CRA International, Inc. (CRAI) Bundle
A Brief History of CRA International, Inc. (CRAI)
Foundation and Early Years
CRA International, Inc. was founded in 1965, initially under the name Charles River Associates. The firm began as a consulting company focused on economic and financial consulting.
Growth and Diversification
In 2006, CRA expanded its portfolio by acquiring various companies, including Economics, Inc. and United BioSource Corporation, which significantly diversified its services in economic and healthcare consulting.
Initial Public Offering
CRA went public in 2006. The IPO raised approximately $69 million at a price of $16 per share.
Recent Financial Performance
As of 2022, CRA reported revenues of $286 million. The company demonstrated consistent revenue growth, with a compound annual growth rate (CAGR) of approximately 5.5% over the past five years.
Key Markets and Services
- Economic Consulting
- Health Economics
- Regulatory and Litigation Consulting
- Management Consulting
Employee Statistics
CRA employs over 1,000 professionals globally, with a significant portion holding advanced degrees in economics, finance, and healthcare.
Global Presence
The company operates in over 20 countries worldwide, with offices in key locations such as Boston, New York, London, and Singapore.
Recent Acquisitions
In the past two years, CRA has made significant acquisitions to bolster its capabilities. In 2021, it acquired Altarum, enhancing its healthcare consulting practice.
Stock Performance
| Year | Stock Price (Start) | Stock Price (End) | Annual Return (%) |
|---|---|---|---|
| 2021 | $43.50 | $50.10 | 15.9 |
| 2022 | $50.10 | $46.25 | -7.5 |
| 2023 (as of Q3) | $46.25 | $55.60 | 20.2 |
Client Base and Projects
CRA serves a diverse clientele, including government agencies, law firms, and Fortune 500 companies. In 2022, the firm completed over 500 consulting projects across various sectors.
Future Outlook
CRA continues to expand its services, particularly in data analytics and digital transformation, with anticipated growth in revenues of approximately 6-8% annually over the next five years.
A Who Owns CRA International, Inc. (CRAI)
Ownership Structure
Ownership Structure
CRA International, Inc. (CRAI) is a publicly traded company listed on the NASDAQ under the ticker symbol CRAI. As of October 2023, the ownership structure consists of various institutional and individual shareholders. The latest data indicates that the company's shares are distributed amongst the following major stakeholders:
| Shareholder Type | Percentage Ownership | Total Shares Owned |
|---|---|---|
| Institutional Investors | 85.4% | 3,192,000 shares |
| Insider Ownership | 5.2% | 200,000 shares |
| Retail Investors | 9.4% | 350,000 shares |
Major Institutional Shareholders
The ownership of CRAI is significantly influenced by its major institutional shareholders. The following table details the largest institutional stakeholders as of the most recent filings:
| Institution | Shares Owned | Percentage Ownership |
|---|---|---|
| BlackRock, Inc. | 1,200,000 | 31.25% |
| The Vanguard Group, Inc. | 900,000 | 23.44% |
| Dimensional Fund Advisors LP | 600,000 | 15.62% |
| American Century Companies, Inc. | 400,000 | 10.42% |
| Wellington Management Company, LLP | 300,000 | 7.81% |
Insider Ownership Details
The company's insiders also hold a notable portion of the shares. The following table outlines the key executive ownership:
| Name | Position | Shares Owned |
|---|---|---|
| Dr. James L. H. P. Hult | CEO | 100,000 |
| Dr. Richard H. G. O. H. P. R. Harrison | COO | 50,000 |
| Ms. Angela L. C. Shaw | CFO | 30,000 |
Market Capitalization and Financial Performance
As of the latest trading date in October 2023, CRA International, Inc. boasts a market capitalization of approximately $450 million. The company’s revenue for the fiscal year ending 2022 was reported as $270 million, with a net income of $30 million.
Share Price Performance
The stock price of CRAI has shown fluctuations in recent months. Here are the latest share price metrics:
| Date | Closing Price | 52-Week High | 52-Week Low |
|---|---|---|---|
| October 1, 2023 | $30.50 | $35.00 | $25.00 |
| September 1, 2023 | $29.00 | $35.00 | $25.00 |
| August 1, 2023 | $28.00 | $35.00 | $24.50 |
Conclusion on Ownership Insights
CRA International, Inc. is primarily owned by institutional investors and executives. The significant institutional ownership suggests a robust interest from large financial entities, while substantial insider holdings reflect confidence in the company’s future prospects.
CRA International, Inc. (CRAI) Mission Statement
Overview of CRA International, Inc.
Founded in 1947, CRA International, Inc. (CRAI) is a global consulting firm specializing in economic, financial, and strategic consulting services. The company operates in various sectors, including energy, healthcare, and finance, providing expert analysis and strategic insights.
Mission Statement
The mission of CRA International, Inc. is to deliver innovative solutions and provide strategic insights that empower clients to navigate complex business challenges. They focus on enhancing clients' performance through a commitment to rigorous analysis and deep domain expertise.
Core Values
- Integrity: Adherence to the highest ethical standards in all dealings.
- Client Focus: Prioritizing the needs and goals of clients.
- Excellence: Striving for the highest quality in services and outcomes.
- Collaboration: Working together to leverage diverse perspectives and skills.
- Innovation: Encouraging creativity and continuous improvement.
Financial Performance
As of 2022, CRA International, Inc. reported revenues of approximately $442 million. The company has shown consistent growth with a compound annual growth rate (CAGR) of about 8% over the past five years.
| Year | Revenue (in millions) | Net Income (in millions) | Employees |
|---|---|---|---|
| 2022 | $442 | $42 | 1,200 |
| 2021 | $410 | $38 | 1,150 |
| 2020 | $390 | $35 | 1,100 |
| 2019 | $378 | $34 | 1,050 |
| 2018 | $365 | $30 | 1,000 |
Service Offerings
CRA International provides a range of services including:
- Economic Consulting: Advanced economic analysis and expert testimony.
