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  • Yesterday

      Show headlines and story abstract
    • 12 hours ago by MT Newswires
      Companies Mentioned: ICLR
      04:55 PM EDT, 04/24/2024 (MT Newswires) -- ICON (ICLR) reported Q1 adjusted diluted earnings Wednesday of $3.47 per share, up from $2.90 a year earlier. Analysts polled by Capital IQ expected $3.41. Revenue in the quarter ended March 31 was $2.09 b...
    • 13 hours ago by MT Newswires
      Companies Mentioned: ICLR
      04:16 PM EDT, 04/24/2024 (MT Newswires) -- ...
    • 13 hours ago by Dow Jones
      Companies Mentioned: ICLR

      ICON Reports First Quarter 2024 Results

      Highlights
      -- Net business wins in the quarter of $2,654 million; a net book to bill of 1.27, an increase of 9.9% on quarter one 2023. -- Closing backlog of $23.4 billion, an increase of 2.5% on quarter four 2023 and 10.1% on quarter one 2023. -- Quarter one revenue of $2,090.4 million representing an increase of 5.7% on prior year revenue and 5.4% on a constant currency basis. -- Quarter one adjusted EBITDA of $444.0 million or 21.2% of revenue, an increase of 11.3% on quarter one 2023. -- GAAP net income for the quarter of $187.4 million or $2.25 per diluted share, an increase of 59.6% on quarter one 2023 diluted earnings per share. -- Quarter one adjusted net income was $288.5 million or $3.47 per diluted share, an increase of 19.7% on quarter one 2023 adjusted diluted earnings per share. -- Days sales outstanding of 49 days at March 31, 2024, a decrease from 54 days at March 31, 2023, and an increase from 47 days at December 31, 2023. -- $275.0 million repayment made on Term Loan B debt in quarter one. Net debt balance of $3.1 billion at March 31, 2024 with net debt to adjusted EBITDA ratio of 1.8x. -- Updating full-year 2024 financial guidance with revenue in the range of $8,480 - $8,720 million, representing a year over year increase of 4.4% to 7.4%, and adjusted earnings per share* in the range of $14.65 - $15.15, representing a year over year increase of 14.5% to 18.5%. Adjusted earnings per share to exclude amortization, stock compensation, restructuring, foreign exchange and transaction-related / integrated-related adjustments. DUBLIN--(BUSINESS WIRE)--April 24, 2024--
    • 13 hours ago by MT Newswires
      Companies Mentioned: ICLR
      04:15 PM EDT, 04/24/2024 (MT Newswires) -- ...
    • 13 hours ago by Business Wire
      Companies Mentioned: ICLR

      ICON plc (NASDAQ: ICLR), a world-leading healthcare intelligence and clinical research organization, today reported its financial results for the first quarter ended March 31, 2024.

      CEO, Dr. Steve Cutler commented, "ICON reported a strong start to the year in quarter one, with revenue growth of 6% year over year, and net bookings up 10% over quarter one 2023, resulting in a net book to bill ratio of 1.27 times. Adjusted earnings per share grew a robust 20% on a year over year basis, reflecting our efficient service delivery and strong cost control. Our performance is reflective of the current favorable demand trends across our industry, as well as the further development of strategic customer partnerships.

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