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CRA(CRAI) - 2021 Q3 - Earnings Call Transcript
2021-11-06 20:02
CRA International, Inc. (NASDAQ:CRAI) Q3 2021 Earnings Conference Call November 4, 2021 8:00 AM ET Company Participants Paul Maleh - President and 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 - Sidoti & Company Operator Good day, everyone. Welcome to Charles River Associates Third Quarter 2021 Earnings Conference Call. Please note th ...
CRA(CRAI) - 2021 Q3 - Earnings Call Presentation
2021-11-05 19:37
An Overview of Charles River Associates Q3 FY2021 This presentation is subject to and should be read in conjunction with the disclaimers and other statements contained under the heading "Safe Harbor Disclaimer." 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. Forw ...
CRA(CRAI) - 2021 Q2 - Earnings Call Transcript
2021-08-08 01:05
CRA International, Inc. (NASDAQ:CRAI) Q2 2021 Earnings Conference Call August 5, 2021 10:00 AM ET Company Participants Paul Maleh - President and 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 - Sidoti & Company Operator Good day, everyone, and welcome to Charles River Associates Second Quarter 2021 Earnings Conference Call. Today's ca ...
CRA(CRAI) - 2021 Q1 - Earnings Call Transcript
2021-05-09 03:00
CRA International, Inc. (NASDAQ:CRAI) Q1 2021 Earnings Conference Call May 6, 2021 10:00 AM ET Â Company Participants Paul Maleh - President and Chief Executive Officer Dan Mahoney - Chief Financial Officer Chad Holmes - Chief Corporate Development Officer Conference Call Participants Andrew Nicholas - William Blair Marc Riddick - Sidoti & Company Kevin Steinke - Barrington Research Associates Operator Good day, everyone and welcome to Charles River Associates First Quarter 2021 Earnings Conference Call. To ...
CRA(CRAI) - 2020 Q4 - Earnings Call Transcript
2021-03-04 19:30
CRA International, Inc. (NASDAQ:CRAI) Q4 2020 Earnings Conference Call March 4, 2021 10:00 AM ET Company Participants Paul Maleh - President and 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 - Sidoti & Company Operator Good day, everyone and welcome to Charles River Associates Fourth Quarter and Fiscal Year 2020 Conference Call. Today ...
CRA(CRAI) - 2021 Q4 - Annual Report
2021-03-03 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 2, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-24049 CRA International, Inc. (Exact name of registrant as specified in its charter) Massachusetts (State or other jurisdiction ...
CRA(CRAI) - 2020 Q3 - Earnings Call Transcript
2020-11-02 03:31
CRA International, Inc. (NASDAQ:CRAI) Q3 2020 Earnings Conference Call October 29, 2020 10:00 AM ET Company Participants Paul Maleh - President and Chief Executive Officer Dan Mahoney - Chief Financial Officer Chad Holmes - Chief Corporate Development Officer Conference Call Participants Trevor Romeo - William Blair Marc Riddick - Sidoti & Company Kevin Steinke - Barrington Research Operator Good day, everyone and welcome to Charles River Associates Third Quarter 2020 Conference Call. TodayÂ's call is being ...
CRA(CRAI) - 2020 Q2 - Earnings Call Transcript
2020-08-01 10:22
Financial Data and Key Metrics Changes - CRA International reported a record second quarter revenue of $250.3 million, representing a 15.7% increase year-over-year [22] - Non-GAAP EBITDA increased by 24.2% to $25.1 million, achieving a margin of 10% [22] - Consultant headcount at the end of the quarter was 802, a net increase of three compared to the previous quarter [28] - Non-GAAP selling, general and administrative expenses as a percentage of revenue decreased to 15% from 18.6% year-over-year [28] - The effective tax rate on a non-GAAP basis was 24.8%, down from 29.6% in the same quarter last year [29] Business Line Data and Key Metrics Changes - Double-digit revenue growth year-over-year was observed in Finance, Forensic Services, and Life Sciences practices [8] - Labor & Employment and risk investigations and analytics practices also contributed strongly to revenue [8] - New project originations were down 4% year-over-year, but up 15% for the first half of 2020 compared to the same period in 2019 [11] Market Data and Key Metrics Changes - Global M&A activity decreased by approximately 50% year-over-year, with the Americas experiencing a nearly 70% decline [12] - Total case filings in the litigation market were down approximately 20% year-over-year, with a 10% decline in cases closely aligned with CRA's services [12] - Antitrust case filings increased by approximately 10% year-over-year, while Intellectual Property filings declined by approximately 25% [13] Company Strategy and Development Direction - The company is focused on adapting to the ongoing global health crisis while prioritizing the health and well-being of its employees [9] - CRA continues to invest in its service portfolio with a long-term perspective, particularly in high-performing practices [38] - The company is planning a phased return to office work, depending on local conditions [10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the COVID-19 pandemic but expressed confidence in the company's ability to navigate these challenges [24] - The company is not reinstating guidance but provided insights into performance metrics to assist in future assessments [21] - Management highlighted the strong performance of various practices despite market headwinds [14] Other Important Information - Adjusted net cash provided by operating activities was $78.8 million, a 46% increase year-over-year [25] - Capital expenditures for the second quarter were approximately $5.6 million, primarily for office build-outs [26] - A quarterly cash dividend of $0.23 per common share was declared, payable on September 14, 2020 [27] Q&A Session Summary Question: Consistency in weekly labor billings - Management clarified that relative consistency refers to dollar levels achieved in the first four weeks of Q3 compared to Q2 [34] Question: Performance of specific practices - Management noted that several practices are experiencing growth, not contraction, and highlighted the exceptional performance of various service lines [35] Question: Trends in Antitrust & Competition Economics practice - Management indicated that while the practice has been impacted by M&A deal flow, there are signs of building strength with occasional mergers and increased antitrust work [37] Question: Hiring plans for the third quarter - Management stated that there would be little sequential growth in consultant headcount from Q2 to Q3, with more hires expected in Q4 and Q1 [40]
CRA(CRAI) - 2020 Q1 - Earnings Call Transcript
2020-05-03 14:18
CRA International, Inc. (NASDAQ:CRAI) Q1 2020 Earnings Conference Call April 30, 2020 10:00 AM ET Company Participants Chad Holmes - Chief Corporate Development Officer Paul Maleh - President & CEO Conference Call Participants Trevor Romeo - William Blair Kevin Steinke - Barrington Research Marc Riddick - Sidoti & Company Operator Good day, everyone, and welcome to Charles River Associates First Quarter 2020 Conference Call. Today's call is being recorded. Today's release and prepared remarks from CRA's Chi ...
CRA(CRAI) - 2019 Q4 - Earnings Call Presentation
2020-03-27 15:05
An Overview of Charles River Associates Q4 FY2019 This presentation is subject to and should be read in conjunction with the disclaimers and other statements contained under the heading "Safe Harbor Disclaimer." 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. Forw ...