Declared Dividend • May 21
First quarter dividend of US$0.57 announced Shareholders will receive a dividend of US$0.57. Ex-date: 26th May 2026 Payment date: 12th June 2026 Dividend yield will be 1.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next year, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • May 21
Upcoming dividend of US$0.57 per share Eligible shareholders must have bought the stock before 26 May 2026. Payment date: 12 June 2026. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (3.2%). Announcement • May 10
CRA International, Inc. Reaffirms Earnings Guidance for the Full-Year Fiscal 2026 CRA International, Inc. reaffirmed earnings guidance for the full-year fiscal 2026. For the year, the company expects revenue in the range of $785 million to $805 million. Announcement • Feb 12
CRA International, Inc. to Report Q4, 2025 Results on Feb 26, 2026 CRA International, Inc. announced that they will report Q4, 2025 results on Feb 26, 2026 Announcement • Oct 16
CRA International, Inc. to Report Q3, 2025 Results on Oct 30, 2025 CRA International, Inc. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jul 16
CRA International, Inc. to Report Q2, 2025 Results on Jul 31, 2025 CRA International, Inc. announced that they will report Q2, 2025 results on Jul 31, 2025 Announcement • Jun 10
Charles River Associates Appoints Graham Ross as Global Chief Marketing Officer Charles River Associates announced that Graham Ross has joined CRA as Vice President and Global Chief Marketing Officer. Mr. Ross will be based in CRA’s Toronto office. Prior to joining CRA, Mr. Ross was Chief Client Officer at the law firm of Borden Ladner Gervais LLP, where he was responsible for marketing, pricing, competitive intelligence, and business development activities. He was instrumental in building out the firm’s extensive digital architecture, including the firm’s client relationship management and client satisfaction systems. Mr. Ross was previously the director of marketing and business development at Torys LLP, an international corporate law firm. Mr. Ross has an M.B.A. from Wilfred Laurier University. Announcement • Apr 28
CRA International, Inc., Annual General Meeting, Jul 17, 2025 CRA International, Inc., Annual General Meeting, Jul 17, 2025. Location: 200 clarendon street, 9th floor, massachusetts 02116., boston United States Announcement • Apr 17
CRA International, Inc. to Report Q1, 2025 Results on May 01, 2025 CRA International, Inc. announced that they will report Q1, 2025 results on May 01, 2025 Announcement • Mar 12
Charles River Associates Appoints Marti P. Murray as Senior Consultant Charles River Associates announced that Marti P. Murray of Murray Analytics, Inc. has affiliated with the Company’s Finance Practice as a Senior Consultant. Ms. Murray was previously the Founder, President, and Portfolio Manager of Murray Capital Management, Inc., an SEC-registered, distressed-debt hedge fund firm, the business of which was later acquired by a large investment management firm. She has served on numerous boards of directors and acted as a court-appointed SEC Monitor and Receiver for an investment adviser accused of fraud. From 2001 to 2013, Ms. Murray was an adjunct professor at New York University’s Stern School of Business, where she taught courses in bankruptcy, distressed debt investing, and equity analysis and valuation. She is a Certified Valuation Analyst and a Certified Fraud Examiner, with expertise in fraud prevention, detection, and deterrence. Ms. Murray has an MBA in Finance from the Stern School of Business and a BA in World Affairs and Chinese from Colgate University. Announcement • Feb 21
CRA International, Inc. Provides Earnings Guidance for the Fiscal Year 2025 CRA International, Inc. provided earnings guidance for the fiscal year 2025. For full year fiscal 2025 on a constant currency basis relative to fiscal 2024, the company expects revenue in the range of $715 million to $735 million. Announcement • Feb 20
CRA International, Inc. Declares Quarterly Dividend, Payable on March 14, 2025 CRA International, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.49 per common share to be paid on March 14, 2025 to shareholders of record of CRA’s common stock as of the close of business on March 4, 2025. Announcement • Feb 07
CRA International, Inc. to Report Q4, 2024 Results on Feb 20, 2025 CRA International, Inc. announced that they will report Q4, 2024 results on Feb 20, 2025 Declared Dividend • Nov 03
Third quarter dividend of US$0.49 announced Shareholders will receive a dividend of US$0.49. Ex-date: 26th November 2024 Payment date: 13th December 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 15% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 31% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 01
