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Mar 30, 2024
CRA Q1 2024 Earnings Report
Broad-based contributions drove record quarterly revenue and profits.
Key Takeaways
Charles River Associates (CRA) reported record financial results for the first quarter of fiscal 2024. Revenue increased by 12.4% to $171.8 million, the highest quarterly revenue in the company's history. Profits grew at even faster rates, with new quarterly records set for net income, earnings per diluted share and EBITDA.
Revenue grew 12.4% year over year to $171.8 million.
Utilization was 73%, and quarter-end headcount increased 2.6% year over year.
Net income increased 53.5% year over year to $13.7 million, or 8.0% of revenue.
Earnings per diluted share increased 58.5% year over year to $1.95.
Forward Guidance
CRA reaffirmed its financial guidance for full-year fiscal 2024 of revenue in the range of $645 million to $675 million and non-GAAP EBITDA margin in the range of 10.8% to 11.5%, both on a constant currency basis relative to fiscal 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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