---
schema_version: "secwatch.filing_event.v1"
accession: "0001053706-23-000006"
form_type: "8-K"
ticker: "CRAI"
cik: "0001053706"
company_name: "CRA INTERNATIONAL, INC."
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T14:06:05.029260+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CRA reports Q4 revenue up 7.6% to $145M, EPS $1.19; FY2023 guidance $615M-$640M revenue

## Summary
- Q4 2022 revenue $145.0M (+7.6% YoY); diluted EPS $1.19 (+4.4% YoY); net income flat at $8.7M.
- Full-year 2022 revenue $590.9M (+4.4% YoY); net income $43.6M (+4.7%); non-GAAP EBITDA $72.9M (+6.6%).
- Board authorized $20M expansion to share repurchase program; quarterly dividend $0.36/share declared, payable March 24.
- FY2023 guidance: revenue $615M-$640M; non-GAAP EBITDA margin 10.8%-11.5% (constant currency basis).
- Consultant headcount 939 at year-end, up 9.1% YoY; utilization 74% in Q4.

## SEC filing metadata
- accession: 0001053706-23-000006
- form_type: 8-K
- ticker: CRAI
- cik: 0001053706
- company_name: CRA INTERNATIONAL, INC.
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1053706/000105370623000006/0001053706-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1053706/000105370623000006/crai-20230302.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001053706-23-000006
- JSON: https://secwatch.observer/filing/0001053706-23-000006.json
- Plain text: https://secwatch.observer/filing/0001053706-23-000006.txt

## Key facts
- Earnings Releases
  CRA INTERNATIONAL, INC. reported the fiscal year ended December 31, 2022 results: revenue $590.9 million, net income $43.6 million, EPS $5.91.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: $590.9 million
  - Net income: $43.6 million
  - EPS: $5.91
  - Result: reported results
  source text: Highlights for Full-Year Fiscal 2022 • Revenue grew 4.4% year over year to $590.9 million with company-wide utilization of 75%. • GAAP net income increased 4.7% year over year to $43.6 million, or 7.4% of revenue, or $5.91 per diluted share, compared with $41.7 million, or 7.4% of revenue, or $5.45 per diluted share for the full year fiscal 2021. Non-GAAP net income increased 4.5% year over year to $43.8 million, or 7.4% of revenue, or $5.94 per diluted share, compared with $42.0 million, or 7.4% of revenue, or $5.49 per diluted share for the full year fiscal 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1053706/000105370623000006/0001053706-23-000006-index.htm
- Earnings Releases
  CRA INTERNATIONAL, INC. reported the fourth quarter ended December 31, 2022 results: revenue $145.0 million, net income $8.7 million, EPS $1.19.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $145.0 million
  - Net income: $8.7 million
  - EPS: $1.19
  - Result: reported results
  source text: Highlights for Fourth-Quarter Fiscal 2022 • Revenue grew 7.6% year over year to $145.0 million. • Utilization was 74%, and quarter-end headcount increased 9.1% year over year. • Net income increased 0.1% year over year to $8.7 million, or 6.0% of revenue, compared with $8.7 million, or 6.4% of revenue, in the fourth quarter of fiscal 2021; non-GAAP net income increased 0.7% year over year to $8.7 million, or 6.0% of revenue, compared with $8.7 million, or 6.4% of revenue, in the fourth quarter of fiscal 2021. • Earnings per diluted share increased 4.4% year over year to $1.19; non-GAAP earnings per diluted share increased 4.4% year over year to $1.19.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1053706/000105370623000006/0001053706-23-000006-index.htm
- Earnings Releases
  CRA INTERNATIONAL, INC. updated its the fiscal year ending December 31, 2023 guidance (initiated).
  - Period: the fiscal year ending December 31, 2023
  - Guidance: initiated
  - Result: guidance update
  source text: For full-year fiscal 2023, on a constant currency basis relative to fiscal 2022, we expect revenue in the range of $615 million to $640 million, and non-GAAP EBITDA margin in the range of 10.8% to 11.5%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1053706/000105370623000006/0001053706-23-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.