CRA International, Inc. Reaffirms Earnings Guidance for the Fiscal 2024 CRA International, Inc. reaffirmed earnings guidance for the fiscal 2024. 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. Reflecting the continued strength and quality of the company's business, the company is reaffirming the company's revenue and profit guidance. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$1.69 (vs US$1.23 in 3Q 2023) Third quarter 2024 results: EPS: US$1.69 (up from US$1.23 in 3Q 2023). Revenue: US$167.7m (up 14% from 3Q 2023). Net income: US$11.4m (up 34% from 3Q 2023). Profit margin: 6.8% (up from 5.8% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 31
Charles River Associates Declares Quarterly Cash Dividend , Payable December 13, 2024 Charles River Associates announced that its Board of Directors has declared a 17% increase in the quarterly cash dividend from $0.42 to $0.49 per common share to be paid on December 13, 2024 to shareholders of record of CRA’s common stock as of the close of business on November 26, 2024. The Company expects to continue paying quarterly dividends, the declaration, timing and amounts of which remain subject to the discretion of CRA’s Board of Directors. Announcement • Oct 10
CRA International, Inc. to Report Q3, 2024 Results on Oct 31, 2024 CRA International, Inc. announced that they will report Q3, 2024 results on Oct 31, 2024 Upcoming Dividend • Aug 20
Upcoming dividend of US$0.42 per share Eligible shareholders must have bought the stock before 27 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.3%). Declared Dividend • Aug 05
Second quarter dividend of US$0.42 announced Shareholders will receive a dividend of US$0.42. Ex-date: 27th August 2024 Payment date: 13th September 2024 Dividend yield will be 1.1%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 15% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 16% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0.96 (vs US$1.36 in 2Q 2023) Second quarter 2024 results: EPS: US$0.96 (down from US$1.36 in 2Q 2023). Revenue: US$171.4m (up 5.9% from 2Q 2023). Net income: US$6.54m (down 31% from 2Q 2023). Profit margin: 3.8% (down from 5.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 25
CRA International, Inc. to Report Q2, 2024 Results on Aug 01, 2024 CRA International, Inc. announced that they will report Q2, 2024 results on Aug 01, 2024 Recent Insider Transactions • May 16
Independent Director recently sold €381k worth of stock On the 10th of May, Christine Detrick sold around 3k shares on-market at roughly €152 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €631k more than they bought in the last 12 months. Declared Dividend • May 12
First quarter dividend of US$0.42 announced Shareholders will receive a dividend of US$0.42. Ex-date: 24th May 2024 Payment date: 14th June 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 15% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 4.6% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$1.98 (vs US$1.25 in 1Q 2023) First quarter 2024 results: EPS: US$1.98 (up from US$1.25 in 1Q 2023). Revenue: US$171.8m (up 12% from 1Q 2023). Net income: US$13.7m (up 54% from 1Q 2023). Profit margin: 8.0% (up from 5.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 28
CRA International, Inc., Annual General Meeting, Jul 18, 2024 CRA International, Inc., Annual General Meeting, Jul 18, 2024, at 08:00 US Eastern Standard Time. Location: at 200 Clarendon Street, 9 th Floor, Boston, Massachusetts 02116, Boston United States Agenda: To consider and vote upon the election of three Class II directors; To conduct an advisory vote to approve an executive compensation; To ratify the appointment by the audit committee of Grant Thornton LLP as an independent registered public accountants for the fiscal year ending December 28, 2024; and To transact such further business as may properly come before the annual meeting or any adjournment thereof. Announcement • Apr 24
CRA International, Inc. to Report Q1, 2024 Results on May 02, 2024 CRA International, Inc. announced that they will report Q1, 2024 results on May 02, 2024 Recent Insider Transactions • Mar 07
Independent Director recently sold €127k worth of stock On the 4th of March, Thomas Avery sold around 1k shares on-market at roughly €127 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €250k more than they bought in the last 12 months. Declared Dividend • Mar 04
Fourth quarter dividend of US$0.42 announced Shareholders will receive a dividend of US$0.42. Ex-date: 11th March 2024 Payment date: 22nd March 2024 Dividend yield will be 1.2%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 17% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 23% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 01
CRA International, Inc. Declares Quarterly Cash Dividend, Payable on March 22, 2024 On February 29, 2024, CRA International, Inc. announced that board of directors declared a quarterly cash dividend on common stock of $0.42 per share to be paid on March 22, 2024 to all shareholders of record as of March 12, 2024. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: US$5.47 (vs US$6.02 in FY 2022) Full year 2023 results: EPS: US$5.47 (down from US$6.02 in FY 2022). Revenue: US$624.0m (up 5.6% from FY 2022). Net income: US$38.3m (down 12% from FY 2022). Profit margin: 6.1% (down from 7.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Nov 21
