Medpace Holdings (MEDP) Tops Q1 EPS by 1c, Revenues Beat; Withdraws Financial Guidance
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Medpace Holdings, Inc. Reports First Quarter 2020 Results
April 28, 2020 4:15 PM EDTRevenue of $230.9 million in the first quarter of 2020 increased 15.0% from revenue of $200.7 million for the comparable prior-year period, representing a backlog conversion rate of 18.0%. Net new business awards were $246.9 million in the first quarter of 2020, representing a decrease of 0.7% from net new business awards of $248.7 million for the comparable prior-year period, which resulted in a net book-to-bill ratio of 1.07x. First quarter of 2020 GAAP net income was $29.0 million, or $0.76 per diluted share, versus GAAP net income of $19.2 million, or $0.51 per diluted share, for the comparable prior-year period. Net income margin was 12.5% and 9.6%... More
