PPD, Inc. (PPD) Tops Q2 EPS by 3c, Revenues Beat; Offers 3Q Revenue Guidance Above Consensus
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PPD Reports Second Quarter and Year to Date 2020 Results
August 4, 2020 4:05 PM EDTProvides Third Quarter Guidance for Revenue and Adjusted EBITDA
WILMINGTON, N.C.--(BUSINESS WIRE)-- PPD, Inc. (Nasdaq: PPD), a leading global contract research organization, today reported its financial results for the second quarter ended June 30, 2020.
Highlights
Net authorizations of $1,052.2 million, representing 12.4% growth over second quarter 2019 and resulting in a net book-to-bill ratio of 1.34x on a historical basis Ending backlog of $7,581.3 million, representing 13.3% growth over second quarter 2019 on a historical basis Revenue of $1,010.9 million, representing growth of 1.4% over second quarter... More