CRA reports record Q2 revenue of $149.1M; raises FY2022 EBITDA margin guidance

CRA INTERNATIONAL, INC.

Q2 revenue $149.1M (record), up 0.6% YoY; GAAP EPS $1.57, non-GAAP EPS $1.58.
Non-GAAP EBITDA $19.8M (13.3% of revenue), up 3% YoY; utilization 77%.
Four practices (Antitrust, Energy, IP, Labor & Employment) delivered double-digit revenue growth.
Reaffirmed FY2022 revenue guidance $585M-$605M; raised non-GAAP EBITDA margin guidance to 11.3%-12.0% from 10.8%-11.5%.
Declared $0.31/share quarterly dividend payable Sept 9, 2022 to holders of record Aug 30, 2022; returned $20M to shareholders in Q2.

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