Cra Intl Inc Stock Price, News & Analysis

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.

Charles River Associates (NASDAQ: CRAI) has declared a quarterly cash dividend of $0.31 per common share, to be paid on September 9, 2022. Shareholders of record as of August 30, 2022 will receive this dividend. CRAI has expressed intentions to maintain quarterly dividends, although future declarations are subject to board discretion. This announcement reflects CRA's ongoing commitment to returning value to its shareholders.