Medpace Holdings (MEDP) Tops Q1 EPS by 5c, Revenues Beat; Offers FY19 Revenue Guidance Above Consensus, Affirms FY18 EPS Outlook
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Medpace Holdings, Inc. Reports First Quarter 2019 Results
April 29, 2019 4:15 PM EDTRevenue of $200.7 million in the first quarter of 2019 increased 23.1% from revenue of $163.1 million for the comparable prior-year period, representing a backlog conversion rate of 19.0%. Net new business awards were $248.7 million in the first quarter of 2019, representing an increase of 23.9% from net new business awards of $200.7 million for the comparable prior-year period, which resulted in a net book-to-bill ratio of 1.24x. First quarter of 2019 GAAP net income was $19.2 million, or $0.51 per diluted share, versus GAAP net income of $14.6 million, or $0.40 per diluted share, for the comparable prior-year period. Net income... More
