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CRA International, Inc. reports news under the Charles River Associates name as a global consulting firm focused on economic, financial and management consulting services. Its updates commonly cover quarterly results, revenue performance by Legal & Regulatory and Management Consulting offerings, and practice activity in areas such as Antitrust & Competition Economics, Energy, Finance, Forensic Services and Life Sciences.
Company announcements also address capital-return actions, including quarterly cash dividends, additions and promotions of senior consulting talent, investor conference participation, and board governance developments. CRA's business news is tied to litigation and regulatory advisory work, corporate strategy and performance consulting, and geographic performance across North American and international operations.
Charles River Associates (NASDAQ: CRAI) will present at the Sidoti Small-Cap Virtual Conference on March 22, 2023, at 10:45 a.m. ET. The presentation will feature Chairman and CEO Paul Maleh, along with CFO Daniel Mahoney and Chief Corporate Development Officer Chad Holmes, who will engage in virtual one-on-one meetings with investors on March 22 and 23. A live webcast will be accessible via the Company's investor relations website. CRA is a leading global consulting firm specializing in economic, financial, and management consulting services, providing unique solutions to complex business issues since 1965.
CRA International, Inc. (NASDAQ: CRAI) announced an RFP auction for FirstEnergy Corp.'s (NYSE: FE) Ohio utilities, aimed at procuring full requirements service for Percentage of Income Payment Plan (PIPP) customers. The auction, managed by CRA, will obligate the winning supplier to serve all PIPP loads for June 2023 through May 2024. An information session for prospective bidders is scheduled for March 9, with supplier applications open from March 10 to March 23, and bids from registered bidders due on March 28. This initiative underscores CRA's expertise in economic and management consulting services.
Charles River Associates (NASDAQ: CRAI) reported record revenue and profits for the fourth quarter and fiscal year ended December 31, 2022. Fourth-quarter revenue increased by 7.6% year-over-year to $145.0 million, with a notable 8.2% growth from North America. Full-year revenue rose 4.4% to $590.9 million, and net income grew 4.7% to $43.6 million. The company announced a $20 million increase in its share repurchase authorization and a dividend payment of $0.36 per share. Guidance for FY 2023 anticipates revenue between $615 million and $640 million.
Charles River Associates (CRAI) announced a quarterly cash dividend of $0.36 per common share, scheduled for payment on March 24, 2023. Shareholders of record as of the close of business on March 14, 2023 will receive this dividend. CRA emphasizes its intent to continue paying quarterly dividends, subject to the discretion of its Board of Directors. This announcement reflects the company's commitment to returning value to its shareholders amid ongoing economic conditions and operational strategies.
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Charles River Associates (CRAI) will host a live webcast of its fourth-quarter 2022 financial results conference call on March 2, 2023, at 10:00 a.m. ET. Key executives including President and CEO Paul Maleh, CFO Daniel Mahoney, and Chief Corporate Development Officer Chad Holmes will participate. Investors can access the call via the Investor Relations section of CRA's website. A press release detailing the fourth-quarter financial results and CFO remarks will be posted prior to the call. An archived version of the webcast will be available for one year.
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Charles River Associates (CRAI) announced the addition of Jeffrey A. Garfield and Waqas Shahid as Vice Presidents in its Forensic Services Practice. Garfield brings nearly 20 years of experience in financial and fraud investigations, while Shahid is an expert in regulatory and compliance issues. The firm aims to bolster its capabilities to assist clients in detecting and responding to fraud and misconduct, leveraging expertise to provide scalable, data-driven solutions. CRA's Forensic Services Practice is recognized for its commitment to delivering high-quality service and deep insights, enhancing its position in the industry.
Charles River Associates (NASDAQ: CRAI) has announced the addition of Alexandra Knatchbull as a vice president in its Risk, Investigations & Analytics Practice, starting January 30, 2023. Knatchbull, an accomplished investigative professional with over 15 years of experience, will lead investigative efforts in Europe. Her background includes roles in dispute resolution, fraud investigations, and risk management. Paul Maleh, CRA's CEO, highlighted her expertise in complex legal and business challenges. The move is aimed at bolstering CRA's service capabilities in a competitive market.
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