PPD Reports Fourth Quarter and Full Year 2020 Results

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Go back to PPD Reports Fourth Quarter and Full Year 2020 Results

PPD, Inc. (PPD) Misses Q4 EPS by 1c, Revenues Beat; Offers 1Q & FY21 Revenues Guidance Above Consensus, Provides 1Q & FY21 EPS Outlook

February 23, 2021 4:28 PM EST

PPD, Inc. (NASDAQ: PPD) reported Q4 EPS of $0.35, $0.01 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.28 billion.

Highlights

Fourth quarter net authorizations of $1,297.6 million, representing 28.1% growth and resulting in a net book-to-bill ratio of 1.30x on a historical basisFull year net authorizations of $4,613.7 million, representing 20.5% growth and resulting in a net book-to-bill ratio of 1.32x on a historical basisEnding backlog of $8,187.9 million, an increase of 15.9% over the prior year-end on a historical basisFourth quarter and full year revenue of $1,364.3... More