IQVIA Q3 2022 Earnings Report
Key Takeaways
IQVIA's third-quarter 2022 results showcased strong financial performance. Revenue reached $3,562 million, a 5.0% increase year-over-year. GAAP Net Income grew by 8.4% to $283 million, with adjusted diluted earnings per share increasing by 14.3% to $2.48. The company's R&D Solutions also saw quarterly bookings exceeding $2.5 billion.
Revenue for the third quarter reached $3,562 million, representing a 5.0% increase compared to the previous year.
GAAP Net Income for the third quarter was $283 million, reflecting an 8.4% growth year-over-year.
Adjusted Diluted Earnings per Share increased by 14.3% year-over-year, reaching $2.48 for the third quarter.
R&D Solutions quarterly bookings exceeded $2.5 billion, with a book-to-bill ratio of 1.39x excluding reimbursed expenses.
IQVIA
IQVIA
IQVIA Revenue by Segment
Forward Guidance
For the fourth quarter of 2022, the company expects revenue to be between $3,654 million and $3,754 million, representing growth of 5.5 to 8.2 percent at constant currency and 0.5 to 3.2 percent on a reported basis. Adjusted Diluted Earnings per Share to be between $2.72 and $2.82, representing growth of 6.7 to 10.6 percent on a reported basis.
Positive Outlook
- Revenue to be between $3,654 million and $3,754 million, representing growth of 5.5 to 8.2 percent at constant currency
- Underlying constant currency organic growth excluding COVID-related work of over 10 percent at the midpoint.
- Adjusted EBITDA to be between $904 million and $934 million
- Adjusted Diluted Earnings per Share to be between $2.72 and $2.82
- Adjusted Diluted Earnings per Share representing growth of 6.7 to 10.6 percent on a reported basis
Revenue & Expenses
Visualization of income flow from segment revenue to net income