earnings
confidence high
sentiment positive
materiality 0.80
IQVIA Q1 adj. EPS $2.47 (+13.3%), revenue $3.57B (+4.7%); lowers FY revenue guidance on FX and Ukraine
IQVIA HOLDINGS INC.
2022-Q1 EPS reported
$1.68
revenue$3,568,000,000
- GAAP net income $325M (+53.3%), GAAP diluted EPS $1.68 (+54.1%); adjusted EBITDA $812M (+9.1%).
- Record R&D Solutions services bookings over $1.9B; backlog $25.3B, up 9.1% YoY; $7.0B expected to convert in next 12 months.
- FY revenue guidance revised to $14.45B-$14.75B (4.2-6.3% reported) due to dollar strength and Ukraine/Russia disruption; adj. EBITDA and EPS reaffirmed.
- Q2 guidance: revenue $3.47B-$3.52B; adj. EBITDA $790M-$805M; adj. EPS $2.35-$2.42, representing 10-14% growth.
- Repurchased $403M of stock in Q1; $2.12B remaining authorization; net leverage 3.6x.