Welcome to our dedicated page for Cra Intl news (Ticker: CRAI), a resource for investors and traders seeking the latest updates and insights on Cra Intl stock.
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) announced a modified Dutch auction self-tender offer to buy up to $25 million in common stock at prices ranging from $66.25 to $76.00 per share. The tender offer will expire on April 5, 2021, unless extended. CRA aims to maximize long-term shareholder value and return half of adjusted net cash flows from operations to shareholders. The tender offer will be financed through its revolving credit facility and cash on hand. Shareholders are encouraged to make informed decisions and consult advisors regarding the tendering of shares.
Charles River Associates (NASDAQ: CRAI) reported strong financial results for the fiscal year ended January 2, 2021, with a 12.6% year-over-year revenue growth to $508.4 million. The fourth quarter saw a 15.2% revenue increase to $137.4 million, and net income rose 40.8% to $6.7 million. Earnings per diluted share jumped 44.1% to $0.85, while non-GAAP EBITDA grew 24.1% to $14.0 million. Looking ahead, CRA projects fiscal year 2021 revenue between $530 million and $550 million. Additionally, the company will pay a quarterly dividend of $0.26 per share on March 26, 2021.
Charles River Associates (CRAI) has declared a quarterly cash dividend of $0.26 per common share, set to be paid on March 26, 2021, to shareholders recorded as of the close of business on March 16, 2021. The company anticipates continuing quarterly dividends, subject to the Board's discretion. This declaration reflects CRAI's commitment to returning value to its shareholders amidst ongoing economic challenges.
Charles River Associates (NASDAQ: CRAI) announced the appointment of Cynthia Catlett as Vice President in its Risk, Investigations & Analytics Practice, leading the Sao Paulo office. With over a decade of experience in investigative consulting across Latin America, Catlett specializes in corporate investigations and has led significant corruption inquiries in Brazil. Her expertise will enhance CRA's client services in the region, according to CEO Paul Maleh and VP Peter Nolan. Catlett holds a J.D. and has published extensively on compliance issues.
Charles River Associates (NASDAQ: CRAI) has announced the appointment of David Walls as Vice President in its Energy Practice, based in Boston. With over 40 years of experience in the energy sector, Walls specializes in clean energy, renewables, and decarbonization. He has a strong background in advising utilities and government organizations on power industry trends and emerging technologies. His expertise is expected to enhance CRA's capabilities in energy consulting. Prior to CRA, Walls held senior roles at Navigant Consulting and Arthur D. Little.
Charles River Associates (CRAI) announced a webcast for its fourth-quarter 2020 financial results, scheduled for March 4, 2021, at 10:00 a.m. ET. The conference call will feature key executives including President and CEO Paul Maleh and CFO Daniel Mahoney. Investors can access live updates through CRA's Investor Relations page. An archived version of the webcast will also be available on their website for one year following the event. This upcoming call highlights CRA's commitment to transparency and investor engagement.
Charles River Associates (NASDAQ: CRAI) has expanded its share repurchase program by $40 million, indicating strong confidence in its financial health. The company repurchased $9.5 million in stock at an average price of $53.57 during Q4 FY2020 and Q1 FY2021. This initiative is part of CRA's strategy to return half of adjusted net cash flows from operations to shareholders, supporting its commitment to maximizing long-term shareholder value. The company retains $5.2 million under its previous authorization and emphasizes a focus on both capital return and business growth.
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.
FAQ
What is the current stock price of Cra Intl (CRAI)?
What is the market cap of Cra Intl (CRAI)?
