\n\u201cMaintaining the momentum of a record fiscal 2025, CRA continued its strong performance into the first quarter of fiscal 2026 as revenue increased by 10.5% year over year to $201.0 million,\u201d said Paul Maleh<\/a>, CRA\u2019s President and Chief Executive Officer. \u201cThis represents the highest quarterly revenue in the company\u2019s history, besting the previous record set by the fourth quarter of fiscal 2025.\u201d\u00a0\u00a0<\/p>\n \n\u201cBroad-based contributions drove the quarter\u2019s strong performance, with eight practices growing year over year. Four practices\u2014Energy, Finance, Forensic Services, and Life Sciences\u2014posted double-digit revenue growth, while the Antitrust & Competition Economics practice posted a new high for quarterly revenue. This strong practice performance reflected balanced growth across our portfolio, as our Legal & Regulatory offerings grew 11.5% year over year and Management Consulting offerings expanded 8.3%. We also generated growth across our geographies, with our North American operations increasing revenue by 8.5% and our international operations expanding 20.3% year over year.\u201d<\/p>\n Highlights for First Quarter Fiscal 2026<\/b><\/p>\n Management Commentary and Financial Guidance<\/b><\/p>\n \n\u201cWe are reaffirming our financial guidance for full-year fiscal 2026 of revenue in the range of $785 million to $805 million and non-GAAP EBITDA margin in the range of 12.0% to 13.0%, both on a constant currency basis relative to fiscal 2025,\u201d said Maleh. \u201cWe are encouraged by the strong start to the year, supportive market trends, and the continued replenishing of our sales pipeline. However, we remain mindful that evolving geopolitical, global macroeconomic, and business conditions can affect our business.\u201d<\/p>\n \nCRA does not provide reconciliations of its annual non-GAAP EBITDA margin guidance to GAAP net income margin because the Company is unable to estimate with reasonable certainty and without unreasonable effort: (i) unusual gains or charges, foreign currency exchange rates and the resulting effect of these items on CRA\u2019s taxes and (ii) the impact of equity awards on CRA\u2019s taxes. These items are uncertain, depend on various factors, and may have a material effect on CRA\u2019s results computed in accordance with GAAP. A reconciliation between the historical GAAP and non-GAAP financial measures presented in this press release is provided in the financial tables at the end of this press release.<\/p>\n Quarterly Dividend<\/b><\/p>\n \nOn May 7, 2026, CRA announced a quarterly cash dividend of $0.57 per common share, payable on June 12, 2026 to shareholders of record as of May 26, 2026. CRA expects to continue paying quarterly dividends, the declaration, timing and amounts of which remain subject to the discretion of CRA\u2019s Board of Directors.<\/p>\n Conference Call Information and Prepared CFO Remarks<\/b><\/p>\n \nCRA will host a conference call today at 10:00 a.m. ET to discuss its first-quarter 2026 financial results. To listen to the live call, please visit the \u201cInvestor Relations<\/a>\u201d section of CRA\u2019s website at http:\/\/www.crai.com<\/a>, or dial (877) 709-8155 or (201) 689-8881. An archived<\/a> version of the webcast will be available on CRA\u2019s website for one year.<\/p>\n \nIn combination with this press release, CRA has posted prepared remarks by its CFO, Eric Nierenberg, under \u201cQuarterly Earnings\u201d in the \u201cInvestor Relations<\/a>\u201d section on CRA\u2019s website at http:\/\/www.crai.com<\/a>. These remarks are offered each quarter to provide the investment community with additional background on CRA\u2019s financial results prior to the start of the conference call.<\/p>\n About Charles River Associates (CRA)<\/b><\/p>\n \nCharles River Associates\u00ae is a leading global consulting firm specializing in economic, financial, and management consulting services<\/a>. CRA advises clients on economic and financial matters pertaining to litigation and regulatory proceedings, and guides corporations through critical business strategy and performance-related issues. Since 1965, clients have engaged CRA for its unique combination of functional expertise and industry knowledge, and for its objective solutions to complex problems. Headquartered in Boston, CRA has offices throughout the world. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at www.crai.com<\/a>. Follow us on LinkedIn<\/a>, Instagram<\/a>, and Facebook<\/a>.<\/p>\n NON-GAAP FINANCIAL MEASURES<\/b><\/p>\n \nIn this press release, CRA has supplemented the presentation of its financial results calculated in accordance with U.S. generally accepted accounting principles or \u201cGAAP\u201d with the following financial measures that are not calculated in accordance with GAAP: non\u2011GAAP net income, non\u2011GAAP earnings per diluted share, non\u2011GAAP EBITDA and non-GAAP EBITDA margin. CRA believes that the non-GAAP financial measures described in this press release are important to management and investors because these measures supplement the understanding of CRA\u2019s ongoing operating results and financial condition. In addition, these non-GAAP measures are used by CRA in its budgeting process, and the non-GAAP adjustments are made to the performance measures for some of CRA\u2019s performance-based compensation.<\/p>\n \nAs used herein, CRA defines non-GAAP EBITDA as net income before interest expense (net), provision for income taxes, and depreciation and amortization further adjusted for the impact of certain items that we do not consider indicative of our core operating performance, such as non-cash amounts relating to valuation changes in contingent consideration, acquisition-related costs, foreign currency (gains) losses, net, restructuring costs and related tax effects. Non-GAAP net income and non-GAAP earnings per diluted share also exclude non-cash amounts relating to valuation changes in contingent consideration, acquisition-related costs, foreign currency (gains) losses, net, restructuring costs and related tax effects. This press release also presents certain current fiscal period financial measures on a \u201cconstant currency\u201d basis in order to isolate the effect that foreign currency exchange rate fluctuations can have on CRA\u2019s financial results. These constant currency measures are determined by recalculating the current fiscal period local currency financial measure using the specified corresponding prior fiscal period\u2019s foreign exchange rates.