ICON plc (ICLR) Tops Q1 EPS by 2c, Updates Guidance
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ICON Reports First Quarter 2018 Results
May 2, 2018 4:15 PM EDTHighlights
Excluding the impact of ASC 606, net business wins in the quarter were $590 million; a book to bill of 1.28. Excluding the impact of ASC 606, closing backlog of $5,053 million, an increase of 17.2% year on year. Quarter 1 reported revenue of $620.1 million. Excluding the impact of ASC 606, quarter 1 revenue was $462.6 million, representing a 7.1% increase year on year. Reported income from operations was $91.7 million, or 14.8% of revenue. Excluding the impact of ASC 606 income from operations was $92.8 million or 20.1% of revenue. Reported earnings per... More