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Sep 28, 2024
CRA Q3 2024 Earnings Report
Reported strong revenue and profit growth driven by broad-based contributions, and increased quarterly dividend by 17%.
Key Takeaways
Charles River Associates (CRA) announced financial results for the third quarter of 2024, with revenue reaching $167.7 million, a 13.7% year-over-year increase. The company's performance was broad-based, with seven of eleven practices growing revenue year over year. Net income increased 33.1% year over year to $11.4 million, and non-GAAP EBITDA increased 54.8% to $21.3 million.
Revenue grew 13.7% year over year to $167.7 million.
Net income increased 33.1% year over year to $11.4 million, or 6.8% of revenue.
Earnings per diluted share increased 38.0% year over year to $1.67.
Non-GAAP EBITDA increased 54.8% to $21.3 million, or 12.7% of revenue.
Forward Guidance
CRA reaffirmed its revenue and profit guidance. For full-year fiscal 2024, on a constant currency basis relative to fiscal 2023, the company expects revenue in the range of $670.0 million to $685.0 million and non-GAAP EBITDA margin in the range of 12.2% to 13.0%.
Historical Earnings Impact
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