earnings
confidence high
sentiment positive
materiality 0.75
CRA Q2 revenue up 5.9%, non-GAAP EPS up 29%, raises full-year guidance; GAAP earnings down on restructuring
CRA INTERNATIONAL, INC.
- Revenue $171.4M (+5.9% YoY); GAAP EPS $0.94 (-29.9% YoY) from $8.2M restructuring charge.
- Non-GAAP EPS $1.83 (+28.9% YoY); non-GAAP EBITDA margin 13.0% vs 11.6% prior year.
- Raised FY2024 revenue guidance to $670-685M (prev $645-675M) and non-GAAP EBITDA margin to 12.2-13.0% (prev 10.8-11.5%).
- Returned $27M to shareholders: $2.9M dividends, $24.1M share repurchases (~140k shares).
- Board declared $0.42 quarterly dividend, payable Sep 13 to holders of record Aug 27.