Upcoming dividend of US$0.42 per share at 1.8% yield Eligible shareholders must have bought the stock before 27 November 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (2.5%). Announcement • Nov 03
CRA International, Inc. Increases Quarterly Cash Dividend, Payable on December 8, 2023 Charles River Associates announced that its Board of Directors has declared a 17% increase in the quarterly cash dividend from $0.36 to $0.42 per common share to be paid on December 8, 2023 to shareholders of record of CRA’s common stock as of the close of business on November 28, 2023. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$1.23 (vs US$1.66 in 3Q 2022) Third quarter 2023 results: EPS: US$1.23 (down from US$1.66 in 3Q 2022). Revenue: US$147.6m (flat on 3Q 2022). Net income: US$8.60m (down 27% from 3Q 2022). Profit margin: 5.8% (down from 8.0% in 3Q 2022). Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 20
CRA International, Inc. to Report Q3, 2023 Results on Nov 02, 2023 CRA International, Inc. announced that they will report Q3, 2023 results on Nov 02, 2023 Upcoming Dividend • Aug 21
Upcoming dividend of US$0.36 per share at 1.3% yield Eligible shareholders must have bought the stock before 28 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.8%). Recent Insider Transactions • Aug 10
Executive VP & General Counsel recently sold €123k worth of stock On the 7th of August, Jonathan Yellin sold around 1k shares on-market at roughly €98.51 per share. This transaction amounted to 5.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €445k more than they bought in the last 12 months. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$1.36 (vs US$1.60 in 2Q 2022) Second quarter 2023 results: EPS: US$1.36 (down from US$1.60 in 2Q 2022). Revenue: US$162.0m (up 8.6% from 2Q 2022). Net income: US$9.51m (down 18% from 2Q 2022). Profit margin: 5.9% (down from 7.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 23
CRA International, Inc. to Report Q2, 2023 Results on Aug 03, 2023 CRA International, Inc. announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Aug 03, 2023 Upcoming Dividend • May 19
Upcoming dividend of US$0.36 per share at 1.5% yield Eligible shareholders must have bought the stock before 26 May 2023. Payment date: 09 June 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.8%). Reported Earnings • May 06
First quarter 2023 earnings released: EPS: US$1.25 (vs US$1.55 in 1Q 2022) First quarter 2023 results: EPS: US$1.25 (down from US$1.55 in 1Q 2022). Revenue: US$152.8m (up 3.0% from 1Q 2022). Net income: US$8.88m (down 22% from 1Q 2022). Profit margin: 5.8% (down from 7.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 09
Independent Director recently sold €104k worth of stock On the 6th of March, Thomas Avery sold around 1k shares on-market at roughly €104 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €322k more than they bought in the last 12 months. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: US$6.02 (vs US$5.59 in FY 2021) Full year 2022 results: EPS: US$6.02 (up from US$5.59 in FY 2021). Revenue: US$590.9m (up 4.4% from FY 2021). Net income: US$43.5m (up 4.7% from FY 2021). Profit margin: 7.4% (up from 7.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 17
CRA International, Inc. to Report Q4, 2022 Results on Mar 02, 2023 CRA International, Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Mar 02, 2023 Board Change • Jan 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Heather Tookes Alexopoulos was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 02
CRA International, Inc. (NasdaqGS:CRAI) acquired Substantially all of the assets of bioStrategies Group. CRA International, Inc. (NasdaqGS:CRAI) acquired Substantially all of the assets of bioStrategies Group on November 29, 2022. CRA International retained the services of 17 employees, including Mike Kaestle and Chris Schneider, who have joined CRA’s Life Sciences Practice as vice presidents.CRA International, Inc. (NasdaqGS:CRAI) completed the acquisition of Substantially all of the assets of bioStrategies Group on November 29, 2022. Upcoming Dividend • Nov 21
Upcoming dividend of US$0.36 per share Eligible shareholders must have bought the stock before 28 November 2022. Payment date: 09 December 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.7%). Announcement • Nov 17
CRA International Announces Professor Heather E. Tookes to Join Board of Directors Charles River Associates announced that Professor Heather E. Tookes of the Yale School of Management will be joining CRA’s Board of Directors as an independent director, effective December 8, 2022. Professor Tookes will serve on the Board’s Compensation and the Nominating and Corporate Governance Committees. Professor Tookes is Deputy Dean for Faculty and Professor of Finance at Yale University's School of Management and has been on the faculty since 2004. Her research lies at the intersection of capital markets and corporate finance. Much of her work focuses on understanding the ways in which credit market frictions interact with firms’ financing decisions. Professor Tookes teaches corporate finance to MBA students and has won awards for her teaching. Professor Tookes is also an independent director on the boards for Dimensional Fund Advisors U.S. mutual funds and exchange-traded funds, Ariel Investments, LLC and Payoneer Global, Inc. Professor Tookes has a PhD in finance from Cornell University and a BA in economics from Brown University. Recent Insider Transactions • Nov 16
