CRA International, Inc. (NASDAQ:CRAI) Q2 2023 Earnings Call Transcript

So we’re just seeing the growth throughout and the opportunities throughout the portfolio. I don’t foresee any kind of pop, but we do expect to continue the excellent performance that we’ve been able to share with our investors now for the last several quarters.

Marc Riddick: It’s great. Appreciate it. Thank you very much.

Paul Maleh: Thank you, Marc.

Operator: Our next question is from Andrew Nicholas with William Blair. Please proceed with your question.

Andrew Nicholas: Hi. Good morning. Appreciate you taking my question. I just wanted to ask – big picture on Antitrust? I think we’ve seen some new proposals on guidelines here in the U.S., some changes internationally as well. I’m just wondering how all these kind of moving parts impact the outlook for your business over a multiyear period, whether it’s on the M&A side or the non-M&A Antitrust side? Just would be interested in your thoughts there.

Paul Maleh: Sure. There’s been, as you’re alluding to, a change in terms of the overall guidelines of what the commissions will be looking at for mergers or antitrust enforcement here. How exactly that will play out and what will be the company response to those guidelines, whether it will increase or decrease mergers is quite frankly, is still to be seen. But I still take the position that complexity is good for professional services firms like CRA and all the uncertainty at exactly what these new standards mean in analysis, what they mean in terms of probability of getting deals through, should bode well for our industry as a whole and for CRA in particular.

Andrew Nicholas: That’s helpful. Thank you.

Paul Maleh: Okay. Thank you, Andrew.

Operator: We’ve reached the end of the question-and-answer session. I would now like to turn the call back over to Paul Maleh for closing comments.

Paul Maleh: Thanks, Rob, and again, thanks to everyone for joining us today. We appreciate your time and interest in CRA. We’ll be participating in meetings with investors in the coming days and months, and we look forward to updating you on our progress on our third quarter call. With that, that concludes today’s call. Thank you.

Operator: This concludes today’s conference. You may disconnect your lines at this time, and we thank you for your participation.