Welcome to our dedicated page for ICON PLC news (Ticker: ICLR), a resource for investors and traders seeking the latest updates and insights on ICON PLC stock.
ICON PLC (ICLR) delivers essential clinical research services across 100+ countries, supporting pharmaceutical and biotechnology development through all trial phases. This news hub provides investors and industry professionals with timely updates on operational milestones, financial performance, and strategic initiatives shaping global drug development.
Access authoritative reporting on regulatory submissions, partnership announcements, and clinical trial advancements directly impacting ICON's market position. Our curated feed eliminates information fragmentation by centralizing earnings calls, governance updates, and technology implementations critical for evaluating contract research organizations.
Key coverage areas include phase III trial initiations, FDA/EMA regulatory interactions, acquisition strategies, and capacity expansion projects. Bookmark this page for real-time updates on ICON's patient recruitment innovations and quality control enhancements that maintain compliance with evolving global standards.
ICON plc (NASDAQ: ICLR) has announced the appointment of Nigel Clerkin as its new Chief Financial Officer (CFO). Clerkin brings extensive experience from his previous roles, including CFO positions at Elan , ConvaTec, UDG Healthcare, and LetsGetChecked. He will join ICON early in Q4 2023, based in the Dublin office.
Clerkin holds a BSc and Master's in Accounting from Queen's University Belfast and is a qualified chartered accountant. ICON's CEO, Steve Cutler, expressed confidence in Clerkin's ability to bring valuable insights to the role as ICON continues to grow. Clerkin replaces outgoing CFO Brendan Brennan, who has served the company for 18 years.
ICON (NASDAQ: ICLR) reported its Q2 2024 results with notable growth. Key highlights include:
Net business wins of $2.579 billion, a 6.6% increase year-over-year (YoY). Revenue rose 4.9% YoY to $2.120 billion, or 5.3% on a constant currency basis. Adjusted EBITDA increased by 8.7% to $450.4 million, representing 21.2% of revenue. GAAP net income was $146.9 million, or $1.76 per diluted share, a 25.7% increase from Q2 2023. Adjusted net income was $312.6 million, or $3.75 per diluted share, up by 20.6% YoY.
The company's backlog grew 9.9% YoY to $23.8 billion. Successful refinancing of a $2 billion Term Loan Bond yielded net interest savings of around $110 million for 2024. Net debt was $2.9 billion with a net debt to adjusted EBITDA ratio of 1.7x.
ICON updated its full-year 2024 guidance, projecting revenue between $8,450 and $8,550 million and adjusted EPS between $15.00 and $15.20, reflecting YoY growth of 4.1%-5.3% and 17.3%-18.8%, respectively.
ICON plc (NASDAQ: ICLR) held its Annual General Meeting (AGM) on July 23, 2024, where all resolutions were passed by shareholders. Key outcomes include:
1. Re-election of board members, including Ciaran Murray and Dr. Steve Cutler.
2. Approval of accounts, reports, and auditors' remuneration.
3. Authorization for share allotment and market purchases.
Notably, Joan Garahy retired as a non-executive director, while Anne Whitaker was appointed as a new non-executive director. Whitaker brings extensive global pharmaceutical industry experience, currently serving as managing partner of Anne Whitaker Group, , and CEO and Chair of Aerami Therapeutics.
ICON (NASDAQ: ICLR), a leading healthcare intelligence and clinical research organization, has been recognized with multiple awards in the first half of 2024 for its leadership in clinical research, inclusion, sustainability, and as a top employer. At the CRO Leadership Awards 2024, ICON excelled in all categories, receiving individual accolades for data quality, project timelines, operational excellence, and technology. ICON's AI solution, Cassandra, was lauded at the Citeline 2024 awards for its innovative use of real-world data. The company was named Clinical Research Company of the Year at the PharmaTimes International Clinical Researcher of the Year awards, and its site network, Accellacare, won Best Clinical Trial Network at the Vaccine Industry Excellence Awards. HumanFirst, recently acquired by ICON, was named Best Clinical Trial Technology Solution Provider at the MedTech Breakthrough Awards 2024. ICON also received a Viddy Award for its digital services and was named Social & Equality Business of the Year at the PwC Business Post Sustainable Business Awards. Additionally, ICON was listed among Europe’s Climate Leaders in 2024 by the Financial Times and recognized as a top workplace in Ireland by LinkedIn.
ICON plc (NASDAQ: ICLR), a global leader in healthcare intelligence and clinical research, has announced the release of its second quarter 2024 financial results. The results will be disclosed after market hours on July 24, 2024. A conference call and webcast to discuss these results are scheduled for July 25, 2024, at 8:00am ET. Updates and links to the live webcast will be available on the Investor section of ICON's website under 'Events.' A replay of the webcast will be accessible approximately an hour after the call concludes.
ICON plc (NASDAQ: ICLR), a prominent healthcare intelligence and clinical research organization, has announced that its CEO, Dr. Steve Cutler, will present at the Jefferies Global Healthcare Conference. The event will take place on Thursday, June 6, 2024, at 1:30pm ET. The live webcast and any updates regarding this event will be accessible through the Investor section of the company's website under 'Events'. This presentation underscores ICON's ongoing efforts to engage with investors and stakeholders, showcasing its leadership and innovation in the healthcare sector.
ICON (NASDAQ: ICLR) will host its 2024 Investor Day in New York City, featuring presentations from its executive team outlining strategic initiatives and financial outlook. ICON updated its 2024 guidance, expecting adjusted earnings per share (EPS) to range between $14.75 and $15.25, representing a 15.3% to 19.2% increase over 2023. Full-year revenue is projected to be between $8,480 million and $8,720 million, marking a 4.4% to 7.4% year-over-year increase. The company has also refined its debt structure, including a $2 billion bond offering and Term Loan B repricing, which is expected to result in a net interest expense of $200-$210 million in 2024.
ICON, a leading healthcare intelligence and clinical research organization, has announced an Investor Day event on May 30, 2024, in New York City. Starting at 10 AM ET, the event will feature presentations from ICON's executive team and a question-and-answer session, concluding around 1 PM ET. A live webcast of the event will be available on ICON's Investor section of their website. Any updates or changes will also be posted there.
ICON plc, a healthcare intelligence and clinical research organization, released its ICON Cares 2023 Report. The report highlights the company's achievements in ESG, diversity, inclusion, and sustainability goals. ICON received recognition for its efforts, including a gold medal status from EcoVadis and being named one of Europe's Climate Leaders in 2024. The company focused on increasing access to clinical trials, promoting workplace diversity, conducting business sustainably, and supporting communities.
ICON plc announced the pricing of a USD 2 billion SEC-registered bond offering, consisting of three tranches with varying maturity dates. The Notes will be issued by ICON's subsidiary and guaranteed by ICON and its subsidiaries. The offering is expected to close on May 8, 2024, with proceeds used to repay existing debt and cover related expenses.
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