Independent Director recently sold €218k worth of stock On the 9th of November, Robert Holthausen sold around 2k shares on-market at roughly €117 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €891k more than they bought in the last 12 months. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: US$1.66 (vs US$1.48 in 3Q 2021) Third quarter 2022 results: EPS: US$1.66 (up from US$1.48 in 3Q 2021). Revenue: US$148.4m (up 8.8% from 3Q 2021). Net income: US$11.8m (up 8.6% from 3Q 2021). Profit margin: 8.0% (in line with 3Q 2021). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 36% per year. Announcement • Oct 26
CRA International, Inc. to Report Q3, 2022 Results on Nov 03, 2022 CRA International, Inc. announced that they will report Q3, 2022 results on Nov 03, 2022 Announcement • Aug 24
CRA International, Inc. Announces Successful Request for Proposal and Procurement Process on Behalf of the Indiana Utility Group Consortium for Its Crossroads EV Corridor CRA International, Inc. announced a successful request for proposal (RFP) and procurement process on behalf of the Indiana Utility Group Consortium for its Crossroads EV Corridor, a planned network of electric vehicle (EV) charging stations across Indiana to encourage the use of electric vehicles and improve air quality for all Hoosiers and visitors. CRA designed and ran the procurement for the Consortium, which was organized by Northern Indiana Public Service Company (NIPSCO). 17 entities responded to the RFP, offering a wide array of EVSE technology, configurations, and EV charging networks. The successful vendor in the RFP was Shell Recharge, which will deploy a combination of Tritium and ABB DC fast-charging equipment, subject to the needs of the specific utility site, and will be managed by Greenlots SKY EV charging network software. The Corridor is supported by grants from the Indiana Department of Environmental Management, which is the Beneficiary Lead Agency of the Volkswagen Diesel Emissions Environmental Mitigation Trust fund and oversees distributions of funds to successful applicants. The Indiana Utility Group Consortium includes AES Indiana, CenterPoint Energy Indiana South, Crawfordsville Electric Light & Power (CEL&P), Hoosier Energy Rural Electric Cooperative (REC), Wabash Valley Power Alliance (WVPA), and NIPSCO. The first tranche of EV chargers is expected to come online by December 2022 and the last tranche is expected to be in service by December 2023. Upcoming Dividend • Aug 22
Upcoming dividend of US$0.31 per share Eligible shareholders must have bought the stock before 29 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.5%). Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$1.60 (vs US$1.57 in 2Q 2021) Second quarter 2022 results: EPS: US$1.60 (up from US$1.57 in 2Q 2021). Revenue: US$149.1m (flat on 2Q 2021). Net income: US$11.6m (up 1.1% from 2Q 2021). Profit margin: 7.8% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 7.2%, compared to a 8.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 02
CRA International Announces Changes to Board of Directors Charles River Associates announced that Alva H. Taylor of the Tuck School of Business has been appointed to CRA’s Board of Directors as an independent director, effective August 1, 2022. Dr. Taylor will serve on the Board’s Audit and Nominating and Corporate Governance Committees. Dr. Taylor is a professor and the faculty director of the Glassmeyer/McNamee Center for Digital Strategies at the Tuck School of Business at Dartmouth College. The center helps business leaders understand how changes in digital technology impact business strategy and corporate decision making. Dr. Taylor has been recognized for his research in the areas of innovation processes, entrepreneurship, technological change, and strategic decision making in fast-changing environments. His recent work explores the challenges of managing creative groups for sustained innovation and entrepreneurship, and how organizational learning takes place in information-rich environments. He teaches courses on strategy, innovation, and change management in Tuck’s MBA, Executive Education, and Master’s in Health Care Delivery Science programs.Dr. Taylor has partnered with Google to design and direct the Digital Excellence for Minority Entrepreneurs Executive Education Program. A former consultant himself, Dr. Taylor holds BS and MS degrees in Operations Research and Industrial Engineering from Cornell University, an MBA from Cornell's Johnson Graduate School of Management, and a PhD from Stanford University’s Graduate School of Business. CRA also announced that Nancy Hawthorne has informed the Company of her plans to step down from CRA’s Board of Directors, effective August 1, 2022, in order to focus on other personal commitments. Announcement • Jul 22
