Medpace Holdings (MEDP) Tops Q3 EPS by 2c, Offers Guidance
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Medpace Holdings, Inc. Reports Third Quarter 2020 Results
October 26, 2020 4:15 PM EDTRevenue of $230.4 million in the third quarter of 2020 increased 6.5% from revenue of $216.2 million for the comparable prior-year period, representing a backlog conversion rate of 17.2%. Net new business awards were $315.4 million in the third quarter of 2020, representing an increase of 10.5% from net new business awards of $285.4 million for the comparable prior-year period, which resulted in a net book-to-bill ratio of 1.37x. Third quarter of 2020 GAAP net income was $41.5 million, or $1.09 per diluted share, versus GAAP net income of $24.0 million, or $0.63 per diluted share, for the comparable... More
