CRA posts record Q1 revenue $152.8M; net income falls 22% YoY to $8.9M

CRA INTERNATIONAL, INC.

Revenue $152.8M (record high), up 3.0% YoY; constant-currency revenue $155.9M, up 5.1%.
GAAP net income $8.9M, down 21.9% YoY; diluted EPS $1.23 vs $1.52.
Non-GAAP EBITDA $16.7M (10.9% of revenue) vs $18.7M (12.6%) prior year.
Reaffirmed FY2023 guidance: revenue $615-640M, non-GAAP EBITDA margin 10.8-11.5% (constant-currency).
Declared $0.36/share dividend payable June 9; returned $23.3M via dividends and share repurchases in Q1.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CRA INTERNATIONAL, INC. reported the fiscal first quarter ended April 1, 2023 results: revenue $152.8 million, net income $8.9 million, EPS $1.23. Guidance reaffirmed.

Period: the fiscal first quarter ended April 1, 2023
Revenue: $152.8 million
Net income: $8.9 million
EPS: $1.23
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Q1 Fiscal 2023 Summary (Quarter ended April 1, 2023) • Revenue: $152.8 million • Net income: $8.9 million, or 5.8% of revenue; non-GAAP net income: $9.4 million, or 6.1% of revenue • Net income per diluted share: $1.23; non-GAAP net income per diluted share: $1.29

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Source: SEC EDGAR

accession 0001053706-23-000013

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