Medpace Holdings (MEDP) Tops Q4 EPS by 8c, FY EPS Guidance Misses

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Go back to Medpace Holdings (MEDP) Tops Q4 EPS by 8c, FY EPS Guidance Misses

Medpace Holdings, Inc. Reports Fourth Quarter and Full Year 2018 Results

February 25, 2019 4:15 PM EST

Revenue was $192.1 million for the fourth quarter of 2018 and $704.6 million for the full year 2018. (Under ASC 605, fourth quarter 2018 net service revenue of $127.9 million increased 28.6% from the comparable prior-year period, representing a backlog conversion rate of 21.0%; Full year 2018 net service revenue of $478.1 million increased 23.7% from full year 2017.) Net new business awards were $231.2 million in the fourth quarter of 2018 and $899.4 million in the full year 2018. (Under ASC 605, net new business awards were $146.7 million in the fourth quarter, representing an increase of 27.9% from the comparable prior-year period, which resulted in a net... More