earnings
confidence high
sentiment positive
materiality 0.75
CRAI posts record Q1 revenue $171.8M, EPS $1.95, declares $0.42 dividend, reaffirms FY24 guidance
CRA INTERNATIONAL, INC.
- Revenue $171.8M (+12.4% YoY), net income $13.7M (+53.5%), EPS $1.95 (+58.5%).
- Non-GAAP EPS $1.96 (+51.9%), non-GAAP EBITDA $22.4M (+34.4%), utilization 73%.
- FY24 guidance reaffirmed: revenue $645M-$675M, non-GAAP EBITDA margin 10.8%-11.5%.
- Board declared $0.42 dividend per share, payable June 14 to record May 28.
- Share repurchases of $9.2M (~66k shares) in Q1; eight of eleven practices grew YoY.