Medpace Holdings (MEDP) Tops Q4 EPS by 10c, Revenues Beat; Offers FY20 EPS/Revenue Mid-Point Guidance Above Consensus
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Medpace Holdings, Inc. Reports Fourth Quarter and Full Year 2019 Results
February 24, 2020 4:15 PM ESTRevenue of $229.9 million in the fourth quarter of 2019 increased 19.7% from revenue of $192.1 million for the comparable prior-year period, representing a backlog conversion rate of 18.7%; Full year 2019 revenue of $861.0 million increased 22.2% from full year 2018. Net new business awards were $281.1 million in the fourth quarter of 2019, representing an increase of 21.6% from net new business awards of $231.2 million for the comparable prior-year period, which resulted in a net book-to-bill ratio of 1.22x; Full year 2019 net new business awards of $1,094.4 million increased 21.7% from the prior year. Fourth quarter of 2019 GAAP net income was $29.8 million, or... More
