ICON plc (ICLR) Tops Q1 EPS by 3c, Revenues Beat; Raises FY19 EPS/Revenue Mid-Point Guidance Below Consensus

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Go back to ICON plc (ICLR) Tops Q1 EPS by 3c, Revenues Beat; Raises FY19 EPS/Revenue Mid-Point Guidance Below Consensus

ICON Reports First Quarter 2019 Results

May 1, 2019 4:15 PM EDT

Highlights

Net business wins (including pass-through) in the quarter of $885 million; a book to bill of 1.31. Closing backlog (including pass-through) of $7.9 billion, a year on year increase of 10.5%. Quarter 1 reported revenue of $675 million. This represents a year on year increase of 8.8% or 11.1% on a constant currency basis. Reported income from operations was $102 million, or 15.1% of revenue. This represents an increase of 11.1% over Q1 2018. Reported earnings per share of $1.63, an increase of 14.8% over Q1 2018.... More