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Dec 30, 2023
CRA Q4 2023 Earnings Report
Broad-based contributions drove record revenue in fiscal year 2023 and fourth quarter revenue increased 11.5% year over year.
Key Takeaways
Charles River Associates (CRA) announced financial results for the fourth quarter and fiscal year ended December 30, 2023. Revenue increased 11.5% compared to the fourth quarter of fiscal 2022, reaching $161.6 million. Net income increased 32.1% year over year to $11.5 million. Earnings per diluted share increased 36.1% year over year to $1.62.
Revenue grew 11.5% year over year to $161.6 million.
Net income increased 32.1% year over year to $11.5 million, or 7.1% of revenue.
Earnings per diluted share increased 36.1% year over year to $1.62.
Non-GAAP EBITDA increased 16.7% to $19.0 million, or 11.8% of revenue.
Forward Guidance
For full-year fiscal 2024, on a constant currency basis relative to fiscal 2023, we expect revenue in the range of $645 million to $675 million, and non-GAAP EBITDA margin in the range of 10.8% to 11.5%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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