CEO Dr. Steve Cutler commented, “I am very pleased with the strong start ICON has made to 2021 which builds on our momentum from last year. During the quarter ICON produced a record net business wins of $1.1 billion,
an increase of 27% year on year,
growing our backlog to $10 billion, an increase of 14% year on year. Revenue grew to $858 million, a 20% year on year increase, and adjusted earnings per share increased by 21% to $2.06.
Given our strong progress this year we are increasing our standalone 2021 revenue guidance from a range of $3,200 - $3,300 million to a range of $3,400 - $3,500 million, an increase of 21.6% - 25.1% year over year. And we are increasing standalone adjusted earnings per share guidance from a range of $8.10 - $8.50 to $8.40 - $8.80, representing an increase of 28.6% - 34.8% year over year.
ICON plc: ICON Reports Fourth Quarter and Full Year 2020 Results
Highlights
Record net business wins in the quarter of $1,080 million; a book to bill of 1.42. Full year net business wins of $3.8 billion; a net book to bill of 1.38.
Record closing backlog of $9.7 billion, an increase of 13.4% year on year.
Quarter 4 reported revenue of $760.2 million representing a year on year increase of 4.8% and 8.3% increase on Quarter 3 2020. Full year reported revenue of $2,797 million representing a 0.3% year on year decrease.
Adjusted earnings per share attributable to the Group for the quarter of $1.90, compared to $1.83 in Quarter 4 2019. Full year adjusted earnings per share attributable to the group of $6.53, compared to $6.88 in 2019.