CRAI News & Events

CRA International (CRAI) announced that an auction process will be conducted for FirstEnergy's (FE) Ohio subsidiaries - Ohio Edison Company, The Cleveland Electric Illuminating Company, and The Toledo Edison Company - to procure full requirements service for their Standard Service Offer customers. The auction process will lead up to the auction scheduled for Tuesday, June 9, 2026. The bidding process will use a descending-price clock auction format. The auction will be managed by the Auction Manager, CRA International, Inc. The auction is being conducted pursuant to approval from the Public Utilities Commission of Ohio. The Information Session for prospective bidders for the June auction is scheduled for Thursday, April 16, 2026. Instructions on how to join the Webinar session are available on the Auction Information Website. Part 1 Applications from prospective bidders will be accepted starting April 17, 2026, and are due no later than May 5, 2026. For successful Part 1 applicants, the submission window for the Part 2 Application process will begin on May 12, 2026.

On February 26, CRA's board of directors authorized a $55M expansion of the company's existing share repurchase program, in addition to the $10.9M currently remaining under the program.

Reports Q4 revenue $196.96M, consensus $190.54M. "For the eighth consecutive year, CRA established a new record for annual revenue," said Paul Maleh, CRA's President and Chief Executive Officer. "Strong top-line growth drove record profitability as net income, earnings per diluted share, and EBITDA each set a new annual high. For the fourth quarter, we continued to see strength across our portfolio of services as total revenue increased 11.6% year over year to $197.0 million. Four practices-Antitrust & Competition Economics, Energy, Forensic Services, and Labor & Employment-led the way, with each generating double-digit revenue growth, while our Life Sciences and Risk, Investigations & Analytics practices also expanded revenue year over year. Geographically, our North American and international operations both supported the quarter's revenue expansion, increasing 9.4% and 21.9%, respectively."