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The strong earnings and revenue growth demonstrate solid business health, similar to previous successful quarters, supporting upward momentum.
What happened, with direct paths to the underlying reporting
Medpace's earnings exceeded estimates at $3.86 vs $3.52 consensus. Sales reached $659.9 million, growing 23.7% year-over-year. Backlog increased 2.5% to ~$3 billion, indicating strong demand. Net business awards surged 30% sequentially to $789.6 million. Fiscal 2025 EPS guidance raised, reflecting management's confidence.
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