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Medpace ($MEDP) Q1 Earnings Recap - Up 20% After-Hours
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  • 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.

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  • They increased their FY guidance at the midpoint by 3.2%
  • They also increase their EBITDA, and Net Income FY guidance

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