ICON Hosts Investor Day and Updates Full Year 2024 Financial Guidance
Highlights
- Accelerating mid-term financial outlook supported by positive market environment and strengthened, scaled offering.
- Continued focus on innovation to drive improved outcomes and efficiency in trial delivery.
- Updated 2024 financial outlook to incorporate positive impact of debt refinancing.
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2024 adjusted earnings per share* guidance is now expected to be in the range of
$14.75 -$15.25 , an increase of 15.3% to 19.2% over 2023.
Dr.
Financial Outlook
ICON is updating its full-year 2024 guidance to incorporate its recent debt refinancing, including the impact of the successful
Full-year 2024 revenue guidance is reaffirmed in the range of
About
Other information
This press release contains forward-looking statements, including statements about our financial guidance. These statements are based on management's current expectations and information currently available, including current economic and industry conditions. These statements are not guarantees of future performance or actual results, and actual results, developments and business decisions may differ from those stated in this press release. The forward-looking statements are subject to future events, risks, uncertainties and other factors that could cause actual results to differ materially from those projected in the statements, including, but not limited to, the ability to enter into new contracts, maintain client relationships, manage the opening of new offices and offering of new services, the integration of new business mergers and acquisitions, as well as other economic and global market conditions and other risks and uncertainties detailed from time to time in
In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this press release contains certain non-GAAP financial measures, including adjusted earnings per share*.
*Adjusted earnings per share excludes amortization, stock compensation, foreign exchange gains and losses, and restructuring and transaction-related / integration-related adjustments (including transaction related financing costs). While non-GAAP financial measures are not superior to or a substitute for the comparable GAAP measures, ICON believes certain non-GAAP information is useful to investors for historical comparison purposes.
The full-year 2024 guidance adjusted earnings per share* measures are provided on a non-GAAP basis because the company is unable to predict with a reasonable degree of certainty certain items contained in the GAAP measures without unreasonable efforts. For the same reasons, the company is unable to address the probable significance of the unavailable information.
ICON/ICLR-F
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Investor Relations +1 888 381 7923 or
Brendan Brennan Chief Financial Officer +353 1 291 2000
All at ICON
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