Medpace Holdings (MEDP) Tops Q2 EPS by 7c, Offers Guidance

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Go back to Medpace Holdings (MEDP) Tops Q2 EPS by 7c, Offers Guidance

Medpace Holdings, Inc. Reports Second Quarter 2021 Results

July 26, 2021 4:15 PM EDT

Revenue of $278.3 million in the second quarter of 2021 increased 35.8% from revenue of $205.0 million for the comparable prior-year period, representing a backlog conversion rate of 17.1%. Net new business awards were $387.6 million in the second quarter of 2021, representing an increase of 52.5% from net new business awards of $254.1 million for the comparable prior-year period, which resulted in a net book-to-bill ratio of 1.39x. Second quarter of 2021 GAAP net income was $39.9 million, or $1.06 per diluted share, versus GAAP net income of $24.1 million, or $0.64 per diluted share, for the comparable prior-year period. Net income margin was 14.3% and 11.8%... More