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BOSTON - Charles River Associates (NASDAQ: CRAI), a global consulting firm with a market capitalization of $1.2 billion and impressive revenue growth of 10.2% over the last twelve months, has promoted eight new vice presidents across various practices, reflecting the firm’s commitment to recognizing internal talent and expertise. According to InvestingPro data, the company maintains strong financial health with a solid gross profit margin of 30.2%. The promotions were announced earlier today, highlighting the individuals’ contributions to the company and their respective fields.
The new vice presidents include Jonathan Blumenstein in the Labor & Employment Practice, Sandra Chan in the Antitrust & Competition Economics Practice, Martino De Stefano in the Antitrust & Competition Economics Practice, Matteo Foschi in the Antitrust & Competition Economics Practice, Adam Gailey in the Financial Economics Practice, Adam Hart in the Forensic Services Practice, Zawadi Lemayian in the Finance Practice, and Alex Stricker in the Financial Economics Practice.
President and CEO of CRA, Paul Maleh, expressed his appreciation for the promoted employees, stating, "I am grateful for their many contributions to the firm, their service to clients, and their leadership." He emphasized their role in addressing complex challenges for CRA’s clients. The company’s strong leadership approach has contributed to its consistent performance, with InvestingPro analysis showing nine consecutive years of dividend increases and a healthy return on equity of 22%.
The promoted individuals bring a variety of expertise to their new roles. Jonathan Blumenstein is known for his work in wage and hour litigation and healthcare payment disputes. Sandra Chan has managed large-scale projects in healthcare M&A and antitrust litigation. Martino De Stefano’s experience includes industrial organization and econometrics across various industries.
Matteo Foschi is an expert in global merger reviews, particularly in multi-sided platforms and technology sectors. Adam Gailey has worked on DOJ and CFPB investigations and class-action lawsuits, focusing on financial services litigation. Adam Hart is an expert witness in cybercrime and data breach investigations, while Zawadi Lemayian provides testimony on finance and accounting topics. Alex Stricker specializes in consumer financial data analysis and compliance with finance laws and regulations.
Charles River Associates, founded in 1965 and headquartered in Boston, specializes in economic, financial, and management consulting services. The firm assists clients with litigation and regulatory proceedings and advises on business strategy and performance issues. Based on current InvestingPro Fair Value analysis, the stock appears to be trading near its fair value, with analysts projecting continued profitability for the year ahead. The company maintains a moderate debt level and has demonstrated strong returns over the past decade. This announcement is based on a press release statement from Charles River Associates.For deeper insights into CRA’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which covers over 1,400 US stocks with detailed analysis and actionable intelligence.
In other recent news, Charles River Associates (CRA) reported outstanding financial results for the fourth quarter of 2024, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $2.03, significantly beating the forecasted $1.62, while revenue reached $176.4 million, exceeding the anticipated $166.87 million. This marks the highest quarterly revenue in the company’s history, contributing to a seventh consecutive year of record annual revenue. CRA has also provided an optimistic revenue guidance for fiscal year 2025, estimating between $715 million and $735 million. In a leadership update, the company’s Chief Financial Officer, Daniel Mahoney, will step down in April 2025, with Chad Holmes taking over as interim CFO. Holmes, who has a long history with CRA, previously served as CFO and Treasurer. Additionally, CRA’s legal and regulatory services saw a notable 12% growth year-over-year, highlighting the firm’s strong operational execution. The company continues to focus on aligning headcount growth with revenue expansion, particularly in its life sciences and management consulting practices.
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