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Financial Report: ICON

Restructuring charges impact earnings

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By: Tim Wright

Editor-in-Chief, Contract Pharma

ICON
 
2Q Revenues: $277 million (+19%)
 
2Q Earnings: $8.0 million (-39%)
 
YTD Revenues: $529 million (+15%)
 
YTD Earnings: $21.9 million (-15%)
 
Comments: Gross business wins were $477 million, representing a gross book to bill of 1.7. Net business wins were $373 million, representing a net book to bill of 1.35. Restructuring and other charges in the quarter were $5.6 million. YTD earnings exclude restructuring and other non-recurring items.

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