Medpace Holdings (MEDP) Tops Q1 EPS by 45c, Offers Guidance

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Go back to Medpace Holdings (MEDP) Tops Q1 EPS by 45c, Offers Guidance

Medpace Holdings, Inc. Reports First Quarter 2023 Results

April 24, 2023 4:15 PM EDT

Revenue of $434.1 million in the first quarter of 2023 increased 31.2% from revenue of $330.9 million for the comparable prior-year period, representing a backlog conversion rate of 18.6%. Net new business awards were $555.8 million in the first quarter of 2023, representing an increase of 31.4% from net new business awards of $423.0 million for the comparable prior-year period, which resulted in a net book-to-bill ratio of 1.28x. First quarter of 2023 GAAP net income was $72.9 million, or $2.27 per diluted share, versus GAAP net income of $61.3 million, or $1.69 per diluted share, for the comparable prior-year period. Net income margin was 16.8% and 18.5%... More