secwatch.observer — SEC 8-K summary
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Issuer:     CRA INTERNATIONAL, INC. (CRAI)
CIK:        0001053706
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001053706-23-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.78
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1053706/000105370623000025/0001053706-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1053706/000105370623000025/crai-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001053706-23-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer