Q2 2026 CRA International Inc Earnings Call Transcript

Aug 6, 2026 / 02:00 PM GMT

Release Date Price: €150 (-2.60%)

Transcript 10-Q8-K

Key Points

Positve

CRA International Inc (CRAI) delivered record quarterly revenue of $210.8 million, representing 12.8% year-over-year growth and the highest in company history.
Broad-based growth was achieved with 8 practices growing year-over-year, representing 95% of total revenue, and 6 practices posting double-digit growth.
The antitrust and competition economics practice posted its sixth straight record quarter, capitalizing on a 50% surge in worldwide M&A activity.
Strong international performance drove a 32.9% revenue increase, with organic growth in life sciences and competition practices in Europe.
The company raised its full-year revenue guidance to $805-$820 million, reflecting confidence in the healthy pipeline and strong first-half results.
Consultant utilization improved to 77% from 76% a year ago, supported by double-digit growth in project lead flow and new project originations.

Negative

CRA International Inc (CRAI) faces the challenge of forecasting off record-high revenue levels, which introduces uncertainty given no historical precedent for such performance.
The effective tax rate increased to 32.6% in Q2 from 29.0% a year ago, primarily due to higher non-deductible executive compensation.
Days sales outstanding (DSO) rose to 113 days from 100 days at the end of Q1, indicating slower cash collection during the quarter.
Non-cash forgivable loan amortization is expected to increase by approximately $15 million in fiscal 2026, reflecting higher talent investment costs.
The company remains mindful of evolving geopolitical, macroeconomic, and business conditions that could negatively affect future performance.
Fiscal 2026 returns to a typical 52-week year versus the 53-week fiscal 2025, creating a year-over-year growth headwind of approximately 100-150 basis points.

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

CRAI.OQ - CRA International Inc
Q2 2026 CRA International Inc Earnings Call
Aug 06, 2026 / 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 second quarter 2026 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 CRI.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 Doctor Nierenberg for opening remarks.

Eric, please go ahead.

Thank you, Rob, and good morning, everyone.

Please note that the statements made during this conference call,

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