Our performance could be af ected if employees and non-employee experts default on loans 16 In recent years, there has been significant litigation in the U.S. involving patents and other intellectual property rights. We could incur substantial costs in prosecuting or defending any intellectual property litigation, which could adversely affect our operating results and financial condition. Many businesses are experiencing the impact of increased medical costs as well as greater variability in ongoing costs. ...

| --- | --- | --- | --- | --- | |----------------------------------------------------------|-------|---------------------|-------|---------------------| | Assets | | December 30, 2023 | | December 31, 2022 | | Cash and cash equivalents | $ | 45,586 | $ | 31,447 | | Accounts receivable and unbilled services, net | | 199,556 | | 194,987 | | Other current assets | | 20,334 | | 22,426 | | Total current assets | | 265,476 | | 248,860 | | | | | | | | Property and equipment, net | | 38,176 | | 45,582 | | Goodwill ...

CRA International, Inc. (CRAI) is scheduled to report fourth-quarter 2023 results on Feb 29, before market open.CRAI has an unimpressive earnings surprise history, having outperformed the Zacks Consensus Estimate in only one of the preceding four quarters and missing in the other three, the average miss being 7.74%.Q4 ExpectationsThe Zacks Consensus Estimate for the company’s top line is pegged at $149.5 million, suggesting a 3.1% rise from the year-ago actual. Improvement is likely to have been driven by g ...

CRA International, Inc., which conducts business as Charles River Associates (CRAI) , has had an impressive run in the past month. The stock has gained 6.4%, outperforming the 2.6% rally of the industry it belongs to and the 1.4% rise of the Zacks S&P 500 composite.Reasons for the UpsideCharles River has a diversified business with service offerings across areas of functional expertise, client base and geographical regions. Being proficient in multiple industries helps the company meet varying client needs ...

CRA International, Inc. (NASDAQ:CRAI) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Paul Maleh - President, Chief Executive Officer Dan Mahoney - Chief Financial Officer Chad Holmes - Chief Corporate Development Officer Conference Call Participants Andrew Nicholas - William Blair Kevin Steinke - Barrington Research Marc Riddick - Sidoit Operator Good day, everyone, and welcome to Charles River Associates Third Quarter 2023 Conference Call. Please note that today's call i ...

1 2 Safe Harbor Disclaimer Statements included in this presentation which are not historical in nature, including those concerning the company's future business, operating and financial condition, are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward looking statements may include statements concerning our plans, objectives, goals, strategies, and future events, including, but not limited to, future revenues, results, growth, profitability, performance, a ...

Provision for Income Taxes. The income tax provision was $1.9 million and the effective tax rate ("ETR") was 18.3% for the third quarter of fiscal 2023 compared to $4.0 million and 25.3% for the third quarter of fiscal 2022. The ETR for the current fiscal quarter was lower than the prior year fiscal quarter primarily due to the release of a valuation allowance in a foreign jurisdiction, partially offset by a decrease in the tax benefit related to share-based compensation, an increase in nondeductible meals ...

Kevin Steinke Andrew Nicholas - William Blair The expansion of our sales pipeline supported our strong performance in the second quarter. Revenue increased by 8.6% year-over-year to $162 million, which represents the highest quarterly revenue in the company's history. Broad-based contributions across our portfolio drove this performance. across multiple states and countries. Additionally, the Forensic Services practice has partnered with other CRA practices. Thanks, Paul. Hello, everyone. Operator Paul Male ...

Financial Data and Key Metrics Changes - Revenue increased to $152.8 million, the highest quarterly revenue in the company's history, representing a year-over-year growth of 5.1% on a constant currency basis [70][27] - Non-GAAP EBITDA margin was reported at 11.4% [27] - The effective tax rate for Q1 2023 on a non-GAAP basis was 29%, up from 26.5% in Q1 2022 [14] Business Line Data and Key Metrics Changes - The Antitrust & Competition Economics practice established a new high for quarterly revenue, driven by strong demand for antitrust services [5] - Forensic Services and Labor & Employment practices each posted double-digit revenue growth [71] - Revenue from the legal and regulatory offering grew nearly 7% in Q1 [7] Market Data and Key Metrics Changes - Total case filings in the legal market were up 5% year-over-year, while total court judgments declined by 5% [7][50] - International operations grew by 8.8% year-over-year, with further growth expected on a constant currency basis [51][70] Company Strategy and Development Direction - The company is focused on expanding its talent pool, with a 10.7% year-over-year increase in consulting headcount [4][35] - The company aims to capitalize on ongoing antitrust regulatory activities, positioning itself to benefit from future opportunities [93] - The firm is reaffirming its financial guidance for fiscal 2023, expecting revenue in the range of $615 million to $640 million [82] Management's Comments on Operating Environment and Future Outlook - Management noted a delay in the conversion of leads into new projects, attributing this to general market uncertainty rather than loss of projects to competitors [10][18] - The company remains optimistic about future revenue opportunities despite current market challenges [95][96] - Management expressed confidence in the ability to drive growth in the Life Sciences sector, despite recent volatility [90] Other Important Information - The company returned $23.3 million to shareholders during the first quarter, including $2.7 million in dividends and $20.6 million in share repurchases [84] - The company concluded the quarter with $35.5 million in cash and $100 million in borrowings under its revolving credit facility, resulting in a net debt position of $64.5 million [34] Q&A Session Summary Question: What is the current talent environment and retention at the firm? - Management highlighted strong hiring growth and expressed confidence in retaining top talent, noting that attrition is typically low in Q1 [87][88] Question: Can you provide insights on the Life Sciences business? - Management acknowledged some quarter-to-quarter volatility but remains optimistic about future growth in the Life Sciences sector [90] Question: What are the trends in lead flow and project conversion? - Despite a 10% year-over-year increase in project lead flow, new project originations remained flat due to delays in client decisions [56][18] Question: How is the pricing environment affecting the business? - Management indicated that new rate sheets are being accepted by clients, and the overall pricing environment remains stable [52][53]

Financial Performance - CRA's revenue for Q1 2023 was $153 million[12], compared to $1484 million in Q1 2022[65] - Fiscal 2023 Q1 YTD revenue grew by 3%, or 5% on a constant currency basis[10] - EPS Growth for Fiscal 2023 Q1 YTD was -15%, or -9% on a constant currency basis[10] - The company repurchased shares at an average price of $11376 per share for $21 million in Fiscal 2023 Q1 YTD[10] - Cash dividends of $3 million were paid in Fiscal 2023 Q1 YTD[10] - Non-GAAP EBITDA margin for Q1 2023 was 109%[68] Capital Allocation - From fiscal years 2018-2022, CRA's revenue increased by 60%, or more than $220 million[16] - Capital allocation from FY2018-2022 was 44% to talent ($180 million), 42% to shareholders ($170 million), and 14% to capital expenditures ($56 million)[36] - During 2018-2022, CRA repurchased 22 million shares at an average cost of $6053 per share, reducing net shares outstanding by 14%[40] - Shareholder distributions from 2018-2022 included $132 million in share repurchases and $38 million in dividend payments[83] Market and Strategy - CRA has worked with 97 of the top 100 law firms[8] - The company aims to return half of its adjusted net cash flows from operations to shareholders[29]