NASDAQ$CRAI

CRA International Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Broad-based contributions drove record revenue in fiscal year 2023 and fourth quarter revenue increased 11.5% year over year.

Charles River Associates (CRA) announced financial results for the fourth quarter and fiscal year ended December 30, 2023. Revenue increased 11.5% compared to the fourth quarter of fiscal 2022, reaching $161.6 million. Net income increased 32.1% year over year to $11.5 million. Earnings per diluted share increased 36.1% year over year to $1.62.

  • Revenue grew 11.5% year over year to $161.6 million.
  • Net income increased 32.1% year over year to $11.5 million, or 7.1% of revenue.
  • Earnings per diluted share increased 36.1% year over year to $1.62.
  • Non-GAAP EBITDA increased 16.7% to $19.0 million, or 11.8% of revenue.

Headline financials

Total Revenue

$162M

Previous: $145M+11.5%
EPS (adj)

$1.63

Previous: $1.19+37.0%
Capital Expenditures

-$358K

Previous: $814K-144.0%
Free Cash Flow

$59.7M

Previous: $59.3M+0.7%
Net Income

$11.5M

Previous: $8.67M+32.1%
Operating Income

$17.1M

Previous: $13.3M+28.9%
Gross Profit

$46.1M

Previous: $44.3M+4.1%
Stock-Based Comp

$1.38M

Previous: $1.21M+14.1%

Revenue & EPS history

CRA · Revenue · Quarterly

$162M

Q4 2023+11.5%vs Q4 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

For full-year fiscal 2024, on a constant currency basis relative to fiscal 2023, we expect revenue in the range of $645 million to $675 million, and non-GAAP EBITDA margin in the range of 10.8% to 11.5%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

+1.1%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+2.5%

Avg return

30 days after

54%

34 / 63 earnings

Positive

+20.0%

Q3 2019

Best reaction

-20.2%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2025+2.6%-7.9%-4.6%
Q4 2025+4.2%+15.4%-4.4%
Q3 2025+3.4%+5.7%-1.0%
Q4 2024+11.4%+3.2%-7.1%
Q3 2024-4.2%-3.1%+0.4%
Q2 2024-12.3%-11.5%-3.5%
Q1 2024+2.9%+8.2%+17.7%
Q4 2023+10.6%+15.2%+26.8%
Q3 2023-11.8%-5.6%-0.6%
Q2 2023+4.7%+3.9%+6.6%
Q1 2023-6.9%-9.2%-6.9%
Q4 2022-11.7%-6.9%-13.8%
Q3 2022+13.3%+14.8%+19.1%
Q2 2022-5.9%-11.1%-10.9%
Q1 2022-1.0%-4.9%+3.1%
Q4 2021-1.2%-4.9%-5.6%
Q3 2021-19.8%-18.9%-20.8%
Q2 2021+9.8%+8.5%+14.0%
Q1 2021+3.3%-0.6%+1.6%
Q4 2020+12.1%+18.6%+27.2%
Q3 2020+6.6%+15.4%+22.1%
Q2 2020+5.4%+6.7%+10.2%
Q1 2020-1.8%-6.8%-2.3%
Q4 2019-2.3%-2.4%-34.2%
Q3 2019+20.0%+20.6%+19.3%
Q2 2019-6.2%-4.2%-10.4%
Q1 2019-20.2%-17.6%-28.2%
Q4 2018+13.5%+11.7%+14.3%
Q3 2018+3.9%+6.5%+15.7%
Q2 2018+1.9%+1.9%+5.6%
Q1 2018+1.2%+0.9%-2.0%
Q4 2017+8.5%+8.4%+19.6%
Q3 2017+2.2%+1.8%+9.0%
Q2 2017+14.0%+11.2%+3.0%
Q1 2017-6.5%-7.1%-3.1%
Q4 2016-0.7%+0.0%-1.5%
Q3 2016+8.3%+9.3%+18.8%
Q2 2016+5.2%+2.6%+0.9%
Q1 2016+10.3%
Q4 2015-2.2%
Q3 2015-1.4%
Q2 2015-3.4%
Q1 2015+2.6%
Q4 2014+6.1%
Q3 2014+6.8%
Q2 2014+3.4%
Q1 2014+2.8%
Q4 2013-2.6%
Q3 2013+3.0%
Q2 2013-0.6%
Q1 2013+2.1%
Q4 2012-0.1%
Q3 2012-0.3%
Q2 2012+0.7%
Q1 2012-0.2%
Q4 2011-2.6%
Q3 2011-1.4%
Q2 2010-5.3%
Q2 2011-5.3%
Q1 2011-2.6%
Q4 2010-0.3%
Q3 2010+4.2%
Q1 2009+0.1%

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