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Mar 31, 2020
Medpace Q1 2020 Earnings Report
Reported first quarter results with revenue increase and net new business awards.
Key Takeaways
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.
Medpace
Medpace
Forward Guidance
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.