhance CRA's capabilities in investigating complex legal, regulatory, and compliance matters.
Charles River Associates (NASDAQ: CRAI) will participate in the Noble Capital Markets Emerging Growth Virtual Conference. The event will feature a presentation by CRA's Chairman and CEO, Paul Maleh, at 9:00 a.m. ET on Thursday, June 27, 2024. The presentation will be accessible through a live webcast on the company's investor relations website, with a replay available post-event. Additionally, CRA's leadership team, including CEO Paul Maleh, CFO Daniel Mahoney, and Chief Corporate Development Officer Chad Holmes, will engage in virtual one-on-one meetings with investors on June 26 and 27.
Charles River Associates (NASDAQ: CRAI) announced the appointment of Christine Oumansour as Vice President in its Energy Practice. Oumansour, who will be based at CRA's Boston headquarters, brings nearly two decades of experience in the energy sector. She has advised a multitude of global energy companies on infrastructure projects and is recognized as a thought leader in the energy transition and capital expenditure (capex) space. Before joining CRA, Oumansour was a partner at a large management consulting firm and also held a leadership position at a specialty data and analytics firm.
Charles River Associates (NASDAQ: CRAI) announced the appointment of Jonathan Rajewski as Vice President in its Forensic Services Practice. Based in Houston, Rajewski brings nearly 20 years of experience in civil and criminal digital forensic investigations and expert testimony. He joins a team skilled in addressing cyber and intellectual property threats. Before CRA, Rajewski led incident response and digital forensics at a global consulting firm and served as a forensic examiner in Vermont. He founded and directed the Senator Patrick Leahy Center for Digital Investigation at Champlain College, where he was an associate professor. Rajewski holds multiple degrees and professional certifications and has been honored with awards, including the 2019 FBI Director’s Community Leadership Award.
Charles River Associates (NASDAQ: CRAI) announced its participation in the Sidoti Small-Cap Virtual Conference. Chairman and CEO Paul Maleh will present on June 12, 2024, at 11:30 a.m. ET. The presentation will be live-streamed on the company's investor relations website, with a replay available one hour post-event. CFO Daniel Mahoney and Chief Corporate Development Officer Chad Holmes will join Maleh for virtual one-on-one meetings with investors on June 12 and 13.
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