PPD, Inc. (PPD) Misses Q3 EPS by 2c, Revenues Beat; Offers 4Q & FY20 Revenue Guidance Above Consensus
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PPD Reports Third Quarter and Year to Date 2020 Results
October 27, 2020 4:05 PM EDTProvides Fourth Quarter and Full Year 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 third quarter ended September 30, 2020.
Highlights
Net authorizations of $1,200.3 million, representing 33.3% growth over third quarter 2019 and resulting in a net book-to-bill ratio of 1.35x on a historical basis Ending backlog of $7,890.4 million, representing 15.9% growth over third quarter 2019 on a historical basis Revenue of $1,233.8 million, representing growth of 20.5% over third quarter... More