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Oct 02, 2021
CRA Q3 2021 Earnings Report
Broad-based contributions drove strong revenue and profit growth, and the company increased quarterly dividend by 19%.
Key Takeaways
Charles River Associates (CRA) reported a 12.0% year-over-year increase in revenue to $136.4 million for the third quarter of 2021. Net income increased by 102.6% year over year to $10.9 million, and earnings per diluted share increased by 111.8% year over year to $1.44.
Revenue grew 12.0% year over year to $136.4 million.
Utilization was 73%, and quarter-end headcount increased 6.8% year over year.
Net income increased 102.6% year over year to $10.9 million, or 8.0% of revenue.
Earnings per diluted share increased 111.8% year over year to $1.44 from $0.68.
Forward Guidance
For the full-year fiscal 2021, on a constant currency basis relative to fiscal 2020, we now expect revenue in the range of $560 million to $570 million, and non-GAAP EBITDA margin to exceed the upper end of the range of 11.2% to 11.7%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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