earnings
confidence high
sentiment neutral
materiality 0.65
IQVIA Q1 revenue $3,737M, adj EPS $2.54; reaffirms FY guidance with FX adjustment
IQVIA HOLDINGS INC.
2024-Q1 EPS reported
$1.56
revenue$3,737,000,000
- GAAP EPS $1.56; adjusted EPS $2.54; adjusted EBITDA $862M (+1.3% YoY).
- R&DS backlog $30.1B (+7.9% YoY); Q1 book-to-bill 1.23x (over 1.3x excl. large CNS cancellation).
- Revenue +2.3% reported (+2.9% CC); TAS +0.6%, R&DS +3.4%, CSMS +3.8%.
- FY 2024 revenue guidance lowered $75M for FX to $15,325M-$15,575M; adj EBITDA ($3.7B-$3.8B) and adj EPS ($10.95-$11.25) reaffirmed.
- Operating cash flow $522M; free cash flow $377M; net leverage 3.38x.