The following is a summary of the CRA International, Inc. (CRAI) Q3 2024 Earnings Call Transcript:
Financial Performance:
CRA International reported a record Q3 revenue of $167.7 million, marking a 13.7% increase year-over-year.
Non-GAAP net income, earnings per diluted share, and EBITDA each increased by more than 50%, significantly outpacing revenue growth.
Business Progress:
With seven practices growing revenue, CRA emphasized strong performance in antitrust and competition economics, growing nearly 30% year-over-year.Substantial contributions from practices in energy, financial economics, and intellectual property sectors.
Significant capital deployments included talent investments and capital expenditures aimed at supporting the consulting infrastructure.
Opportunities:
Growth driven by continued demand for antitrust and merger-related services with the backdrop of a 16% increase in worldwide M&A activity.
Opportunities in energy practices due to hiring of senior resources and expansion into data centers and electric vehicle sectors.
Intellectual property practice expanded with new teams, contributing notably to the growth.
Risks:
No explicit risks mentioned.
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
