Q3 2025 CRA International Inc Earnings Call Transcript

Oct 30, 2025 / 02:00 PM GMT

Release Date Price: €157 (+3.29%)

Transcript 10-Q8-K

Key Points

Positve

Revenue increased by 10.8% year over year to $185.9 million, marking the best three revenue quarters in CRA International Inc (CRAI)'s history.
Seven out of eleven practices experienced year-over-year growth, with antitrust and competition economics, energy, finance, and intellectual property practices posting double-digit revenue growth.
International operations expanded by 30.3% year over year, driven by strong performance in antitrust and competition economics and life sciences practices.
Non-GAAP net income, earnings per diluted share, and EBITDA increased by 12.7%, 16.4%, and 14.6% respectively, exceeding revenue growth.
The company raised its revenue guidance and increased the lower end of its profit guidance for full-year fiscal 2025, reflecting continued strength and quality of the business.

Negative

Consultant headcount decreased by 1.0% year over year, indicating potential challenges in maintaining or expanding workforce capacity.
Non-GAAP selling, general, and administrative expenses increased slightly to 16.3% of revenue, compared to 16.2% a year ago.
The effective tax rate increased to 28.8% on a non-GAAP basis, compared to 28.5% in the previous year.
Days Sales Outstanding (DSO) increased to 115 days, up from 110 days in the previous quarter, indicating slower collection of receivables.
Despite strong performance, the company remains cautious about uncertain global macroeconomic, business, and political conditions that could affect future performance.

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

CRAI.OQ - CRA International Inc
Q3 2025 CRA International Inc Earnings Call
Oct 30, 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 3rd 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 CAAI.com.

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

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Unidentified_2 [2]
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