CRA International (CRAI) Q2 2026 Earnings Call Transcript

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DATE

Thursday, Aug. 6, 2026 astatine 10:00 a.m. ET

CALL PARTICIPANTS

• President and Chief Executive Officer - Paul Maleh

• Chief Financial Officer - Eric Nierenberg

• Chief Corporate Development Officer - Chad Holmes

Full Conference Call Transcript

Operator: Good day, everyone, and invited to Charles River Associates' Second Quarter 2026 Conference Call. Please enactment that today's telephone is being recorded. The company's net merchandise and prepared CFO remarks are posted connected the Investor Relations conception of CRA's website astatine crai.com. With america contiguous are CRA's President and Chief Executive Officer, Paul Maleh; Chief Financial Officer, Eric Nierenberg; and Chief Corporate Development Officer, Chad Holmes. At this time, I'd similar to crook the telephone implicit to Dr. Nierenberg for opening remarks. Eric, delight spell ahead.

Eric Nierenberg: Thank you, Rob, and bully morning, everyone. Please enactment that the statements made during this league call, including guidance connected aboriginal gross and non-GAAP EBITDA margin, and immoderate different statements concerning the aboriginal business, operating results oregon fiscal information of CRA, including those statements utilizing the presumption expect, outlook oregon akin presumption are forward-looking statements arsenic defined successful Section 21 of the Exchange Act. Information contained successful these forward-looking statements is based connected management's existent expectations and is inherently uncertain. Actual show and results whitethorn disagree materially from those expressed oregon implied successful these statements owed to galore important factors, including the level of request for our services arsenic a effect of changes successful wide and industry-specific economical conditions.

Additional accusation regarding these factors is included successful today's merchandise and successful CRA's periodic reports, including our astir precocious filed Annual Report connected Form 10-K and quarterly reports connected Form 10-Q filed with the SEC. CRA undertakes nary work to update these forward-looking statements aft the day of this telephone to bespeak caller accusation oregon developments. Additionally, we volition notation to immoderate non-GAAP fiscal measures and definite measures presented connected a changeless currency ground connected this call. Everyone is encouraged to notation to today's merchandise and related CFO remarks for reconciliations of these non-GAAP fiscal measures to their GAAP comparable measures and descriptions of the calculation of EBITDA and measures presented connected a changeless currency basis.

I volition present crook it implicit to Paul for his report. Paul?

Paul Maleh: Thanks, Eric, and bully morning, everyone. Thank you for joining america today. Building connected 8 consecutive years of grounds yearly gross and a best-ever archetypal 4th to commencement fiscal 2026, we delivered gross of $210.8 cardinal successful the 2nd quarter. This represents year-over-year maturation of 12.8% and the highest quarterly gross successful CRA's history. Broad-based contributions erstwhile again characterized CRA's fiscal performance, reflecting some the prime and the extent of the portfolio. Eight practices grew year-over-year, representing 95% of the company's full gross for the 2nd quarter. Six practices: Energy, Finance, Forensic Services, Intellectual Property, Life Sciences and Risk, Investigations & Analytics posted double-digit gross growth, portion the Antitrust & Competition Economics signifier established a caller precocious for quarterly revenue.