Medpace (MEDP) Q2 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 22, 2026 astatine 10:57 AM CDT 44 min read

Image source: The Motley Fool.

Tuesday, July 22, 2025 astatine 9 a.m. ET

• Chief Executive Officer — August James Troendle

• President — Jesse J. Geiger

• Chief Financial Officer — Kevin M. Brady

• Director of Investor Relations — Lauren Morris

Need a punctuation from a Motley Fool analyst? Email [email protected]

Operator: Good day, ladies and gentlemen, and invited to the Medpace Second Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, this telephone is being recorded. I would present similar to present your big for today's conference, Lauren Morris, Medpace's Director of Investor Relations. You whitethorn begin.

Lauren Morris: Good morning, and convey you for joining Medpace's Second Quarter 2025 Earnings Conference Call. Also connected the telephone contiguous is our CEO, August Troendle; our President, Jesse Geiger; and our CFO, Kevin Brady. Before we begin, I would similar to punctual you that our remarks and responses to your questions during this teleconference whitethorn see forward-looking statements wrong the meaning of the Private Securities Litigation Reform Act of 1995 and these statements impact inherent assumptions with known and chartless risks and uncertainties arsenic good arsenic different important factors that could origin existent results to disagree materially from our existent expectations. These factors are discussed successful our Form 10-K and different filings with the SEC.

Please enactment that we presume nary work to update forward-looking statements adjacent if estimates change. Accordingly, you should not trust connected immoderate of today's forward-looking statements arsenic representing our views arsenic of immoderate day aft today. During this call, we volition besides beryllium referring to definite non-GAAP fiscal measures. These non-GAAP measures are not superior to oregon a replacement for the comparable GAAP measures, but we judge these measures assistance investors summation a much implicit knowing of results. A reconciliation of specified non-GAAP fiscal measures to the astir straight comparable GAAP measures is disposable successful the net property merchandise and net telephone presumption slides provided successful transportation with today's call.

The slides are disposable successful the Investor Relations conception of our website astatine investor.medpace.com. With that, I would present similar to crook the telephone implicit to August Troendle.

August James Troendle: Good day. RFP travel successful Q2 continued to beryllium strong, and we saw an summation successful complaint of decisions. Total pending RFP dollars were down connected the 4th and our grant notifications were strong. Cancellations were down crossed the pipeline and awards recognized successful the backlog were the highest successful the past 5 quarters with a book-to-bill of 1.03x successful the 2nd 4th of 2025. We proceed to spot a beardown imaginable for book-to-bills returning to supra 1.15x successful Q3. Although backing challenges stay acute for galore of our clients, the ample bulk of those clients with ongoing studies were capable to get capable backing to support the trials running. The backing situation has been unchangeable to improve.