Cra Intl Inc Stock Price, News & Analysis

Charles River Associates (NASDAQ: CRAI) reported strong financial results for the fiscal third quarter ended October 1, 2022, achieving $148.4 million in revenue, an 8.8% year-over-year increase. Key areas of growth included double-digit revenue increases in five practices. Net income rose 8.5% to $11.9 million, while earnings per diluted share improved 13.2% to $1.63. The company raised its full-year revenue guidance to $600 million to $608 million and increased its quarterly dividend by 16% to $0.36. Despite this growth, management acknowledged potential uncertainties affecting future performance.

Charles River Associates (NASDAQ: CRAI) announced a 16% increase in its quarterly cash dividend from $0.31 to $0.36 per share. The dividend will be paid on December 9, 2022 to shareholders of record by the close of business on November 29, 2022. This decision reflects the company’s confidence in its ongoing business strategy and financial stability, with an expectation of continuing quarterly dividends, subject to Board discretion.

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.