<\/p>\n \nAll of the non-GAAP financial measures referred to above should be considered in conjunction with, and not as a substitute for, the GAAP financial information presented in this press release. The financial measures identified in this press release as \u201cnon-GAAP\u201d are reconciled to their GAAP comparable measures in the financial tables appended to the end of this press release. In evaluating these non-GAAP financial measures, note that the non-GAAP financial measures used by CRA may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies.<\/p>\n SAFE HARBOR STATEMENT<\/b><\/p>\n Statements in this press release concerning our future business, operating results and financial condition, including those concerning guidance on future revenue and non-GAAP EBITDA margin, the impact of exchange rate fluctuations on our financial results, our expectations regarding continued growth, our expectations regarding the payment of any future quarterly dividends and the level and extent of any purchases under our expanded share repurchase program, and statements using the terms \u201coutlook,\u201d \u201cexpect,\u201d or similar expressions, are \u201cforward-looking\u201d statements as defined in Section 21 of the Securities Exchange Act of 1934, as amended.<\/i><\/p>\n These statements are based upon our current expectations and various underlying assumptions. Although we believe there is a reasonable basis for these statements and assumptions, and these statements are expressed in good faith, these statements are subject to a number of additional factors and uncertainties. Our actual revenue and non-GAAP EBITDA margin in fiscal 2026 on a constant currency basis relative to fiscal 2025 could differ materially from the guidance presented herein, and our actual performance and results may differ materially from the performance and results contained in or implied by the forward-looking statements made herein, due to many important factors. These factors include, but are not limited to, the possibility that the demand for our services may decline as a result of changes in general and industry-specific economic conditions; the timing of engagements for our services; the effects of competitive services and pricing; the development and use of artificial intelligence; our ability to attract and retain key employees or non-employee experts; the inability to integrate and utilize existing consultants and personnel; the decline or reduction in project work or activity; global economic conditions including less stable political and economic environments; foreign currency exchange rate fluctuations; unanticipated expenses and liabilities; risks inherent in international operations; changes in tax law or accounting standards, rules, and regulations; our ability to collect on forgivable loans should any become due; and professional and other legal liability or settlements. Additional risks and uncertainties are discussed in our periodic filings with the Securities and Exchange Commission under the heading \u201cRisk Factors.\u201d The inclusion of such forward-looking information should not be regarded as our representation that the future events, plans, or expectations contemplated will be achieved. Except as may be required by law, we undertake no obligation to update any forward-looking statements after the date of this press release, and we do not intend to do so.<\/i><\/p>\n CRA INTERNATIONAL, INC.<\/b><\/p>\n<\/td>\n<\/tr>\n CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<\/b><\/p>\n<\/td>\n<\/tr>\n FOR THE FISCAL QUARTERS ENDED<\/b><\/p>\n<\/td>\n<\/tr>\n APRIL 4, 2026 COMPARED TO MARCH 29, 2025<\/b><\/p>\n<\/td>\n<\/tr>\n (IN THOUSANDS, EXCEPT PER SHARE DATA)<\/b><\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n200,975<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n100.0<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n181,851<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n100.0<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n145,029<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n72.2<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n120,354<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n66.2<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n34,523<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n17.2<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n32,538<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n17.9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n3,391<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1.7<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,411<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1.9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n18,032<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9.0<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n25,548<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n14.0<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(1,011<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n-0.5<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(429<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n-0.2<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n378<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.2<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(474<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n-0.3<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n17,399<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8.7<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n24,645<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n13.6<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n6,267<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3.1<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,643<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3.7<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n11,132<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5.5<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n18,002<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9.9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n1.71<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n2.65<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1.69<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n2.62<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,512<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,775<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,588<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,862<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n CRA INTERNATIONAL, INC.