Icon reports Q4 EPS $3.13, consensus $3.05

Reports Q4 revenue $1.96B, consensus $1.96B. CEO, Dr. Steve Cutler commented, "ICON continued its positive momentum in the fourth quarter of 2022, with 7.6% constant currency revenue growth year over year, and delivering on our full-year financial outlook in a dynamic market environment. We saw solid demand across our portfolio of services, resulting in backlog growth of 8.7% on a year over year basis. The combination of strong underlying operational performance and focused cost management delivered outstanding adjusted EBITDA1 growth of 22% and adjusted earnings per share1 growth of 19% on a year-over-year basis in quarter four."