Medpace Holdings, Inc. Reports First Quarter 2020 Results
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Medpace Holdings (MEDP) Tops Q1 EPS by 1c, Revenues Beat; Withdraws Financial Guidance
April 28, 2020 4:26 PM EDTMedpace Holdings (NASDAQ: MEDP) reported Q1 EPS of $0.76, $0.01 better than the analyst estimate of $0.75. Revenue for the quarter came in at $230.9 million versus the consensus estimate of $225.98 million.
Revenue of $230.9 million in the first quarter of 2020 increased 15.0% from revenue of $200.7 million for the comparable prior-year period, representing a backlog conversion rate of 18.0%.Net new business awards were $246.9 million in the first quarter of 2020, representing a decrease of 0.7% from net new business awards of $248.7 million for the comparable prior-year period, which resulted in a net book-to-bill ratio of 1.07x.First quarter... More