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Restructuring charges impact earnings
July 24, 2012
By: Tim Wright
Editor-in-Chief, Contract Pharma
ICON 2Q Revenues: $277 million (+19%) 2Q Earnings: $8.0 million (-39%) YTD Revenues: $529 million (+15%) YTD Earnings: $21.9 million (-15%) Comments: Gross business wins were $477 million, representing a gross book to bill of 1.7. Net business wins were $373 million, representing a net book to bill of 1.35. Restructuring and other charges in the quarter were $5.6 million. YTD earnings exclude restructuring and other non-recurring items....
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