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Medpace Holdings Inc's (NASDAQ:MEDP) Q4 revenue increased 18.8% Y/Y to $308.6 million, missing the consensus of $309.04 million. On a constant currency organic basis, revenue increased 19.2%.
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- As of December 31, 2021, Backlog grew 29.5% to $1.99 billion. Net new business awards were $458.7 million, representing a net book-to-bill ratio of 1.49x.
- EBITDA for Q4 FY21 increased 2.0% to $61.4 million, or 19.9% of revenue, compared to $60.2 million, or 23.2% of revenue, for the comparable prior-year period.
- The Company posted EPS of $1.32, down from $1.35 posted a year ago and beating the consensus of $1.25.
- Additionally, as of February 10, the Company's Board of Directors approved an increase of $300 million to the Company's stock repurchase program.
- Financial Guidance: Medpace forecasts FY22 revenue of $1.4 billion - $1.46 billion, representing Y//Y growth of 22.6% - 27.8%, compared to the consensus of $1.44 billion.
- EBITDA is expected to be $262 million - $278 million.
- The Company expects EPS of $5.35 - $5.67, versus the consensus of $5.49.
- Price Action: MEDP shares closed at $174.23 on Monday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.