ICON plc (ICLR) Tops Q3 EPS by 4c; Reaffirms
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ICON Reports Third Quarter 2022 Results
November 2, 2022 4:15 PM EDTHighlights
Net business wins in the quarter of $2,351 million; a net book to bill of 1.21, and 1.24 on a trailing twelve month basis. Closing backlog of $20.2 billion, an increase of 1.3% on Q2 2022 or an increase of 9.0% on Q3 2021. Quarter 3 revenue of $1,942.4 million representing an increase of 3.9% on prior year adjusted revenue and 7.4% on a constant currency organic basis. YTD revenue of $5,779.4 million representing an increase of 60.6% on prior year adjusted revenue or 65.1% on a constant currency basis. Adjusted EBITDA of $379.6 million or 19.5% of revenue, a year on year increase of 16.9%.... More