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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 (CRAI) has announced a live webcast of its third-quarter 2022 financial results conference call scheduled for November 3, 2022, at 10:00 a.m. ET. The call will feature insights from executives including CEO Paul Maleh and CFO Daniel Mahoney. Interested parties can listen through CRA's Investor Relations website. Additionally, prior to the call, CRA will release its financial results and supplemental information online. Archived materials will remain accessible for one year.
Charles River Associates (NASDAQ: CRAI) announced the appointment of Kenneth J. Beers as Vice President in the Life Sciences Practice. With over 15 years in the biopharmaceutical sector, Beers specializes in early-stage therapies and technology integration. His previous roles include partner at an analytics firm and CEO of INTUS. CRA's CEO, Paul Maleh, emphasized Beers' expertise in enhancing advanced analytics and strategic insights for their clients. This addition strengthens CRA's capabilities in addressing complex challenges in the life sciences sector.
Charles River Associates (NASDAQ: CRAI) announced participation in the 2022 Sidoti Small-Cap Virtual Conference on September 21, 2022. CEO Paul Maleh will present at 10:45 a.m. ET, while CFO Daniel Mahoney and Chief Corporate Development Officer Chad Holmes will conduct one-on-one virtual meetings with investors. The event aims to showcase CRA's expertise in economic, financial, and management consulting services to a broader audience. A live webcast will be accessible via the company's investor relations website.
Charles River Associates (NASDAQ: CRAI), a leader in economic and financial consulting, will attend the 15th Annual Barrington Research Fall Investment Conference on September 8, 2022. Key executives, including President Paul Maleh, CFO Daniel Mahoney, and Chief Corporate Development Officer Chad Holmes, will engage in virtual one-on-one investor meetings. The firm specializes in providing consulting services that navigate economic, litigation, and regulatory challenges.
CRA International, Inc. (NASDAQ: CRAI) announced a successful procurement process for Indiana’s Crossroads EV Corridor, promoting electric vehicle (EV) use with a network of charging stations. The RFP attracted 17 vendors, with Shell Recharge selected to deploy fast-charging equipment. The project, backed by grants from the Indiana Department of Environmental Management, will enhance air quality and is expected to launch its first chargers by December 2022 and complete by December 2023. The initiative illustrates the growing maturity of EV technology and demand for extensive charging networks.
Charles River Associates (NASDAQ: CRAI) has announced a new five-year revolving credit facility totaling up to $250 million, expandable to $200 million during specific periods. This facility replaces an existing one worth $175 million and aims to enhance working capital for business growth. The new arrangement includes improved financial covenants and pricing, involving a syndicate that includes TD Bank, Eastern Bank, and Brookline Bank. The funds will be utilized for repaying previous debts and other corporate needs.
Charles River Associates (NASDAQ: CRAI) announced its participation in the 13th Annual Midwest IDEAS Investor Conference on August 24, 2022, at the Gwen Hotel in Chicago. Chief Corporate Development Officer Chad Holmes will present at 9:30 a.m. CT (10:30 a.m. ET), followed by one-on-one meetings with investors. An audio replay of the presentation will be available on the company’s investor relations website about one hour after the event concludes. CRA specializes in economic, financial, and management consulting services.
Charles River Associates (NASDAQ: CRAI) reported record quarterly revenue of $149.1 million for Q2 FY2022, a 0.6% year-over-year increase. Net income rose to $11.6 million, while earnings per diluted share increased by 2.6% to $1.57. The company reaffirmed its revenue guidance for FY2022 between $585 million to $605 million and raised EBITDA guidance, now expecting an EBITDA margin of 11.3% to 12.0%. CRA returned $20 million to shareholders through dividends and share repurchases.
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