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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 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.
Charles River Associates (NASDAQ: CRAI) has expanded its Intellectual Property Practice by hiring 20 consultants, including two vice presidents, Chris Bakewell and Julia Rowe. The addition of top talent enhances CRA's expertise in intellectual property valuation, licensing, and strategy, addressing complex business and economic issues as new technologies rapidly develop. This strategic move aims to provide clients with specialized support in matters related to IP assets, such as patent infringement, trademark infringement, copyright infringement, and international trade issues. The new team members bring a wealth of experience and expertise to CRA's Intellectual Property Practice, positioning the firm as a leader in the field.
Charles River Associates (CRA) reported record-breaking financial results for the first quarter of 2024, with revenue increasing by 12.4% to $171.8 million. The company achieved new quarterly records for net income, earnings per diluted share, and EBITDA. Eight out of eleven practices experienced growth, driving the strong financial performance. CRA also returned $12.3 million to shareholders through dividends and share repurchases. The company reaffirmed its financial guidance for full-year fiscal 2024, expecting revenue in the range of $645 million to $675 million.
Charles River Associates (CRA) has declared a quarterly cash dividend of $0.42 per common share. The dividend will be paid on June 14, 2024, to shareholders of record as of May 28, 2024. The company plans to continue paying quarterly dividends, subject to the discretion of the Board of Directors.
Charles River Associates (CRA) has strengthened its Antitrust & Competition Economics Practice by welcoming Dr. Svend Albæk, a former deputy chief economist of the European Commission's Directorate-General for Competition, as a senior consultant. With over 25 years of experience in European competition policy development, Dr. Albæk's addition enhances CRA's team, providing clients with expert economic analysis and regulatory advice worldwide.
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