Syneos Health, Inc. (SYNH) Tops Q4 EPS by 13c, Offers FY19 Guidance
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Syneos Health Reports Fourth Quarter and Full Year 2018 Results
March 18, 2019 4:28 PM EDTHighlights
GAAP total revenue of $1.15 billion and $4.39 billion for the fourth quarter and year ended December 31, 2018, respectively. Adjusted service revenue under ASC 606 of $1.15 billion and $4.40 billion for the fourth quarter and year ended December 31, 2018, respectively.Net new business awards under ASC 605 of $3.89 billion for the year ended December 31, 2018, representing a twelve-month book-to-bill ratio of 1.22x. Clinical Solutions segment net awards of $2.75 billion for the year ended December 31, 2018, representing a twelve-month book-to-bill ratio of 1.25x and growth of 7.8% compared to the prior year.Commercial Solutions segment net awards of $1.14 billion for the year ended December 31,... More