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Financial Report: ICON

Revenues up 10% in the quarter

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By: Kristin Brooks

Managing Editor, Contract Pharma

ICON
 
1Q Revenues: $350 million (+10%)
 
1Q Earnings: $36.2 million (+63%)
 
Comments: Gross business wins were $494 million in the quarter, representing a gross book to bill of 1.41. Net business wins were $427 million, representing a net book to bill of 1.22. Income from operations, excluding restructuring and other items, was $43.0 million or 12% of revenue. In the quarter the company agreed to acquire Aptiv Solutions, a provider of adaptive and medical device trials, for $143.5 million in cash.

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