CRA International Inc

Third Avenue's Q2 2026 letter lists CRA International as a newly added holding, citing its leading economic, financial and management consulting expertise, particularly in legal and M&A matters. CRA shares closed at $161.97 on September 21, 2026, are down about 22% over the past year and have a market cap near $1.02 billion. The fund said CRA's senior experts and client franchise provide downside protection and attractive upside in the small‑cap value opportunity set. » More on finance.yahoo.com

CRA International reported Q2 revenue of $210.8 million, up 12.8% year-over-year, the highest quarterly revenue in the firm's history, with non-GAAP net income, EPS and EBITDA increasing year-over-year. Broad-based growth included double-digit gains in six practices and strong international contribution; consultant headcount rose 3.3% and utilization reached 77%. Management raised full-year 2026 constant-currency revenue guidance to $805 million–$820 million and reiterated a non-GAAP EBITDA margin target of 12.0%–13.0%. The company returned capital via $27.8 million of share repurchases and dividends, ended the quarter with $21.4 million of cash and expanded its credit facility to a $400 million aggregate commitment. » More on finance.yahoo.com

CRA International reported record revenue of $201 million in the first fiscal quarter of 2026 (+11%), with non-GAAP earnings per share of $1.99, missing analysts’ expectation of $2.06 and sending the stock down 8.86%. Non-GAAP EBITDA was $23.2 million (11.5% margin), below the historical average, weighed down by increased non-cash impairments on forgivable loans. International business showed strong growth (Europe >20%). Management reaffirmed the full-year revenue guidance of $785–805 million, target EBITDA margins of 12–13%, and plans for continued share buybacks and dividends. » More on de.investing.com

Shares of CRA International fell to a 52-week low of $149.96 and are down 7.38% over 12 months; year-to-date the loss is 23% and over six months 17%. An analysis by InvestingPro classifies the stock as undervalued based on a fair-value assessment and cites a P/E (KGV) of 18.56. Charles River Associates reported record revenues for FY2025, narrowly missed the EPS forecast and announced Christine Detrick as the new independent lead director; the change is to take effect at the annual general meeting on July 16, 2026. » More on de.investing.com

CRA International posted revenue of $752m in fiscal 2025 (+9%), with a non-GAAP EBITDA margin of 12.9% and an 8% increase in EPS. The consulting firm returned $61m to shareholders ($47m buybacks, $14m dividends), has no long-term debt and an operating cash conversion of 112%. Management highlights market-share gains in legal and regulatory work, disciplined capital management, and sees AI as both a demand driver and a productivity lever. For 2026 CRA forecasts revenue of $785–805m and a non-GAAP EBITDA margin of 12.0–13.0%. » More on de.investing.com