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Financial Report: ICON 3Q

Revenues up 19%

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By: Tim Wright

Editor-in-Chief, Contract Pharma

ICON

3Q Revenues: $286 million (+19%)

3Q Earnings: $17.7 million (earnings were $1.5 million 3Q11)

YTD Revenues: $815 million (+16%)

YTD Earnings: $39.6 million (+45%)

Comments: Income from operations, before restructuring and other non-recurring charges, for the quarter was $20.9 million or 7% of revenue. Gross business wins of $496 million, with a book to bill of 1.7. Net business wins of $450 million, a net book to bill of 1.6. Backlog increased 19% year on year to $2.7 billion.

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