Cra Intl Inc Stock Price, News & Analysis

Charles River Associates (NASDAQ: CRAI) announced its participation in the Sidoti Small-Cap Virtual Conference scheduled for December 7, 2022. Chairman and CEO Paul Maleh will present at 10:45 a.m. ET, with a live webcast available on the company's investor relations website. Additionally, CFO Daniel Mahoney and Chief Corporate Development Officer Chad Holmes will conduct one-on-one meetings with investors. CRA is renowned for its economic, financial, and management consulting services, serving clients globally since 1965.

Charles River Associates (NASDAQ: CRAI) announced its acquisition of bioStrategies Group, Inc. on November 29, 2022, expanding its Life Sciences Practice. The acquisition involves purchasing substantially all assets and retaining 17 employees, including notable figures Mike Kaestle and Chris Schneider as vice presidents. This move is expected to enhance CRA's capabilities in commercial strategy development for healthcare products. The leadership emphasized the synergies and expertise that the bioStrategies team will bring to address client needs.

Charles River Associates (NASDAQ: CRAI) announced the appointment of Professor Heather E. Tookes to its Board of Directors as an independent director, effective December 8, 2022. Professor Tookes, a finance professor at Yale School of Management and an expert in corporate finance, will serve on the Compensation and Nominating and Corporate Governance Committees. Chairman and CEO Paul Maleh expressed confidence in her ability to enhance shareholder value and strategic growth.

Charles River Associates (NASDAQ: CRAI) will present at the Southwest IDEAS Investor Conference on November 17, 2022, in Dallas, Texas. The company's President and CEO Paul Maleh is set to present at 7:20 a.m. CT / 8:20 a.m. ET. Additionally, CFO Daniel Mahoney and Chief Corporate Development Officer Chad Holmes will engage in one-on-one investor meetings. CRA specializes in economic, financial, and management consulting services, advising clients on vital economic and financial matters.

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.