Medpace Holdings (MEDP) Tops Q4 EPS by 7c
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Medpace Holdings, Inc. Reports Fourth Quarter and Full Year 2021 Results
February 14, 2022 4:15 PM ESTRevenue of $308.6 million in the fourth quarter of 2021 increased 18.8% from revenue of $259.7 million for the comparable prior-year period, representing a backlog conversion rate of 16.7%; Full year 2021 revenue of $1,142.4 million increased 23.4% from full year 2020. Net new business awards were $458.7 million in the fourth quarter of 2021, representing an increase of 27.9% from net new business awards of $358.6 million for the comparable prior-year period, which resulted in a net book-to-bill ratio of 1.49x; Full year 2021 net new business awards of $1,610.4 million increased 37.1% from the prior year. Fourth quarter of 2021 GAAP net income was $50.0 million, or... More
