Medpace (
$MEDP) Q1 Earnings Recap - Up 20% After-Hours
- Gross margin up 20bps to 30.0%
- Operating margin up 50bps to 19.9%
- Net profit margin up 10bps to 19.8%
- FCF margin 510bps to 16.3%
- SBC just 1.3% of revenue
- Diluted weighted-average shares down 11.6% YoY
- The company repurchased ~655,000 shares for $120.1MM
- The revenue growth of 31.2% and the Net New Business Awards growth 31.4% are the largest quarterly YoY increase since Q2'21.
- They increased their FY guidance at the midpoint by 3.2%
- They also increase their EBITDA, and Net Income FY guidance