CRA International, Inc. to Report Q2, 2022 Results on Aug 04, 2022 CRA International, Inc. announced that they will report Q2, 2022 results on Aug 04, 2022 Upcoming Dividend • May 20
Upcoming dividend of US$0.31 per share Eligible shareholders must have bought the stock before 27 May 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (2.5%). Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$1.55 (vs US$1.37 in 1Q 2021) First quarter 2022 results: EPS: US$1.55 (up from US$1.37 in 1Q 2021). Revenue: US$148.4m (up 1.3% from 1Q 2021). Net income: US$11.4m (up 9.3% from 1Q 2021). Profit margin: 7.7% (up from 7.1% in 1Q 2021). Over the next year, revenue is forecast to grow 6.0%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year and the company’s share price has also increased by 30% per year. Announcement • May 06
Charles River Associates Declares Quarterly Cash Dividend, Payable on June 10, 2022 Charles River Associates announced that its Board of Directors has declared a quarterly cash dividend of $0.31 per common share to be paid on June 10, 2022 to shareholders of record of CRA’s common stock as of the close of business on May 31, 2022. Announcement • May 02
CRA International, Inc., Annual General Meeting, Jul 19, 2022 CRA International, Inc., Annual General Meeting, Jul 19, 2022, at 08:00 US Eastern Standard Time. Location: 200 Clarendon Street, 9th Floor Boston Massachusetts United States Agenda: To consider election of directors; to conduct an advisory vote to approve executive compensation; to ratify the appointment by audit committee of Grant Thornton LLP as independent registered public accountants; and to transact other business matters. Announcement • Apr 22
CRA International, Inc. to Report Q1, 2022 Results on May 05, 2022 CRA International, Inc. announced that they will report Q1, 2022 results on May 05, 2022 Upcoming Dividend • Mar 07
Upcoming dividend of US$0.31 per share Eligible shareholders must have bought the stock before 14 March 2022. Payment date: 25 March 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.5%). Lower than average of industry peers (2.5%). Announcement • Mar 05
CRA International, Inc. Declares Quarterly Cash Dividend, Payable on March 25, 2022 CRA International, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.31 per common share to be paid on March 25, 2022 to shareholders of record of CRA’s common stock as of the close of business on March 15, 2022. The Company expects to continue paying quarterly dividends, the declaration, timing and amounts of which remain subject to the discretion of CRA’s Board of Directors. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$5.62 (up from US$3.14 in FY 2020). Revenue: US$565.9m (up 11% from FY 2020). Net income: US$41.7m (up 71% from FY 2020). Profit margin: 7.4% (up from 4.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.9%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 22% per year. Announcement • Mar 03
CRA International, Inc. (NasdaqGS : CRAI) acquired Substantially All of the Assets of Welch Consulting. CRA International, Inc. (NasdaqGS : CRAI) acquired Substantially All of the Assets of Welch Consulting on February 28, 2022. As part of the transaction, CRA has retained the services of Welch’s approximately 45 employees, including five individuals who will become vice presidents within CRA’s Labor and Employment Practice: G. Edward Anderson, Amy M. Aukstikalnis, Hyowook Chiang, Valentín Estévez, and Jora B. Stixrud. Donald R. Deere and Michael P. Ward will affiliate with CRA as senior consultants.
CRA International, Inc. (NasdaqGS : CRAI) completed the acquisition of Substantially All of the Assets of Welch Consulting on February 28, 2022. Announcement • Feb 18
CRA International, Inc. to Report Q4, 2021 Results on Mar 03, 2022 CRA International, Inc. announced that they will report Q4, 2021 results on Mar 03, 2022 Recent Insider Transactions • Nov 24
Independent Director recently sold €673k worth of stock On the 19th of November, Robert Holthausen sold around 7k shares on-market at roughly €92.68 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €808k more than they bought in the last 12 months. Upcoming Dividend • Nov 22
Upcoming dividend of US$0.31 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 10 December 2021. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.8%). Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$1.48 (vs US$0.69 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$136.4m (up 12% from 3Q 2020). Net income: US$10.9m (up 103% from 3Q 2020). Profit margin: 8.0% (up from 4.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 30% per year. Upcoming Dividend • Aug 23
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 10 September 2021. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (1.8%). Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$1.58 (vs US$0.76 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$148.2m (up 21% from 2Q 2020). Net income: US$11.6m (up 96% from 2Q 2020). Profit margin: 7.8% (up from 4.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. 