<\/b><\/p>\n<\/td>\n<\/tr>\n RECONCILIATION OF NON-GAAP FINANCIAL MEASURES<\/b><\/p>\n<\/td>\n<\/tr>\n FOR THE FISCAL QUARTERS ENDED<\/b><\/p>\n<\/td>\n<\/tr>\n APRIL 4, 2026 COMPARED TO MARCH 29, 2025<\/b><\/p>\n<\/td>\n<\/tr>\n (IN THOUSANDS, EXCEPT PER SHARE DATA)<\/b><\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n200,975<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n100.0<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n181,851<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n100.0<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n11,132<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5.5<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n18,002<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9.9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n1,759<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(4,170<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n-2.3<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(378<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n-0.2<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n474<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.3<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n586<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.3<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n947<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.5<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n13,099<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6.5<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n15,253<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8.4<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n2.01<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n2.25<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n1.99<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n2.22<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,512<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,775<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,588<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6,862<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n CRA INTERNATIONAL, INC.<\/b><\/p>\n<\/td>\n<\/tr>\n RECONCILIATION OF NON-GAAP FINANCIAL MEASURES<\/b><\/p>\n<\/td>\n<\/tr>\n FOR THE FISCAL QUARTERS ENDED<\/b><\/p>\n<\/td>\n<\/tr>\n APRIL 4, 2026 COMPARED TO MARCH 29, 2025<\/b><\/p>\n<\/td>\n<\/tr>\n (IN THOUSANDS)<\/b><\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n200,975<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n100.0<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n181,851<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n100.0<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n11,132<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5.5<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n18,002<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9.9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n1,759<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(4,170<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n-2.3<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(378<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n-0.2<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n474<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.3<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n586<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.3<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n947<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.5<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n13,099<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n6.5<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n15,253<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8.4<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n1,011<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.5<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n429<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n0.2<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n5,681<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2.8<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n5,696<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3.1<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n3,391<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1.7<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,411<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1.9<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n23,182<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11.5<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n24,789<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n13.6<\/p>\n<\/td>\n \n%<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n32,496<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n18,210<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n233,262<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n248,862<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n50,714<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n36,057<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n316,472<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n303,129<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n36,312<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n36,713<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n99,777<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n100,404<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n72,101<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n76,132<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n137,752<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n112,495<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n662,414<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n628,873<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n24,273<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n30,177<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n132,454<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n223,460<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n17,239<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