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.
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) 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.
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.