Medpace Holdings (MEDP) Tops Q2 EPS by 32c, Revenues Beat; Offers FY20 EPS/Revenue Guidance

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Go back to Medpace Holdings (MEDP) Tops Q2 EPS by 32c, Revenues Beat; Offers FY20 EPS/Revenue Guidance

Medpace Holdings, Inc. Reports Second Quarter 2020 Results

July 27, 2020 4:15 PM EDT

Revenue of $205.0 million in the second quarter of 2020 decreased 4.3% from revenue of $214.1 million for the comparable prior-year period, representing a backlog conversion rate of 15.8%. Net new business awards were $254.1 million in the second quarter of 2020, representing a decrease of 9.0% from net new business awards of $279.2 million for the comparable prior-year period, which resulted in a net book-to-bill ratio of 1.24x. Second quarter of 2020 GAAP net income was $24.1 million, or $0.64 per diluted share, versus GAAP net income of $27.5 million, or $0.73 per diluted share, for the comparable prior-year period. Net income margin was 11.8% and 12.8%... More