Medpace Holdings Inc (NASDAQ:MEDP) shares are soaring in Monday’s after-hours session after the company reported strong financial results for the second quarter and raised its full-year guidance. Here’s what you need to know.
- Q2 Revenue: $603.3 million, versus estimates of $537.97 million
- Q2 EPS: $3.10, versus estimates of $2.97
Total revenue was up 14.2% year-over-year. New business awards totaled $620.5 million in the quarter, up 12.6% year-over-year. The company ended the period with a backlog of approximately $2.87 billion, down 1.8% year-over-year.
Medpace said it repurchased $518.5 million of its common stock during the second quarter and had $826.3 million remaining under its buyback as of June 30.
The company generated $148.5 million in cash flow from operations during the quarter and ended the period with $46.3 million of cash and cash equivalents.
Guidance: Medpace expects 2025 revenue to be in the range of $2.42 billion to $2.52 billion, up from prior guidance of $2.14 billion to $2.24 billion. The company also raised its full-year earnings guidance from a range of $12.26 to $13.04 per share versus estimates of $13.76 to $14.53 per share. Analysts are forecasting 2025 revenue of $2.18 billion and earnings of $12.69 per share.
Medpace executives will discuss the company’s second-quarter results on a call with investors and analysts Tuesday morning at 9 a.m. ET.
MEDP Price Action: Medpace shares were up 44.42% in after-hours, trading at $446.09 at the time of publication Monday, according to Benzinga Pro.
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