n17,223<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n192,000<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n34,000<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n14,875<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n25,169<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n380,841<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n330,029<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n70,889<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n76,009<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n12,294<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9,237<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n464,024<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n415,275<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n198,390<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n213,598<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n662,414<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n628,873<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n$<\/p>\n<\/td>\n \n11,132<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n18,002<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n10,061<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,112<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n14,724<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(2,746<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(149,806<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(103,362<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(113,889<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(79,994<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(2,649<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(974<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(2,649<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(974<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n208,000<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n90,000<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(50,000<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(5,000<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(1,449<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(2,454<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(3,806<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(3,488<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(21,463<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n131,282<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n79,058<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n(458<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n797<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n14,286<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1,113<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n18,210<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n26,711<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n32,496<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n25,598<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n52<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n(596<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n(192<\/p>\n<\/td>\n \n)<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n39<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n701<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n1,926<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n3,181<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n564<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n131<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n$<\/p>\n<\/td>\n \n5,956<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$<\/p>\n<\/td>\n \n5,714<\/p>\n<\/td>\n \n\u00a0<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260507973425\/en\/<\/a><\/span><\/p>\n \nEric Nierenberg\n
\n
\n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n Fiscal Quarter Ended<\/b><\/td>\n<\/tr>\n \n \n April 4,
2026<\/b><\/td>\n\n As a % of
Revenue<\/b><\/td>\n\n March 29,
2025<\/b><\/td>\n\n As a % of
Revenue<\/b><\/td>\n<\/tr>\n\n Revenues<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Costs of services (exclusive of depreciation and amortization)<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Selling, general and administrative expenses<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Depreciation and amortization<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Income from operations<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Interest expense, net<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Foreign currency gains (losses), net<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Income before provision for income taxes<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Provision for income taxes<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Net income<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Net income per share:<\/td>\n \n \n \n \n \n \n <\/tr>\n \n Basic<\/td>\n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n Diluted<\/td>\n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Weighted average number of shares outstanding:<\/td>\n \n \n \n \n \n \n <\/tr>\n \n Basic<\/td>\n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n Diluted<\/td>\n \n \n \n \n \n \n \n \n \n \n <\/tr>\n<\/table>\n \n
\n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n Fiscal Quarter Ended<\/b><\/td>\n<\/tr>\n \n \n April 4,
2026<\/b><\/td>\n\n As a % of
Revenue<\/b><\/td>\n\n March 29,
2025<\/b><\/td>\n\n As a % of
Revenue<\/b><\/td>\n<\/tr>\n\n Revenues<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Net income<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Adjustments needed to reconcile GAAP net income to non-GAAP net income:<\/td>\n \n \n \n \n \n \n <\/tr>\n \n Restructuring and other (1)(2)<\/sup><\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Foreign currency (gains) losses, net<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Tax effect on adjustments(1)<\/sup><\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Non-GAAP net income<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Non-GAAP net income per share:<\/td>\n \n \n \n \n \n \n <\/tr>\n \n Basic<\/td>\n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n Diluted<\/td>\n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Weighted average number of shares outstanding:<\/td>\n \n \n \n \n \n \n <\/tr>\n \n Basic<\/td>\n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n Diluted<\/td>\n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n <\/tr>\n \n (1) <\/sup>Fiscal quarter ended April 4, 2026 includes cash severance of $1.6 million and non-cash charges of $1.0 million associated with portfolio optimization actions.<\/td>\n<\/tr>\n \n (2) <\/sup>Fiscal quarter ended March 29, 2025 includes $1.2 million of restructuring charges, net of the reversal of $5.4 million of non-cash charges associated with a previously recorded performance award.<\/td>\n<\/tr>\n<\/table>\n \n
