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Charles River Associates, the registered trade name of CRA International, Inc. (NASDAQ: CRAI), regularly issues news and updates that reflect its role as a global consulting firm specializing in economic, financial, and management consulting services. This news page aggregates announcements that describe how CRA advises on economic and financial matters in litigation and regulatory proceedings and supports corporations with business strategy and performance-related issues.
Investors and observers can use this feed to follow earnings announcements, dividend declarations, and conference participation. Recent press releases have covered quarterly financial results, changes to the company’s quarterly cash dividend, and details of webcasts and conference calls hosted by CRA’s leadership team. The company also reports on its participation in investor conferences such as events organized by UBS, Noble Capital Markets, and Sidoti.
CRA’s news flow also highlights developments in its specialized practices. Announcements have described the strengthening of the Forensic Services Practice, which focuses on cybercrime, digital forensics, forensic accounting, and eDiscovery matters, and the Antitrust & Competition Economics Practice, whose economists provide economic analysis and testimony in competition matters around the world. Additional releases discuss the expansion of the Risk, Investigations & Analytics Practice and the activities of the Energy Practice, including serving as RFP Manager for a Renewable Energy Credits Request for Proposal for FirstEnergy’s Ohio utilities.
By reviewing the CRAI news page on Stock Titan, readers can track how CRA International, Inc. communicates about its financial performance, practice-area growth, risk and investigations work, antitrust and competition economics expertise, and energy-sector engagements. This context can help users understand the types of matters the firm handles and how its consulting capabilities evolve over time.
Charles River Associates (NASDAQ: CRAI) reported a record quarterly revenue of $146.5 million for the fiscal first quarter ended April 3, 2021, reflecting a 16.1% year-over-year increase. Key drivers of growth included a 4.8% rise in headcount and a 76% utilization rate. Net income surged 62.4% to $10.5 million, while earnings per diluted share rose 67.5% to $1.34. CRA returned $11.7 million to shareholders through dividends and share repurchases. The company also raised its revenue guidance for the full year to between $550 million and $570 million.
Charles River Associates (NASDAQ: CRAI) has declared a quarterly cash dividend of $0.26 per common share, payable on June 11, 2021, to shareholders recorded by the close of business on May 25, 2021. This decision reflects the company's commitment to returning value to its shareholders. CRAI aims to continue its dividend payments, which are subject to the discretion of its Board of Directors. The firm specializes in economic, financial, and management consulting services, advising clients on critical business strategies.
Charles River Associates (NASDAQ:CRAI) has appointed Raquel Tamez as the first Chief Inclusion and Engagement Officer, effective June 1. This move aims to enhance the firm's commitment to diversity, equity, and inclusion (DE&I) initiatives globally. Tamez, previously CEO of the Society of Hispanic Professional Engineers, brings extensive experience in DE&I and legal expertise. CRA's President, Paul Maleh, expressed confidence that Tamez's leadership will strengthen the company's culture and better align it with client and community needs.
Charles River Associates (NASDAQ: CRAI) will host a webcast of its Q1 2021 financial results conference call on May 6, 2021, at 10:00 a.m. ET. The call will feature insights from key executives, including President and CEO Paul Maleh, CFO Daniel Mahoney, and Chief Corporate Development Officer Chad Holmes. Investors can access the live webcast through the 'Investor Relations' section of CRA's website and will have the opportunity to listen via telephone. An archived version will be available for one year post-event.
Charles River Associates (NASDAQ: CRAI) has appointed Tony Bower as Vice President in its Life Sciences practice, based in San Francisco. Bower brings 25 years of experience in market access, pricing strategy, and outcomes research, having previously worked with notable companies like Amgen and Synageva Biopharma. His expertise will enhance CRA's capabilities to assist clients in healthcare and technology. CRA's Life Sciences Practice focuses on biotech and pharmaceutical clients, providing analytical and strategic support.
Charles River Associates (NASDAQ: CRAI) announced the appointment of Miguel Maal as vice president at its management consulting practice, Marakon, based in New York. With over 20 years of experience in strategy consulting, Maal specializes in corporate strategy and growth solutions in the consumer goods, retail, and leisure sectors. His prior roles include partnerships at QVARTZ and OC&C Strategy Consultants. This strategic addition aims to enhance Marakon's client service capabilities in a dynamic market.
Charles River Associates (NASDAQ: CRAI) has announced the final results of its modified Dutch auction self-tender offer, which allowed it to purchase up to $25 million in common stock at a price between $66.25 and $76.00 per share. The offer expired on April 5, 2021, resulting in 417,300 shares being tendered at or below the purchase price of $74.00. Due to oversubscription, CRA will acquire approximately 337,837 shares at the accepted price, using funds from its revolving credit facility and cash on hand. Post-tender, CRA will have about 7.3 million shares outstanding.
Charles River Associates (NASDAQ: CRAI) has announced preliminary results for its modified “Dutch auction” self-tender offer, which aimed to buy back up to $25 million worth of shares at prices between $66.25 and $76.00 each. The tender offer, which expired on April 5, 2021, witnessed 419,549 shares tendered at or below $74.00. CRA is expected to purchase about 337,837 shares for a total of approximately $25 million, excluding associated fees. The final number of shares will be confirmed following the completion of the depositary's confirmation process.
Charles River Associates (NASDAQ: CRAI) announced the promotion of six employees to vice president, marking a significant milestone in their careers. The promoted individuals include Christine Dedrick, Jennifer Johnson, Mikaël Hervé, Michal Malkiewicz, Sean Taylor, and Erik Himan. Each has demonstrated exceptional commitment and expertise in various consulting areas, contributing to the firm's strong leadership. CRA's President, Paul Maleh, expressed gratitude for their contributions, highlighting the firm’s emphasis on high-quality work for clients and colleagues.
Charles River Associates (NASDAQ: CRAI) announced its participation in Sidoti & Company's Virtual Investor Conference on March 24, 2021. The management team will present at 9:15 a.m. EDT, with a live webcast available on the company's investor relations website. Attendees can engage in a virtual Q&A session. Additionally, key executives, including CEO Paul Maleh and CFO Daniel Mahoney, will hold one-on-one meetings with investors. For meeting arrangements, contact Sidoti & Company.
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