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Icon plc (ICLR)
NASDAQ:ICLR
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
3.34Last Year’s EPS
3.47Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 5.50%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant progress in business development and cost management, yet faced challenges with revenue decline and elevated cancellations. The demand environment remains volatile, especially in the biotech sector, impacting overall growth expectations.Company Guidance
During the ICON Q4 Earnings Conference Call, the company reaffirmed its full-year guidance for 2025, citing mixed conditions in the market. ICON reported Q4 2024 revenue of $2.04 billion, marking a 1.2% year-over-year decline, while full-year 2024 revenue reached $8.28 billion, up 2% from 2023. Adjusted EBITDA for Q4 was $423 million, or 20.7% of revenue, and for the full year, it was $1.74 billion, a 2.5% increase from 2023. The net book-to-bill ratio stood at 1.18x in Q4 and 1.2x on a trailing 12-month basis, reflecting $3.06 billion in gross bookings and $651 million in cancellations. The company achieved a backlog of $24.7 billion at the end of 2024, representing an 8.3% year-over-year increase. ICON's automation strategy saved over $100 million in total costs annually, and the company repurchased $500 million in shares during 2024. Despite market volatility, ICON expressed confidence in its strategic partnerships and digital innovation strategy, projecting a continued positive outlook for 2026.Improved Business Development Performance
Gross bookings in Q4 2024 were $3.06 billion, increasing 8% sequentially and 3% year-over-year. The backlog grew to $24.7 billion, representing an increase of 1.4% from Q3 2024 and 8.3% year-over-year.
Cost Management Success
ICON achieved its target of free cash flow of $1.1 billion for the full year 2024, an increase of 10% over 2023. The company exceeded its target of 3.5 million hours delivered in automation in 2024, aiming for over 5 million hours in 2025.
Strong Financial Position
ICON ended 2024 with a leverage ratio of 1.7x net debt to adjusted EBITDA and repurchased $500 million in shares during the year, with plans to continue repurchasing in 2025.
Positive Trends in Digital Innovation
Year-over-year, ICON delivered 10% faster site activation, 33 fewer non-recruiting sites, and a 24% increase in trials completed on time.
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ICLR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ICLR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $191.32 | $201.84 | +5.50% |
| Oct 23, 2024 | $280.76 | $221.73 | -21.03% |
| Jul 24, 2024 | $331.77 | $313.10 | -5.63% |
| Apr 24, 2024 | $309.44 | $300.08 | -3.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Icon plc (ICLR) report earnings?
Icon plc (ICLR) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Icon plc (ICLR) earnings time?
Icon plc (ICLR) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ICLR EPS forecast?
ICLR EPS forecast for the fiscal quarter 2025 (Q1) is 3.34.
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