Press release
ICON Reports Fourth Quarter and Full Year 2021 Results
Highlights Record net business wins in the quarter of $2,378 million; a net book to bill of 1.26. Full year net business wins of $6,958 million; a net book
About this update from Icon Plc
[{"type":"text","content":"\nHighlights\n\n\nRecord net business wins in the quarter of $2,378 million; a net book to bill of 1.26. Full year net business wins of $6,958 million; a net book to bill of 1.27.\n\n\nClosing backlog of $19.1 billion, an increase of 2.6% on Q3 2021 or an increase of 9.5% year over year on a Combined Company basis.\n\n\nQuarter 4 adjusted revenue of $1,881.1 million representing a year on year increase of 147.4%. Full year revenue of $5,480.8 million representing a 95.9% increase on the prior year. On a Combined Company basis, Quarter 4 adjusted revenue increased 15.1% year over year, and full year 2021 revenue increased 24.8% year over year. \n\n\nAdjusted EBITDA of $332.5 million or 17.7% of adjusted revenue, a year on year increase of 130.7%. Full year adjusted EBITDA of $970.0 million representing a year on year increase of 90.6%.\n\n\nAdjusted net income attributable to the Group was $218.0 million or $2.63 per diluted share. Full year adjusted net income attributable to the Group of $666.4 million or $9.65 per diluted share. Full year 2021 adjusted earnings per share increased 31.2% year over year.\n\n\nGAAP revenue for Quarter 4 was $1,885.1 million and for the full year was $5,480.8 million. GAAP net income attributable to the Group for Quarter 4 of $76.5 million and for the full year of $153.2 million. \n\n\nDays sales outstanding reduced to 31 days from 57 days at December 31, 2020 on a comparable basis.\n\n\n$500 million early repayment made on Term Loan B debt. Net debt balance of $4.682 billion with Net Debt to Adjusted EBITDA of 3.4x. \n\n\nBoard of Directors authorized share repurchase programme up to $100 million.\n\n\nFull year 2022 revenue guidance reaffirmed in the range of $7,770 - $8,050 million, representing a year over year increase of 41.8% - 46.9%.\n\n\nFull year 2022 adjusted earnings per share guidance reaffirmed in the range of $11.55 - $11.95. Adjusted earnings per share to exclude amortization, stock compensation, foreign exchange and transaction-related / integration-related adjustments.\n\n\n DUBLIN--(BUSINESS WIRE)--\nICON plc (NASDAQ:ICLR), a world-leading healthcare intelligence and clinical research organisation, today reported its financial results for the fourth quarter and full year ended December 31, 2021.\n\nCEO Dr. Steve Cutler commented, “ICON had an outstanding year in 2021, with excep...