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Financial Report: ICON

Revenues up 3% in the quarter

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By: Kristin Brooks

Managing Editor, Contract Pharma

ICON

2Q Revenues: $388.7 million (+3%)

2Q Earnings: $58.6 million (+44%)

YTD Revenues: $776.9 million (+7%)

YTD Earnings: $114.5 million (+49%)

Comments: In the second quarter, income from operations was up 41% to $68.1 million or 17.5% of revenue compared to $48.3 million or 12.8% in 2Q14. For the year, net business wins were $486 million, representing a net book to bill of 1.25. Income from operations was up 41% to $68.1 million or 17.5% of revenue.

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