Financial Data and Key Metrics Changes - CRA reported a revenue increase of 4.4% to $590.9 million for fiscal 2022, marking the fifth consecutive year of record revenue [6] - Non-GAAP EBITDA, net income, and earnings per diluted share grew by 120%, 167%, and 211% respectively over the five-year period [6] - For the fourth quarter, reported revenue increased by 7.6% compared to Q4 2021, with currency headwinds reducing revenue by $4.4 million or 3.3% year-over-year on a constant currency basis [19][18] Business Line Data and Key Metrics Changes - Legal and regulatory services led revenue growth with an 8% year-over-year increase [7] - Eight of CRA's practices grew their top line, with four practices (antitrust and competition economics, intellectual property, labor and employment, and risk investigations and analytics) delivering double-digit revenue growth in fiscal 2022 [46] - The antitrust and competition economics practice experienced a 15% growth in project lead flow despite a slowdown in merger-related leads [48][108] Market Data and Key Metrics Changes - Worldwide M&A activity totaled $3.6 trillion in 2022, a decrease of 37% compared to 2021, with a significant decline in the second half of the year [9] - Revenue from CRA's legal and regulatory services during Q4 increased by 12% year-over-year, despite mixed trends in the legal market [49] Company Strategy and Development Direction - CRA's strategy includes a focus on commercialization and product launch in the Life Sciences practice, with continued client work in oncology and other therapeutic categories [14] - The acquisition of bioStrategies Group aims to enhance CRA's capabilities in developing commercial strategies for healthcare products and technologies [27] - The company plans to maintain a strong focus on antitrust enforcement and regulatory compliance, benefiting from increased demand in these areas [69] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in CRA's resilience amid macroeconomic uncertainties, noting a strong lead flow into the first months of fiscal 2023 [41] - For fiscal 2023, CRA expects revenue in the range of $615 million to $640 million and a non-GAAP EBITDA margin of 10.8% to 11.5% [30] - Management acknowledged strong currency headwinds but emphasized the company's ability to achieve record profits despite these challenges [18] Other Important Information - CRA ended the year with a consultant headcount of 939, representing a 9.1% increase compared to the previous year [34] - The company repaid $45 million of borrowings, concluding the year with zero outstanding debt and a total liquidity of $227 million [31][35] - CRA returned a total of $37.2 million to shareholders through dividends and share repurchases, exceeding its goal of returning half of adjusted cash flows from operations [32] Q&A Session Summary Question: Details on headcount growth in 2023 - Management indicated a year-over-year growth of about 10% in headcount and plans to match labor supply with service demand [37][38] Question: Comments on macroeconomic factors - Management noted resilience in performance despite macroeconomic uncertainties and observed a positive lead flow trend [41][42] Question: Insights on antitrust and competition economics practice - The practice saw a 15% growth in project lead flow, driven by ongoing investigations and demand for services in antitrust enforcement [48][108] Question: Outlook for life sciences practice - The inclusion of bioStrategies Group is expected to enhance CRA's capabilities and geographic reach in the life sciences sector [123] Question: Discussion on capital allocation and acquisitions - Management confirmed a commitment to returning capital to shareholders while remaining open to acquisition opportunities, with a focus on strategic fit [103][104]

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Massachusetts (State or other jurisdiction of incorporation or organization) 200 Clarendon Street, Boston, MA (Address of principal executive offices) 04-2372210 (I.R.S. Employer Identification No.) 02116-5092 (Zip code) 617-425-3000 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registere ...

An Overview of Charles River Associates Q3 FY2022 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 International, Inc. (NASDAQ:CRAI) Q3 2022 Earnings Conference Call November 3, 2022 10:00 AM ET Company Participants Daniel Mahoney - CFO, EVP & Treasurer Paul Maleh - Chairman, President & CEO Chad Holmes - EVP & Chief Corporate Development Officer Conference Call Participants Marc Riddick - Sidoti & Company Operator Good day, everyone, and welcome to Charles River Associates Third Quarter 2022 Conference Call. Please note that today's call is being recorded. The company's earnings release and prepared ...

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An Overview of Charles River Associates Q2 FY2022 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 ...

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An Overview of Charles River Associates Q4 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 International, Inc. (NASDAQ:CRAI) Q4 2021 Earnings Conference Call March 1, 2022 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 2021 Conference Call. Plea ...

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 ...