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Jul 03, 2021
CRA Q2 2021 Earnings Report
Reported strong revenue and profit growth driven by broad-based contributions. Company raised revenue and EBITDA guidance for fiscal 2021.
Key Takeaways
Charles River Associates (CRA) reported a 20.5% year-over-year revenue increase to $148.2 million, the highest quarterly revenue in the company's history. Net income increased 95.0% year-over-year to $11.6 million, and earnings per diluted share increased 104.0% year-over-year to $1.53.
Revenue grew 20.5% year over year to $148.2 million.
Net income increased 95.0% year over year to $11.6 million, or 7.8% of revenue.
Earnings per diluted share increased 104.0% year over year to $1.53.
Non-GAAP EBITDA increased 61.3% to $19.2 million, or 13.0% of revenue.
Forward Guidance
For the full-year fiscal 2021, on a constant currency basis relative to fiscal 2020, the company now expects revenue in the range of $565 million to $575 million, and non-GAAP EBITDA margin in the range of 11.2% to 11.7%.
Positive Outlook
- Revenue in the range of $565 million to $575 million.
- Non-GAAP EBITDA margin in the range of 11.2% to 11.7%.
- Reflects the continued strength and quality of our business.
- Raising both revenue and EBITDA guidance.
- Strong performance through the first half of the year.
Challenges Ahead
- Uncertainties around global economic conditions.
- Uncertainties around global business conditions.
- Uncertainties around global health conditions.
- Uncertainties around global political conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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