Syneos Health, Inc. (SYNH) Tops Q3 EPS by 14c, Offers FY20 and FY21 Guidance

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Go back to Syneos Health, Inc. (SYNH) Tops Q3 EPS by 14c, Offers FY20 and FY21 Guidance

Syneos Health Reports Third Quarter 2020 Results

October 29, 2020 6:13 AM EDT

Highlights

Announced agreement to acquire Synteract, a mid-sized, full-service CRO focused on the fast growing emerging biopharma sector.GAAP revenue of $1,099.0 million for the three months ended September 30, 2020, representing a sequential increase of 8.4% compared to the three months ended June 30, 2020.Net new business awards of $1,206.3 million and $5,892.1 million for the three and twelve months ended September 30, 2020, representing book-to-bill ratios of 1.10x and 1.31x, respectively. Clinical Solutions segment net new business awards of $995.0 million and $4,711.3 million for the three and twelve... More