- Financial Consulting: Valuation, damages, and litigation support.
- Management Consulting: Strategy development and implementation support.
- Market Analysis: Assessing market trends and competitive landscapes.
- Data Analytics: Leveraging data to drive decision-making.
Client Sectors
CRA International serves a diverse array of industries, including:
- Healthcare
- Energy
- Financial Services
- Telecommunications
- Manufacturing
Global Presence
CRA International operates in multiple countries, with offices located in:
- North America
- Europe
- Asia-Pacific
Recent Developments
In 2023, CRA International announced an acquisition aimed at expanding its services in the healthcare sector, reinforcing its commitment to providing specialized consulting services.
Commitment to Sustainability
The company is devoted to sustainable business practices and has set targets to reduce its carbon footprint by 25% by 2025.
How CRA International, Inc. (CRAI) Works
Business Model
CRA International, Inc. (CRAI) operates primarily in the consulting sector, offering a range of services that include economic, financial, and management consulting. Their business model is centered around providing expert analysis and robust solutions tailored to client needs across various industries such as healthcare, energy, and finance.
Revenue Breakdown
The company generates revenue through a combination of project-based work and retainer agreements. For the fiscal year ending December 31, 2022, CRAI reported total revenue of **$604.6 million**.
| Revenue Source | Amount (in millions) |
|---|---|
| Consulting Services | $558.9 |
| Litigation Support | $45.7 |
| Other Services | $0.0 |
Client Base
CRA International serves a diverse client base, including corporations, law firms, and government agencies. Key sectors include:
- Healthcare
- Energy
- Financial Services
- Telecommunications
- Transportation
Employee Structure
As of 2022, CRAI has approximately **850 employees**. The workforce includes consultants, economists, data analysts, and project managers. The company emphasizes a high level of employee expertise, with a significant portion holding advanced degrees.
Financial Performance
For the fiscal year ending December 31, 2022, CRAI reported the following key financial metrics:
| Financial Metric | Amount |
|---|---|
| Net Income | $42.2 million |
| EBITDA | $64.9 million |
| Earnings Per Share (EPS) | $3.67 |
| Total Assets | $369.5 million |
| Total Liabilities | $127.4 million |
Market Position
CRA International is positioned as a leading firm in the consulting space, competing with other prominent firms. According to market analysis in 2022, CRAI held approximately **1.2%** of the global management consulting market share.
Recent Initiatives
Recently, CRAI has focused on enhancing its capabilities in data analytics and artificial intelligence. Investments in technology amounted to **$5 million** in 2022, aimed at improving service delivery and client engagement.
Geographic Presence
CRA International operates in multiple regions, with an emphasis on North America, Europe, and Asia. The distribution of revenue by geographic segment for 2022 includes:
| Geographic Segment | Revenue (in millions) |
|---|---|
| North America | $450.0 |
| Europe | $120.0 |
| Asia | $34.6 |
Competitive Advantage
CRA International's competitive advantage lies in its strong reputation for rigorous analysis and tailored solutions, as well as its diverse expertise across industries, enabling it to respond effectively to complex client challenges.
How CRA International, Inc. (CRAI) Makes Money
Consulting Services
CRA International, Inc. generates a significant portion of its revenue through its consulting services, which encompass a wide range of sectors including litigation support, regulatory compliance, and economic and financial consulting. In 2022, consulting services accounted for approximately $319.2 million, representing about 90% of the company's total revenue.
Industry Focus
The company focuses on various industries, including:
- Healthcare
- Energy
- Financial Services
- Telecommunications
- Transportation
- Consumer Products
Each of these sectors contributes uniquely to CRA's revenue stream, with healthcare consulting being one of the fastest-growing areas.
Economic and Financial Consulting
CRA's economic and financial consulting services help clients navigate complex economic issues. In 2022, this segment generated $120 million, which included expert witness testimony, economic analysis, and damage calculations.
Litigation Support
The litigation support division is a cornerstone of CRA’s business model, earning $100 million in 2022. This includes providing expert testimony and analysis for legal cases.
Regulatory Services
CRA also provides advisory services related to regulatory compliance, which contributed an estimated $50 million to revenue in 2022. This service includes consultations concerning antitrust issues, market access, and pricing regulations.
Global Reach and Client Base
CRA operates across various regions, serving over 2,000 clients worldwide, including many Fortune 500 companies. The diverse client base allows for multiple revenue channels, particularly in sectors such as finance and technology.
Table of Revenue Breakdown by Segment
| Revenue Segment | 2022 Revenue (in millions) | Percentage of Total Revenue |
|---|---|---|
| Consulting Services | $319.2 | 90% |
| Economic and Financial Consulting | $120 | 33% |
| Litigation Support | $100 | 28% |
| Regulatory Services | $50 | 14% |
| Other Services | $49.2 | 13% |
Billing Model
CRA employs a mix of billing models, including hourly rates, retainer agreements, and fixed-fee contracts. The average hourly billing rate for consultants ranges from $300 to $600 depending on the expertise required.
Investment in Talent
CRA invests heavily in attracting top talent, which includes industry experts and Ph.D. economists. In 2022, total compensation expenses reached $150 million, accounting for approximately 42% of total operating expenses.
Market Trends
The consulting market continues to grow, with an expected CAGR of 5.5% through 2025. CRA's strategic positioning within this sector is set to capitalize on emerging trends in technology and data analytics.
Financial Performance Indicators
CRA reported a net income of $25.8 million for 2022, resulting in a net profit margin of approximately 7.2%. The company’s total assets as of December 31, 2022, were valued at $280 million.
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