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Sure, here's an overview of public companies with the ticker symbol "ICON" and their current status on the US stock exchange, including their earnings and growth:
ICON Public Limited Company (ICLR):
Ireland-based ICON plc is a clinical research organization that provides outsourced development services to the pharmaceutical, biotechnology, and medical device industries. The company has a solid track record of revenue growth, driven by its leadership position in the increasingly important outsourced clinical research services sector. Over the past five years, ICLR's top line has consistently grown at a high-single-digit pace, and its backlog has steadily increased each year. The clinical research organization's business has proven to be remarkably resilient in the face of the pandemic. Although ICLR has not been immune to COVID-19-related disruptions, its diversified customer and therapeutic area mix has helped insulate it from some of the downstream biotech development service providers. While its small-cap biotech clients have experienced liquidity issues, its large-cap pharma clients have continued to advance their pipeline projects apace.
Earnings: ICLR's revenues and earnings have consistently grown over the years. In its most recent quarter, the company reported a 20.3% YoY increase in net business awards, resulting in arecord backlog of $5.4 billion. This growth is further bolstered by its phase II and phase III trial initiation processes. Gross margins expanded 250 basis points to 45.1%, while SG&A expenses decreased to 27.5% of sales, down from 33.6% in the prior-year period. Operating income increased 44.9% YoY to $121.7 million, adjusted operating income increased 39.3% YoY, and adjusted EBITDA increased 43.6% YoY. The company's financial position is solid. It increased 14.6% YoY to $636.8 million in cash and investments.
Growth: ICLR's growth has been driven by its leadership position in the increasingly important outsourced clinical research services sector, as well as its diversified customer and therapeutic area mix. The company's small-cap biotech clients have experienced liquidity issues, but its large-cap pharma clients have continued to advance their pipeline projects apace.
Overall, ICLR has demonstrated earnings and growth potential. Its solid track record and future prospects make it a potential investment opportunity for those interested in the clinical research organization industry. Before making any investment decisions, it is always a good idea to conduct additional research and consider personal financial goals and risk tolerance.
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