\n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n Fiscal Quarter Ended<\/b><\/td>\n<\/tr>\n \n \n April 4,
2026<\/b><\/td>\n\n As a % of
Revenue<\/b><\/td>\n\n March 29,
2025<\/b><\/td>\n\n As a % of
Revenue<\/b><\/td>\n<\/tr>\n\n Revenues<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Net income<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Adjustments needed to reconcile GAAP net income to non-GAAP net income:<\/td>\n \n \n \n \n \n \n <\/tr>\n \n Restructuring and other (1)(2)<\/sup><\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Foreign currency (gains) losses, net<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Tax effect on adjustments(1)<\/sup><\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Non-GAAP net income<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Adjustments needed to reconcile non-GAAP net income to non-GAAP EBITDA:<\/td>\n \n \n \n \n \n \n <\/tr>\n \n Interest expense, net<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Provision for income taxes<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Depreciation and amortization<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Non-GAAP EBITDA<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n (1) <\/sup>Fiscal quarter ended April 4, 2026 includes cash severance of $1.6 million and non-cash charges of $1.0 million associated with portfolio optimization actions.<\/td>\n<\/tr>\n \n (2) <\/sup>Fiscal quarter ended March 29, 2025 includes $1.2 million of restructuring charges, net of the reversal of $5.4 million of non-cash charges associated with a previously recorded performance award.<\/td>\n<\/tr>\n<\/table>\n \n
\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n CRA INTERNATIONAL, INC.<\/b><\/td>\n<\/tr>\n \n CONDENSED CONSOLIDATED BALANCE SHEETS<\/b><\/td>\n<\/tr>\n \n (IN THOUSANDS)<\/b><\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n April 4,
2026<\/b><\/td>\n\n January 3,
2026<\/b><\/td>\n<\/tr>\n\n Assets<\/b><\/td>\n \n \n <\/tr>\n \n Cash and cash equivalents<\/td>\n \n \n \n \n \n \n Accounts receivable and unbilled services, net<\/td>\n \n \n \n \n \n \n Other current assets<\/td>\n \n \n \n \n \n \n Total current assets<\/td>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Property and equipment, net<\/td>\n \n \n \n \n \n \n Goodwill and intangible assets, net<\/td>\n \n \n \n \n \n \n Right-of-use assets<\/td>\n \n \n \n \n \n \n Other assets<\/td>\n \n \n \n \n \n \n Total assets<\/td>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Liabilities and Shareholders\u2019 Equity<\/b><\/td>\n \n \n <\/tr>\n \n Accounts payable<\/td>\n \n \n \n \n \n \n Accrued expenses<\/td>\n \n \n \n \n \n \n Current portion of lease liabilities<\/td>\n \n \n \n \n \n \n Revolving line of credit<\/td>\n \n \n \n \n \n \n Other current liabilities<\/td>\n \n \n \n \n \n \n Total current liabilities<\/td>\n \n \n \n \n \n \n Non-current portion of lease liabilities<\/td>\n \n \n \n \n \n \n Other non-current liabilities<\/td>\n \n \n \n \n \n \n Total liabilities<\/td>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Total shareholders\u2019 equity<\/td>\n \n \n \n \n \n \n Total liabilities and shareholders\u2019 equity<\/td>\n \n \n \n \n \n \n
\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n CRA INTERNATIONAL, INC.<\/b><\/td>\n<\/tr>\n \n CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<\/b><\/td>\n<\/tr>\n \n (IN THOUSANDS)<\/b><\/td>\n<\/tr>\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n Fiscal Year-to-Date Period Ended<\/b><\/td>\n<\/tr>\n \n \n April 4,
2026<\/b><\/td>\n\n March 29,
2025<\/b><\/td>\n<\/tr>\n\n Operating activities:<\/td>\n \n \n <\/tr>\n \n Net income<\/td>\n \n \n \n \n \n \n \n \n Adjustments to reconcile net income to net cash used in operating activities:<\/td>\n \n \n <\/tr>\n \n Non-cash items, net<\/td>\n \n \n \n \n \n \n \n \n Accounts receivable and unbilled services<\/td>\n \n \n \n \n \n \n \n \n Working capital items, net<\/td>\n \n \n \n \n \n \n \n \n Net cash used in operating activities<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Investing activities:<\/td>\n \n \n <\/tr>\n \n Purchases of property and equipment, net<\/td>\n \n \n \n \n \n \n \n \n Net cash used in investing activities<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Financing activities:<\/td>\n \n \n <\/tr>\n \n Borrowings under revolving line of credit<\/td>\n \n \n \n \n \n \n \n \n Repayments under revolving line of credit<\/td>\n \n \n \n \n \n \n \n \n Tax withholding payments reimbursed by shares<\/td>\n \n \n \n \n \n \n \n \n Cash dividends and dividend equivalents paid<\/td>\n \n \n \n \n \n \n \n \n Repurchase of common stock<\/td>\n \n \n \n \n \n \n \n \n Net cash provided by financing activities<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Effect of foreign exchange rates on cash and cash equivalents<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Net increase (decrease) in cash and cash equivalents<\/td>\n \n \n \n \n \n \n \n \n Cash and cash equivalents at beginning of period<\/td>\n \n \n \n \n \n \n \n \n Cash and cash equivalents at end of period<\/td>\n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Noncash investing and financing activities:<\/b><\/td>\n \n \n <\/tr>\n \n Increase (decrease) in accounts payable and accrued expenses for property and equipment<\/td>\n \n \n \n \n \n \n \n \n Excise tax on share repurchases<\/td>\n \n \n \n \n \n \n \n \n Right-of-use assets obtained in exchange for lease obligations<\/td>\n \n \n \n \n \n \n \n \n Supplemental cash flow information:<\/b><\/td>\n \n \n <\/tr>\n \n Cash paid for taxes<\/td>\n \n \n \n \n \n \n \n \n Cash paid for interest<\/td>\n \n \n \n \n \n \n \n \n Cash paid for amounts included in operating lease liabilities<\/td>\n \n \n \n \n \n \n <\/tr>\n<\/table>\n <\/p>\n
\n
Charles River Associates
\n
investor@crai.com
\n<\/a>
617-425-3020<\/p>\n