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.
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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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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.
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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.