NASDAQ$MEDP

Medpace Holdings Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Medpace's Q2 2022 financial performance reflected strong revenue growth and net new business awards.

Medpace Holdings, Inc. announced financial results for the second quarter ended June 30, 2022, featuring a 26.2% increase in revenue to $351.2 million, net new business awards of $450.6 million, and GAAP net income of $49.4 million, or $1.46 per diluted share.

  • Revenue increased by 26.2% to $351.2 million compared to the prior-year period.
  • Net new business awards increased by 16.3% to $450.6 million, resulting in a net book-to-bill ratio of 1.28x.
  • GAAP net income for the second quarter of 2022 was $49.4 million, or $1.46 per diluted share.
  • EBITDA increased by 42.0% to $68.1 million, representing an EBITDA margin of 19.4%.

Headline financials

Total Revenue

$351M

Previous: $278M+26.2%
EPS (adj)

$1.46

Previous: $1.06+37.7%
Net New Business Awards

$451M

Previous: $388M+16.3%
Capital Expenditures

-$20.5M

Previous: -$12.5M-63.5%
Free Cash Flow

$28.9M

Previous: $27.4M+5.4%
Net Income

$49.4M

Previous: $39.9M+23.6%
Operating Income

$60.2M

Previous: $42.4M+41.9%
Gross Profit

-$252M

Previous: -$204M-23.9%
Cash & Equivalents

$42.6M

Previous: $339M-87.4%
Total Assets

$1.32B

Previous: $1.47B-10.5%
Stock-Based Comp

$5.65M

Previous: $3.57M+58.3%

Revenue & EPS history

Medpace · Revenue · Quarterly

$351M

Q2 2022+26.2%vs Q2 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

The Company forecasts 2022 revenue in the range of $1.405 billion to $1.435 billion and GAAP net income for full year 2022 is forecasted in the range of $205.0 million to $215.0 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-1.7%

Avg return

Earnings day

-1.6%

Avg return

5 days after

+1.1%

Avg return

30 days after

44%

19 / 43 earnings

Positive

+39.0%

Q3 2022

Best reaction

-31.5%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.5%-19.4%-14.9%
Q4 2025-15.9%-19.3%-16.3%
Q3 2025+9.0%+6.2%+8.2%
Q2 2025-0.2%+1.5%+7.0%
Q1 2025-2.3%+3.3%+1.4%
Q4 2024-7.5%-4.0%-10.3%
Q3 2024-8.4%-7.3%-8.5%
Q2 2024-15.2%-9.5%-6.1%
Q1 2024+9.4%+6.4%+4.8%
Q4 2023+11.6%+20.0%+25.0%
Q3 2023+18.8%+9.2%+20.8%
Q2 2023+4.6%+3.9%+1.8%
Q1 2023+10.2%+5.9%+7.2%
Q4 2022-2.9%-7.6%-20.4%
Q3 2022+39.0%+41.5%+39.2%
Q2 2022-2.9%+5.0%+3.8%
Q1 2022-12.0%-11.3%-12.2%
Q4 2021-20.6%-18.2%-12.1%
Q3 2021+13.9%+21.1%+14.4%
Q2 2021-6.0%-3.4%-0.8%
Q1 2021-12.8%-11.3%-13.3%
Q4 2020-2.7%-5.3%-2.0%
Q3 2020-6.1%-4.8%+4.4%
Q2 2020+15.5%+12.8%+16.7%
Q1 2020-2.5%-11.9%+9.0%
Q4 2019+2.4%-9.7%-31.7%
Q3 2019+0.8%-0.5%+3.8%
Q2 2019+24.9%+19.9%+27.2%
Q1 2019-4.3%-1.6%-4.7%
Q4 2018-21.3%-21.8%-18.4%
Q3 2018+0.2%+13.9%+21.8%
Q2 2018+28.6%+24.4%+23.4%
Q1 2018+2.3%-0.0%+12.9%
Q4 2017-15.7%-14.3%-5.3%
Q3 2017+6.2%+5.6%-3.7%
Q2 2017+8.0%+15.1%+17.2%
Q1 2016-31.5%-29.1%-12.6%
Q1 2017-29.1%-27.5%-12.3%
Q4 2014-21.3%-20.7%-22.2%
Q2 2016-21.3%-20.7%-22.2%
Q4 2016-19.8%-20.1%-22.3%
Q3 2016+3.8%+8.1%+24.0%
Q4 2015+3.8%+8.1%+24.0%
Q3 2015
Q2 2015
Q1 2015
Q1 2014

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