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Dec 28, 2019
CRA Q4 2019 Earnings Report
Reported strong fourth-quarter and full-year financial results, with revenue growth driven by double-digit increases in Finance, Forensic Services, and Labor & Employment practices.
Key Takeaways
CRA reported a strong fourth quarter, with revenue growing 9.7% year over year to $119.3 million. The performance was driven by double-digit revenue growth in Finance, Forensic Services, and Labor & Employment practices.
Revenue grew 9.7% year over year to $119.3 million in Q4.
Double-digit revenue growth in Finance, Forensic Services, and Labor & Employment practices.
Increased headcount by 13.4% year over year.
Full year constant currency revenue was $455.3 million.
Forward Guidance
For the full-year fiscal 2020, on a constant currency basis relative to fiscal 2019, CRA expects revenue in the range of $495 million to $510 million, and non-GAAP EBITDA margin in the range of 9.2% to 10.2%.
Positive Outlook
- Expect revenue in the range of $495 million to $510 million.
- Expect non-GAAP EBITDA margin in the range of 9.2% to 10.2%.
- Building on trend of broad-based, profitable growth.
- Striving to be the firm of choice for clients’ most important litigation.
- Striving to be the firm of choice for clients’ most important regulatory and strategic challenges.
Challenges Ahead
- Uncertainties around global economic conditions can affect business.
- Uncertainties around global political conditions can affect business.
- Demand for services may decline as a result of changes in general and industry specific economic conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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