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Jul 02, 2022
CRA Q2 2022 Earnings Report
Broad-based contributions drove record performance and the company reaffirmed revenue guidance and raised profit guidance for full-year fiscal 2022.
Key Takeaways
Charles River Associates (CRA) reported financial results for the second quarter ended July 2, 2022. Revenue grew 0.6% year over year to $149.1 million. Net income increased 0.7% year over year to $11.6 million, or 7.8% of revenue. Earnings per diluted share increased 2.6% year over year to $1.57. The company reaffirms revenue guidance and raises profit guidance for full-year fiscal 2022.
Revenue grew 0.6% year over year to $149.1 million.
Utilization was 77%, and quarter-end headcount increased 3.6% year over year.
Net income increased 0.7% year over year to $11.6 million, or 7.8% of revenue.
Earnings per diluted share increased 2.6% year over year to $1.57.
Forward Guidance
For full-year fiscal 2022, on a constant currency basis relative to fiscal 2021, we expect revenue in the range of $585 million to $605 million, and non-GAAP EBITDA margin in the range of 11.3% to 12.0%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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