Q1 2025 CRA International Inc Earnings Call Transcript

May 1, 2025 / 02:00 PM GMT

Release Date Price: €142

Transcript 10-Q8-K

Key Points

Positve

CRA International Inc (CRAI) delivered record financial results with a 5.9% year-over-year revenue increase to $181.9 million, marking the highest quarterly revenue in the company's history.
Five practices, including energy, finance, intellectual property, and life sciences, posted double-digit revenue growth, with the antitrust and competition economics practice achieving a new high for quarterly revenue.
CRA's international operations led with nearly 20% year-over-year revenue growth, showcasing successful geographic expansion.
Non-GAAP net income, earnings per diluted share, and EBITDA increased by 11%, 13%, and 11% respectively, setting new quarterly records for the company.
Consultant utilization improved to 76% year-over-year, supported by a replenished sales pipeline and increased project lead flow.

Negative

Consultant headcount decreased by 5% compared to the first quarter of 2024, indicating potential challenges in workforce management.
Non-GAAP selling, general, and administrative expenses increased slightly to 15.9% of revenue from 15.6% a year ago, suggesting rising operational costs.
The effective tax rate on a non-GAAP basis was 27.2%, slightly lower than the previous year's 28.0%, but still a significant expense.
Days Sales Outstanding (DSO) increased to 107 days from 106 days, indicating potential delays in cash collection.
The company incurred a restructuring charge affecting approximately 15 individuals, highlighting ongoing efforts to optimize the service portfolio.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CRAI.OQ - CRA International Inc
Q1 2025 CRA International Inc Earnings Call
May 01, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day everyone and welcome to Charles River Associates first quarter 2025 conference call. Please note that today's call is being recorded. The company's earnings release and prepared CFO remarks are posted on the investor relations section of CRA's website at CA.com.

With us today are CRA's President and Chief Executive Officer, Paul Malley, and Chief Corporate Development Officer and interim Chief Financial Officer, Chad Holmes. At this time, I'd like to turn the call over to Mr. Holmes for opening remarks. Chad, please go ahead.

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Unidentified_2 [2]
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