---
schema_version: "secwatch.filing_event.v1"
accession: "0001053706-23-000013"
form_type: "8-K"
ticker: "CRAI"
cik: "0001053706"
company_name: "CRA INTERNATIONAL, INC."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T19:40:38.396237+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001053706-23-000013
- form_type: 8-K
- ticker: CRAI
- cik: 0001053706
- company_name: CRA INTERNATIONAL, INC.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1053706/000105370623000013/0001053706-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1053706/000105370623000013/crai-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001053706-23-000013
- JSON: https://secwatch.observer/filing/0001053706-23-000013.json
- Plain text: https://secwatch.observer/filing/0001053706-23-000013.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1053706/000105370623000013/0001053706-23-000013-index.htm

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