The following is a summary of the CRA International, Inc. (CRAI) Q2 2024 Earnings Call Transcript:

Financial Performance:

• CRA International reported a 5.9% increase in Q2 2024 revenue to $171.4 million.

• Non-GAAP net income, earnings per diluted share, and EBITDA increased by 26.4%, 28.9%, and 18.5% respectively.

• For FY 2024, CRA expects revenue in the range of $670 million to $685 million and a non-GAAP EBITDA margin between 12.2% to 13.0%.

Business Progress:

• Significant contributions from the Antitrust & Competition Economics, Financial Economics, Intellectual Property, Labor & Employment, and Life Sciences practices, with growth in new project originations.

• The company optimized its service portfolio by reconfiguring the consulting team, which involved targeted actions in about half a dozen practices.

• Intellectual Property practice has expanded, particularly in Texas, enhancing CRA's capabilities in patent litigation.

Opportunities:

• The Antitrust & Competition Economics practice continues to see strong demand in regulatory and legal environments, handling high-profile litigation and assisting in mergers.

• Intellectual Property practice benefits from a strong demand for patent litigation, especially from their strengthened position in Texas.

Risks:

• There are pockets of excess capacity within the company, leading to targeted optimization actions.

More details: CRA International IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.