Cra Intl Inc Stock Price, News & Analysis

Charles River Associates (NASDAQ: CRAI), a leading provider of economic, financial, and management consulting services, has announced its participation in two upcoming investor conferences. The company will attend the 17th Annual Barrington Research Virtual Fall Investment Conference on September 12, 2024, engaging in virtual one-on-one meetings. Additionally, CRA will participate in the Sidoti Small-Cap Virtual Conference on September 18-19, 2024, which includes a virtual company presentation and one-on-one meetings.

The Sidoti presentation is scheduled for September 18 at 10:45 a.m. ET and will be accessible via live webcast on CRA's investor relations website. An archived version will be available post-event. CRA's management team will be available for investor meetings during both conferences, providing opportunities for in-depth discussions about the company's operations and outlook.

Argan, Inc. (NYSE: AGX) has announced the retirement of Chief Financial Officer Richard H. Deily, effective September 15, 2024. Deily, 71, has had a 40-year career in senior financial management, including 17 years with Argan. Josh Baugher, currently Vice President and Corporate Controller, will succeed Deily as CFO.

Baugher brings nearly 20 years of financial leadership experience, having previously worked at Charles River Associates and CohnReznick. He is a licensed CPA in Maryland with a BS in accounting from George Mason University. Argan's CEO, David Watson, praised Deily's contributions and expressed confidence in Baugher's abilities to lead the finance team going forward.

CRA International (NASDAQ: CRAI) has announced an upcoming auction process for FirstEnergy Corp.'s (NYSE: FE) Ohio subsidiaries to procure full requirements service for their Standard Service Offer customers. The auction, scheduled for October 1, 2024, will use a descending-price clock format and will be managed by CRA International as the Auction Manager.

Key dates include:

• Information Session for prospective bidders: August 21, 2024
• Part 1 Applications acceptance: August 22 - September 3, 2024
• Part 2 Application submission window: Begins September 9, 2024

The auction process is subject to approval from the Public Utilities Commission of Ohio (PUCO). Interested parties can find more information on the Auction Information Website at firstenergycbp.com.

Charles River Associates (NASDAQ: CRAI) has strengthened its Energy Practice by appointing Matthew DeCourcey as a Vice President. With 20 years of experience in the energy sector, DeCourcey brings expertise in utility regulation and finance. He will be based at CRA's Boston headquarters.

DeCourcey's unique background combines consulting and executive experience in the energy industry. He has led strategic advisory engagements, represented clients before regulators, and served as an expert witness. As an executive, he managed regulatory strategy, utility finance, and ratemaking. His expertise aligns with CRA's focus on helping clients navigate the global transition of energy systems.

Prior to joining CRA, DeCourcey was a vice president overseeing rates and regulatory strategy at a utility holding company. He holds a BA in political science from the University of Massachusetts at Boston and an MBA from the University of Massachusetts at Amherst.

Charles River Associates (NASDAQ: CRAI) reported strong Q2 2024 financial results, with revenue increasing 5.9% year-over-year to $171.4 million. The company raised its full-year fiscal 2024 guidance for both revenue and profit. Key highlights include:

- Utilization at 74%, with a slight 0.3% decrease in quarter-end headcount
- Net income decreased 31.2% to $6.5 million, while non-GAAP net income increased 26.4% to $12.7 million
- Earnings per diluted share decreased 29.9% to $0.94, non-GAAP EPS increased 28.9% to $1.83
- Non-GAAP EBITDA increased 18.5% to $22.3 million (13.0% of revenue)
- CRA returned $27.0 million to shareholders through dividends and share repurchases

The company now expects full-year fiscal 2024 revenue between $670.0-$685.0 million and non-GAAP EBITDA margin of 12.2-13.0%.

Charles River Associates (NASDAQ: CRAI), a global leader in economic, financial, and management consulting services, has announced a quarterly cash dividend of $0.42 per common share. The dividend will be paid on September 13, 2024, to shareholders of record as of the close of business on August 27, 2024. CRA expects to continue paying quarterly dividends, although the declaration, timing, and amounts remain subject to the discretion of the company's Board of Directors. This announcement demonstrates CRA's commitment to returning value to shareholders and confidence in its financial stability.

Charles River Associates (NASDAQ: CRAI), a global leader in economic, financial, and management consulting services, has announced its upcoming second-quarter fiscal 2024 financial results conference call. The call is scheduled for Thursday, August 1, 2024, at 10:00 a.m. ET and will be hosted by key executives including President and CEO Paul Maleh, CFO Daniel Mahoney, and Chief Corporate Development Officer Chad Holmes.

Investors and interested parties can access the live webcast through the 'Investor Relations' section of CRA's website. For those preferring to listen via telephone, dial-in numbers are provided. Prior to the call, CRA will release its Q2 2024 financial results, supplemental financial information, and prepared CFO remarks on their website. An archived version of the webcast and related materials will be available for one year post-call.

CRA International (NASDAQ: CRAI), also known as Charles River Associates, has launched an enhanced trading platform for the Natural Fibre Exchange (NFX). The NFX platform, previously to domestic wool sales, now supports international transactions, unveiled at the June 24 trading event where nearly 90% of lots sold successfully. The platform aims to attract more global participants through a direct marketing campaign later this year. CRA Vice President Brad Miller highlighted the platform's role in providing credible prices and reliable information. CRA has conducted over 150 bi-weekly NFX trading events since 2018, similar to its other agricultural trading platforms.

Charles River Associates (NASDAQ: CRAI) has announced the addition of Morgan Magionos and Michelle Taylor as vice presidents in their Risk, Investigations & Analytics Practice. Both will be based in Washington, DC.

Morgan Magionos brings extensive experience in forensic accounting, anti-corruption, anti-money laundering, and financial fraud. She previously led a compliance team at a global telecommunications company and served as a forensic accountant at the FBI.

Michelle Taylor has a robust background in strategic advisory services and managing multijurisdictional investigations. She has worked with the FBI on public corruption, counterterrorism, and national security issues and held leadership roles in the private sector.

Their addition aims to enhance CRA's capabilities in investigating complex legal, regulatory, and compliance matters.