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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) has strengthened its Risk, Investigations & Analytics Practice with the appointment of Raja Chatterjee as vice president. With over 30 years of legal and operational experience, Chatterjee brings expertise in risk assessment, compliance, crisis management, and special investigations.
Prior to joining CRA, Chatterjee served as general counsel of a tech-enabled hospitality company and Global Risk and Compliance Officer at Tishman Speyer. At Morgan Stanley & Co., he held key positions including Global Head of Anti-Corruption Group and Global Head of Special Investigations. His public sector experience includes roles as a trial attorney for the U.S. Department of Justice Criminal Division's Fraud Section and as an Assistant District Attorney in New York County.
Charles River Associates (NASDAQ: CRAI) has announced the promotion of eight professionals to vice president positions across various practice areas. The promotions span key divisions including Labor & Employment, Antitrust & Competition Economics, Financial Economics, Forensic Services, and Finance.
The newly promoted vice presidents are:
- Jonathan Blumenstein - Labor & Employment Practice, specializing in wage litigation and healthcare payment disputes
- Sandra Chan - Antitrust & Competition Economics, leading Second Request and Cloud Computing services
- Martino De Stefano - Antitrust & Competition Economics, focusing on industrial organization
- Matteo Foschi - Antitrust & Competition Economics, expert in global merger reviews
- Adam Gailey - Financial Economics, specializing in financial services litigation
- Adam Hart - Forensic Services, expert in cybercrime investigations
- Zawadi Lemayian - Finance Practice, providing expert testimony on finance topics
- Alex Stricker - Financial Economics, specialized in consumer financial data analysis
Charles River Associates (NASDAQ: CRAI) announced a leadership transition as CFO Daniel Mahoney will depart for an opportunity outside consulting, effective April 11, 2025. Chad Holmes, currently Chief Corporate Development Officer and former CFO, will serve as interim CFO while the company conducts an executive search for a permanent replacement.
CEO Paul Maleh highlighted that CRAI's market and financial position is at its strongest, noting 2024 marked their seventh consecutive year of record annual revenue. Holmes, who joined CRAI in 2004, has been part of the senior management team since 2009 and previously served as CFO from 2014 to 2020.
Charles River Associates (NASDAQ: CRAI) has expanded its Finance Practice by welcoming Marti P. Murray of Murray Analytics, Inc. as a Senior Consultant. Murray brings over 40 years of experience in bankruptcy and restructuring advisory, corporate credit, distressed debt, and investment advisory services.
Murray's background includes founding Murray Capital Management, Inc., a distressed-debt hedge fund firm later acquired by a larger investment management firm. She has served as an SEC Monitor and Receiver, and was an adjunct professor at NYU's Stern School of Business from 2001 to 2013. She holds certifications as a Valuation Analyst and Fraud Examiner, along with an MBA in Finance from Stern and a BA from Colgate University.
Charles River Associates (NASDAQ: CRAI), a global leader in economic, financial, and management consulting services, has announced its participation in the upcoming Sidoti Small-Cap Virtual Conference scheduled for March 19 and 20.
Key highlights:
- Chairman and CEO Paul Maleh will deliver a presentation on Wednesday, March 19, at 10:00 a.m. ET
- The presentation will be available via live webcast on CRA's investor relations website
- An archived replay will be accessible approximately one hour after the event
- CEO Paul Maleh and Chief Corporate Development Officer Chad Holmes will be available for virtual one-on-one investor meetings during both conference days
CRA International (NASDAQ: CRAI) has announced it will manage an RFP auction process for FirstEnergy Corp.'s (NYSE: FE) Ohio subsidiaries to secure full requirements service for their Percentage of Income Payment Plan (PIPP) customers.
The auction covers Ohio Edison, The Illuminating Company, and Toledo Edison. The winning supplier will serve all PIPP load for a 12-month delivery period from June 2025 through May 2026.
Key dates include:
- Information Session for bidders: March 5, 2025
- PIPP Supplier Applications acceptance: March 6-19, 2025
- Registered Bidders submission: March 31, 2025
Interested parties can find detailed information and webinar instructions at firstenergypipprfp.com.
Charles River Associates (NASDAQ: CRAI) has expanded its Finance Practice by appointing Professor Christopher J. Palmer as a Senior Consultant. Palmer, currently an Associate Professor of Finance at MIT Sloan School of Management, brings expertise in consumer finance, real estate finance, and banking.
Palmer has previously served as an expert before the Delaware Court of Chancery and holds positions as a Research Associate at the National Bureau of Economic Research, an Affiliate with the Jameel Poverty Action Lab, and a Visiting Scholar at Harvard Business School. His research specializes in credit, real estate, and labor markets' responses to significant upheaval.
The appointment strengthens CRA's capabilities in corporate finance, mergers, securities, and complex commercial disputes. Palmer holds a BA in economics and mathematics from Brigham Young University and a PhD in economics from MIT.
CRA International, Inc. (NASDAQ: CRAI) has announced an auction process for FirstEnergy Pennsylvania Electric Company (FE PA) to procure full requirements Default Supply generation service. The auctions, scheduled for April 14, 2025, will use a descending-price clock format and be managed by CRA International as the Independent Evaluator and Auction Manager.
These auctions are part of FirstEnergy's Pennsylvania Default Service Program (DSP-VI) approved by the Pennsylvania Public Utility Commission, continuing the series that began in November 2022. An information session for prospective bidders will be held on February 26, 2025.
The application process includes two parts: Part 1 Applications (February 27-March 12) and Part 2 Applications (March 19-April 1). Products being procured include 12-month and 24-month residential and commercial class products (delivery period June 2025 through May 2026/2027) and a 12-month industrial class product.
Charles River Associates (NASDAQ: CRAI) reported strong financial results for Q4 and full-year 2024. Q4 revenue grew 9.2% year-over-year to $176.4 million, with double-digit growth in Energy, Finance, and Intellectual Property practices. Q4 net income increased 30.8% to $15.0 million.
Full-year 2024 revenue grew 10.2% to $687.4 million with 75% utilization. Annual net income rose 21.2% to $46.7 million. The company returned $45.6 million to shareholders through $12.3 million in dividends and $33.3 million in share repurchases.
For fiscal 2025, CRA expects revenue between $715-735 million and non-GAAP EBITDA margin of 12.0-13.0%. The Board authorized a $45 million expansion of the share repurchase program and declared a quarterly dividend of $0.49 per share.
Charles River Associates (NASDAQ: CRAI) has announced a quarterly cash dividend of $0.49 per common share. The dividend will be paid on March 14, 2025, to shareholders of record as of the close of business on March 4, 2025. The company, which specializes in economic, financial, and management consulting services, has expressed its intention to continue paying quarterly dividends, though future declarations, timing, and amounts remain subject to the Board of Directors' discretion.