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Oct 01, 2022
CRA Q3 2022 Earnings Report
Reported strong performance driven by broad-based contributions and raised revenue and profit guidance for full-year fiscal 2022.
Key Takeaways
Charles River Associates (CRA) announced strong financial results for the third quarter of 2022, with revenue reaching $148.4 million, an 8.8% year-over-year increase. The company's performance was broad-based, with several practices delivering double-digit revenue growth. CRA is raising its revenue and profit guidance for the full year.
Revenue grew 8.8% year over year to $148.4 million.
Net income increased 8.5% year over year to $11.9 million.
Earnings per diluted share increased 13.2% year over year to $1.63.
Increased quarterly dividend by 16% from $0.31 to $0.36 per common share.
Forward Guidance
For full-year fiscal 2022, on a constant currency basis relative to fiscal 2021, CRA expects revenue in the range of $600 million to $608 million, and non-GAAP EBITDA margin in the range of 12.5% to 13.0%.
Positive Outlook
- Expects revenue in the range of $600 million to $608 million on a constant currency basis.
- Expects non-GAAP EBITDA margin in the range of 12.5% to 13.0%.
- Reflects the continued strength and quality of our business.
- Raising our revenue and profit guidance.
- Generated total revenue of $454.1 million through the first three quarters of fiscal 2022.
Challenges Ahead
- Uncertainties around global economic conditions.
- Uncertainties around business conditions.
- Uncertainties around health conditions.
- Uncertainties around political conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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