Medpace Holdings (MEDP) Tops Q1 EPS by 44c
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Medpace Holdings, Inc. Reports First Quarter 2022 Results
April 25, 2022 4:15 PM EDTRevenue of $330.9 million in the first quarter of 2022 increased 27.3% from revenue of $260.0 million for the comparable prior-year period, representing a backlog conversion rate of 16.6%. Net new business awards were $423.0 million in the first quarter of 2022, representing an increase of 18.8% from net new business awards of $356.2 million for the comparable prior-year period, which resulted in a net book-to-bill ratio of 1.28x. First quarter of 2022 GAAP net income was $61.3 million, or $1.69 per diluted share, versus GAAP net income of $43.3 million, or $1.14 per diluted share, for the comparable prior-year period. Net income margin was 18.5% and 16.7%... More
