Medpace Holdings (MEDP) Tops Q1 EPS by 11c
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Medpace Holdings, Inc. Reports First Quarter 2018 Results
April 30, 2018 4:15 PM EDTRevenue was $163.1 million in the first quarter of 2018. (Under ASC 605, net service revenue of $108.4 million increased 15.6% from net service revenue of $93.8 million for the comparable prior-year period, representing a backlog conversion rate of 20.7%.) Under ASC 605, net new business awards were $128.2 million in the first quarter, representing an increase of 36.6% from net new business awards of $93.9 million for the comparable prior-year period, which resulted in a net book-to-bill ratio of 1.18x. GAAP net income was $14.6 million, or $0.40 per diluted share, and net income margin was 8.9% in the first... More
