CRA Q3 revenue $147.6M (-0.6% YoY); net income down 27.6%; FY guidance cut

CRA INTERNATIONAL, INC.

GAAP EPS $1.21 vs $1.63 YoY; non-GAAP EPS $1.13 vs $1.45; utilization fell to 66% from 74%.
Full-year FY2023 revenue guidance lowered to $610-$620M from $625-$640M; non-GAAP EBITDA margin 10.3%-10.7% from 11.0%-11.7%.
CEO cited unexpected slowdown in new project originations and higher headcount as key drivers of the miss.
Forensic Services and Life Sciences practices delivered double-digit revenue growth; international revenue up 13.2% YoY.
Board raised quarterly cash dividend 17% to $0.42/share, payable Dec 8 to holders of record Nov 28.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CRA INTERNATIONAL, INC. reported fiscal third quarter ended September 30, 2023 results: revenue $147.6 million, net income $8.6 million, EPS $1.21 per diluted share. Guidance lowered.

Period: fiscal third quarter ended September 30, 2023
Revenue: $147.6 million
Net income: $8.6 million
EPS: $1.21 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

operations continued their strong performance by expanding 13.2% year over year.” Highlights for Third Quarter Fiscal 2023 • Revenue declined 0.6% year over year to $147.6 million. • Utilization was 66%, and quarter-end headcount increased 11.3% year over year. • Net income decreased 27.6% year over year to $8.6 million, or 5.8% of revenue, compared with

View on SEC.gov

Browse all earnings releases →

CRA INTERNATIONAL, INC. filing history →

Source: SEC EDGAR

accession 0001053706-23-000025

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.