Syneos Health, Inc. (SYNH) Tops Q2 EPS by 10c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus
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Syneos Health Reports Second Quarter 2020 Results
August 6, 2020 6:14 AM EDTHighlights
GAAP revenue of $1,013.4 million for the three months ended June 30, 2020, representing a decline of 13.1%, 13.3% on an adjusted basis, and 12.8% on a constant currency adjusted basis compared to the same period in 2019.Net new business awards of $1,360.9 million and $5,796.6 million for the three and twelve months ended June 30, 2020, representing book-to-bill ratios of 1.34x and 1.27x, respectively. Clinical Solutions segment net new business awards of $1,180.1 million and $4,567.1 million for the three and twelve months ended June 30, 2020, representing book-to-bill ratios of 1.58x and 1.35x, respectively. Clinical Solutions backlog growth of 14.8% compared to the same... More