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Sep 26, 2020
CRA Q3 2020 Earnings Report
CRA reported strong revenue growth driven by strength across services and geographies, reinstated financial guidance for fiscal year 2020, and increased quarterly dividend by 13%.
Key Takeaways
Charles River Associates (CRA) announced financial results for the fiscal third quarter ended September 26, 2020, demonstrating resilience with year-over-year revenue growth for the 19th consecutive quarter. The company also increased headcount, reduced borrowings, and repurchased shares.
CRA delivered year-over-year revenue growth for the 19th consecutive quarter.
Headcount increased by 11.5% year over year.
Borrowings reduced by $21.0 million compared to the second quarter of fiscal 2020.
CRA repurchased 110,000 shares of its common stock and increased its quarterly cash dividend by 13%.
Forward Guidance
CRA expects revenue in the range of $498 million to $504 million and non-GAAP EBITDA margin in the range of 9.7% to 10.2% for full-year fiscal 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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