Earnings Call Summary | Icon PLC(ICLR.US) Q1 2024 Earnings Conference
Earnings Call Summary | Icon PLC(ICLR.US) Q1 2024 Earnings Conference
The following is a summary of the ICON Public Limited Company (ICLR) Q1 2024 Earnings Call Transcript:
Financial Performance:
ICON reported Q1 net business wins of over $2.65 billion.
The total revenue increased by 6% from last year, along with a gross margin of 29.9%.
They reported a significant decrease in total SG&A expense by 90 basis points year-over-year.
The higher efficiency led to an adjusted EBITDA growth of 11.3% over Q1 2023.
Adjusted earnings per share showed a growth of 20%.
For 2024, ICON is predicting revenue within $8.48 billion to $8.72 billion, along with an adjusted earnings per share range of $14.65 to $15.15.
Business Progress:
ICON's comprehensive scaled offering contributed to their record business wins and retained leadership position in clinical development.
A significant performance upswing was primarily noted within the large pharma full-service solutions segment and the laboratory business.
The rebranding of ICON Biotech led to increased customer receptivity and higher win rates.
They renewed a key partnership with a Top 20 pharma company and acquired digital health technology lead, HumanFirst.
They expect to sustain bookings above their target book-to-bill ratio of 1.25.
ICON aims to continue growth in the biotech industry and maintain stable headcount, leveraging machine learning and AI for increased efficiency.
They aim to expand margins by 50 basis points in 2024, driven by savings in SG&A.
Ahead, ICON plans to leverage data strategy to cost-effectively find and retain patients and continue investing in real-world evidence.
More details: Icon PLC IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
The following is a summary of the ICON Public Limited Company (ICLR) Q1 2024 Earnings Call Transcript:
以下是ICON公共有限公司(ICLR)2024年第一季度業績電話會議記錄的摘要:
Financial Performance:
財務業績:
ICON reported Q1 net business wins of over $2.65 billion.
The total revenue increased by 6% from last year, along with a gross margin of 29.9%.
They reported a significant decrease in total SG&A expense by 90 basis points year-over-year.
The higher efficiency led to an adjusted EBITDA growth of 11.3% over Q1 2023.
Adjusted earnings per share showed a growth of 20%.
For 2024, ICON is predicting revenue within $8.48 billion to $8.72 billion, along with an adjusted earnings per share range of $14.65 to $15.15.
ICON報告稱,第一季度淨業務盈利超過26.5億美元。
總收入比去年增長了6%,毛利率爲29.9%。
他們報告說,銷售和收購總支出同比大幅下降了90個點子。
更高的效率使調整後的息稅折舊攤銷前利潤比2023年第一季度增長了11.3%。
調整後的每股收益增長了20%。
ICON預計2024年的收入在84.8億美元至87.2億美元之間,調整後的每股收益區間爲14.65美元至15.15美元。
Business Progress:
業務進展:
ICON's comprehensive scaled offering contributed to their record business wins and retained leadership position in clinical development.
A significant performance upswing was primarily noted within the large pharma full-service solutions segment and the laboratory business.
The rebranding of ICON Biotech led to increased customer receptivity and higher win rates.
They renewed a key partnership with a Top 20 pharma company and acquired digital health technology lead, HumanFirst.
They expect to sustain bookings above their target book-to-bill ratio of 1.25.
ICON aims to continue growth in the biotech industry and maintain stable headcount, leveraging machine learning and AI for increased efficiency.
They aim to expand margins by 50 basis points in 2024, driven by savings in SG&A.
Ahead, ICON plans to leverage data strategy to cost-effectively find and retain patients and continue investing in real-world evidence.
ICON全面的規模化產品爲他們創紀錄的業務勝利做出了貢獻,並保持了在臨床開發領域的領導地位。
業績的顯著增長主要體現在大型製藥全方位服務解決方案領域和實驗室業務中。
ICON Biotech的品牌重塑提高了客戶接受度和更高的贏率。
他們與一家排名前20的製藥公司續訂了重要的合作伙伴關係,並收購了數字健康技術負責人HumanFirst。
他們預計預訂量將維持在1.25的目標賬單比率以上。
ICON旨在利用機器學習和人工智能來提高效率,繼續推動生物技術行業的增長並保持穩定的員工人數。
他們的目標是在銷售和收購儲蓄的推動下,在2024年將利潤率擴大50個點子。
展望未來,ICON計劃利用數據策略來經濟高效地尋找和留住患者,並繼續投資現實證據。
More details: Icon PLC IR
更多詳情: 圖標 PLC 紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。
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