Medpace Holdings, Inc. announced financial results for the first quarter ended March 31, 2020. Revenue increased by 15.0% to $230.9 million compared to the prior-year period. 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 first quarter of 2019.
Revenue of $230.9 million increased 15.0% from the prior-year period.
Net new business awards were $246.9 million.
GAAP net income was $29.0 million, or $0.76 per diluted share.
EBITDA was $40.6 million.
Due to economic uncertainty, the Company is withdrawing previously provided revenue, EBITDA, net income, and net income per diluted share guidance and is not issuing new guidance at this time.
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