Medpace Holdings (MEDP) Tops Q1 EPS by 14c
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Medpace Holdings, Inc. Reports First Quarter 2021 Results
April 26, 2021 4:15 PM EDTRevenue of $260.0 million in the first quarter of 2021 increased 12.6% from revenue of $230.9 million for the comparable prior-year period, representing a backlog conversion rate of 16.9%. Net new business awards were $356.2 million in the first quarter of 2021, representing an increase of 44.2% from net new business awards of $246.9 million for the comparable prior-year period, which resulted in a net book-to-bill ratio of 1.37x. First quarter of 2021 GAAP net income was $43.3 million, or $1.14 per diluted share, versus GAAP net income of $29.0 million, or $0.76 per diluted share, for the comparable prior-year period. Net income margin was 16.7% and 12.5%... More
