Medpace Holdings (MEDP) Tops Q3 EPS by 5c

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Go back to Medpace Holdings (MEDP) Tops Q3 EPS by 5c

Medpace Holdings, Inc. Reports Third Quarter 2018 Results

October 29, 2018 4:15 PM EDT

Revenue was $179.3 million in the third quarter of 2018. (Under ASC 605, net service revenue of $124.0 million increased 25.6% from net service revenue of $98.7 million for the comparable prior-year period, representing a backlog conversion rate of 21.2%.) Net new business awards were $227.6 million in the third quarter. (Under ASC 605, net new business awards were $150.1 million in the third quarter, representing an increase of 33.9% from net new business awards of $112.1 million for the comparable prior-year period, which resulted in a net book-to-bill ratio of 1.21x.) GAAP net income was... More