Charles River Associates' Q2 revenue beats estimates
Overview
CRA fiscal Q2 revenue grows 9% yr/yr, beating analyst expectations, per LSEG data
Adjusted EPS for fiscal Q2 beats consensus, reflecting strong performance
Company raises revenue guidance for fiscal 2025
Outlook
CRA raises full-year revenue guidance to $730 mln-$745 mln
Company increases lower end of profit guidance for fiscal 2025
CRA expects non-GAAP EBITDA margin of 12.3%-13.0% for 2025
Company notes uncertain global conditions may affect future results
Result Drivers
PRACTICE GROWTH - Antitrust & Competition Economics, Energy, Intellectual Property, and Labor & Employment practices posted double-digit revenue growth
GEOGRAPHIC CONTRIBUTION - Both North American and international operations contributed to revenue growth, increasing 9.4% and 7.0% respectively
UTILIZATION - Utilization rate was 76% despite a 3.2% decrease in headcount
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $186.90 mln | $180.30 mln (3 Analysts) |
Q2 Adjusted EPS | Beat | $1.88 | $1.84 (3 Analysts) |
Q2 EPS |
| $1.79 |
|
Q2 Adjusted Net Income |
| $12.70 mln |
|
Q2 Net Income |
| $12.10 mln |
|
Q2 Adjusted EBITDA |
| $23.30 mln |
|
Press Release: ID:nBw9ZQph7a
