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Financial Report: ICON 2Q

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By: Tim Wright

Editor-in-Chief, Contract Pharma

ICON 2Q

2Q Revenues: $224 million (+2%)

2Q Earnings: $22.9 million (flat)

YTD Revenues: $442.9 million (+1%)

YTD Earnings: $45.1 million (+3%)

Comments: Income from operations was $25.7 million or 11.5% of revenue, compared to $29.3 million, or 13.3% 2Q09. Net new business wins were $320 million with a book-to-bill ratio of 1.4. YTD income from operations was $52.5 million or 11.5% of revenue, compared to $56.2 million or 11.8% in YTD09.

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