Medpace Holdings, Inc. Reports Fourth Quarter and Full Year 2019 Results
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Medpace Holdings (MEDP) Tops Q4 EPS by 10c, Revenues Beat; Offers FY20 EPS/Revenue Mid-Point Guidance Above Consensus
February 24, 2020 4:30 PM ESTMedpace Holdings (NASDAQ: MEDP) reported Q4 EPS of $0.85, $0.10 better than the analyst estimate of $0.75. Revenue for the quarter came in at $229.9 million versus the consensus estimate of $221.73 million.
Revenue of $229.9 million in the fourth quarter of 2019 increased 19.7% from revenue of $192.1 million for the comparable prior-year period, representing a backlog conversion rate of 18.7%; Full year 2019 revenue of $861.0 million increased 22.2% from full year 2018.Net new business awards were $281.1 million in the fourth quarter of 2019, representing an increase of 21.6% from net new business awards of $231.2 million for the comparable prior-year period, which... More