Syneos Health, Inc. (SYNH) Tops Q3 EPS by 7c, Revenues In-Line; Lowers FY18 Revenue Guidance Below Consensus, Updates FY18 EPS Outlook

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Go back to Syneos Health, Inc. (SYNH) Tops Q3 EPS by 7c, Revenues In-Line; Lowers FY18 Revenue Guidance Below Consensus, Updates FY18 EPS Outlook

Syneos Health Reports Third Quarter 2018 Results

November 6, 2018 6:20 AM EST

Highlights

GAAP total revenue of $1.11 billion and $3.24 billion for the three and nine months ended September 30, 2018, respectively. Combined Company ASC 606 adjusted service revenue of $1.12 billion and $3.26 billion for the three and nine months ended September 30, 2018, respectively.Combined Company ASC 605 net new business awards of $920.2 million and $2.85 billion for the three and nine months ended September 30, 2018, representing book-to-bill ratios of 1.17x and 1.21x, respectively. Clinical Solutions segment net awards of $676.0 million and $2.08 billion for the three and nine months ended September 30, 2018, respectively, resulting in three-, nine-, and trailing twelve-month book-to-bill ratios of 1.24x, 1.27x,... More