CRA International ( (CRAI) ) has released its Q4 earnings. Here is a breakdown of the information CRA International presented to its investors.
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Charles River Associates (CRA) is a global consulting firm specializing in economic, financial, and management consulting services, known for its expertise in litigation and regulatory proceedings, as well as business strategy and performance issues. In its latest earnings report, CRA announced significant financial achievements for the fourth quarter and full fiscal year 2024, highlighted by a 9.2% increase in fourth-quarter revenue and a 10.2% rise in full-year revenue, with notable contributions from its Energy, Finance, and Intellectual Property practices. Key financial metrics showed robust growth, with net income for the fourth quarter rising by 30.8% year over year to $15.0 million, and earnings per diluted share increasing by 34.6% to $2.18. For the full year, CRA reported a 21.2% increase in GAAP net income to $46.7 million, while non-GAAP net income surged 35.0% to $52.6 million. The company also expanded its share repurchase program by $45 million and returned $45.6 million to shareholders through dividends and share repurchases over the year. Looking ahead, CRA’s management remains optimistic about continued growth, projecting fiscal 2025 revenue between $715 million and $735 million, despite acknowledging potential challenges from global economic uncertainties.
