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CRA International Inc (CRAI) delivers economic consulting and regulatory analysis services to corporations, government agencies, and global institutions. This news hub provides investors and professionals with essential updates about the firm’s strategic initiatives, litigation support activities, and market leadership.
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Discover press releases detailing corporate milestones, leadership updates, and service expansions. The repository serves as a critical tool for understanding how CRA International navigates complex economic challenges while maintaining analytical rigor across global markets.
Bookmark this page for streamlined access to verified updates about CRAI’s consulting engagements and industry impact. Regular visits ensure awareness of how the firm addresses evolving regulatory landscapes and business strategy demands.
Charles River Associates (NASDAQ: CRAI) has increased its revolving credit facility from $125 million to $175 million, adding $50 million in commitments to support growth and general corporate purposes. In the fiscal year ended January 2, 2021, CRA's maximum loan borrowings were $70 million, fully repaid by year-end. CEO Paul Maleh emphasized the importance of this facility in managing working capital, noting CRA's significant expansion since 2013. The credit increase aims to provide financial flexibility for ongoing growth and enhance capital return to shareholders.
Charles River Associates (NASDAQ: CRAI) announces the return of Bradley Wendt as a Senior Consultant in their Finance Practice. Wendt, previously a Senior Advisor at the U.S. Department of the Treasury, brings a wealth of experience in financial markets and regulatory compliance. His expertise includes managing complex fiscal issues for Puerto Rico and leading significant financial initiatives at Goldman Sachs, where he helped establish their municipal capital markets group. CRA leaders believe Wendt's return will enhance client offerings in fixed income markets and securities pricing.
Charles River Associates (NASDAQ: CRAI) announced its participation in Sidoti & Company’s Virtual Investor Conference on January 13, 2021. The company's President and CEO, Paul Maleh, will present at 1:45 p.m. EST. A live webcast of the presentation will be accessible via the company's investor relations website, enabling attendees to submit questions during a virtual Q&A session. Key executives, including CFO Daniel Mahoney and Chief Corporate Development Officer Chad Holmes, will also engage in virtual one-on-one meetings with investors.
CRA International, Inc. (NASDAQ: CRAI) has announced a Request for Proposal (RFP) auction for FirstEnergy Corp.'s Ohio utilities, aimed at procuring full requirements service for their Percentage of Income Payment Plan (PIPP) customers. The selected supplier will serve the PIPP load for a 12-month delivery period from June 2021 to May 2022. An Information Session for potential bidders is set for January 14, 2021, with applications due by January 29 and bidding on February 8. CRA, a leader in consulting services, will manage the auction process.
Charles River Associates (NASDAQ: CRAI) will participate in two virtual investor conferences. On November 18, 2020, CEO Paul Maleh, CFO Daniel Mahoney, and CDO Chad Holmes will hold one-on-one meetings at the Southwest IDEAS Investor Conference. The following day, November 19, 2020, Maleh will present at the Sidoti Virtual Microcap Conference at 1:00 PM ET, accompanied by Mahoney and Holmes for additional meetings. This proactive engagement reflects CRA’s commitment to transparency and investor relations.
Charles River Associates (NASDAQ: CRAI) reported financial results for the third quarter ending September 26, 2020, with revenue increasing 5.3% year-over-year to $121.8 million. Net income was $5.4 million (4.4% of revenue), down from $5.7 million (5.0% of revenue) in Q3 2019. Earnings per diluted share decreased to $0.68 from $0.71. The company announced a 13% increase in its quarterly dividend to $0.26. CRA maintained strong cash flows, reduced borrowings by $21 million, and increased headcount by 11.5%. Full-year revenue guidance is set between $498 million to $504 million.
Charles River Associates (CRAI) will host its third-quarter 2020 financial results conference call on October 29, 2020, at 10:00 a.m. ET. The event will be led by CEO Paul Maleh, CFO Daniel Mahoney, and CDO Chad Holmes. Investors can access the live webcast through the Investor Relations section of CRA's website. A recorded version of the call will be available for one year following the event. CRA, a global leader in economic, financial, and management consulting, has been providing expert advisory services since 1965.
BOSTON--Charles River Associates (NASDAQ: CRAI) has appointed Christopher Gerardi as Vice President in its Risk, Investigations & Analytics Practice, located in Washington, DC. Gerardi brings over 25 years of experience in economic, financial, and accounting advisory services, strengthening CRA's offerings in legal and business challenges. His previous roles include Senior Managing Director at another consulting firm. CRA aims to enhance client service with Gerardi's expertise in intellectual property and complex disputes.
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