Navigation Links
Covance Reports Fourth Quarter Pro Forma Net Revenue Of $561 Million, Pro Forma EPS Of $0.73 And Adjusted Net Orders Of $769 Million
Date:1/24/2013

were driven by operating leverage in both clinical development and central laboratories, which more than offset increased spending on strategic IT projects.

Corporate InformationThe company reported fourth quarter adjusted net orders of $769 million. Backlog at December 31, 2012 was $6.64 billion compared to $6.37 billion at September 30, 2012 and $6.14 billion at December 31, 2011. Foreign exchange favorably impacted backlog sequentially by $44 million.  In addition, contributing $110 million to fourth quarter backlog growth (but excluded from adjusted net orders) was the extension of a contractual minimum volume commitment and the addition of a small new minimum volume commitment.

Corporate expenses totaled $48.3 million in the fourth quarter of 2012 (including $1.5 million in restructuring costs) compared to $40.9 million last quarter (including $0.5 million in restructuring costs) and $37.0 million in the fourth quarter of 2011 (including $2.7 million in restructuring costs). The largest driver of the sequential increase in corporate expenses was spending on our corporate data center consolidation, one of our strategic IT initiatives, coupled with increased incentive compensation accruals related to stronger business performance toward year end.

Cash and cash equivalents at December 31, 2012 were $493 million compared to $441 million at September 30, 2012 and $389 million at December 31, 2011.  Debt outstanding is now $320 million, originating from borrowings related to our share repurchase program.

Free cash flow (defined as operating cash flow less capital expenditures) for the fourth quarter of 2012 was $61 million, consisting of operating cash flow of $107 million less capital expenditures of $46 million.  Free cash flow for full-year 2012 was $108 million, consisting of operating cash flow of $260 million less capital expenditures of $152 million.Net Days Sales Outstanding (DSO) were 36 days at December 31, 2012
'/>"/>

SOURCE Covance Inc.
Copyright©2012 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Related medicine technology :

1. Covance To Present At The William Blair 32nd Annual Growth Stock Conference
2. Covance Reports Second Quarter Pro Forma Net Revenue Of $538 Million, Pro Forma EPS Of $0.65 And Adjusted Net Orders Of $701 Million
3. Covance to Present at the Morgan Stanley Global Healthcare Conference
4. Covance Reports Third Quarter Pro Forma Net Revenue Of $542 Million, Pro Forma EPS Of $0.72 And Adjusted Net Orders Of $701 Million
5. Covance To Present At The Lazard Capital Markets 9th Annual Healthcare Conference
6. Qmed, the Leading Global MedTech Industry Resource, Partners with Clarimed, to Provide the Medical Manufacturing and Healthcare Industry with FDA Reports on Adverse Events
7. Sigma-Aldrich (NASDAQ: SIAL) Reports Q1 2012 Diluted EPS of $0.96, With Diluted Adjusted EPS of $0.99. Sales Increase 5% for Q1 2012. Full Year 2012 Diluted Adjusted EPS Outlook of $3.90 to $4.05 Reaffirmed.
8. Kelyniam Global Inc. Reports Record Cranial Implant Revenues in the 1st Quarter of 2012
9. Varian Medical Systems Reports Results for Second Quarter of Fiscal Year 2012
10. Mylan Reports Q1 2012 Adjusted Diluted EPS of $0.52, an 18% Increase Over Prior Year Quarter
11. CryoLife Reports Record Quarterly Revenues in First Quarter of 2012
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/1/2015)... N.C. , May 1, 2015  An ... that can provide non-binding but informed guidance to ... the return on investment, it is important for ... invest optimal resources. Research and ... study to assist pharmaceutical and medical device executives ...
(Date:5/1/2015)... CHAPEL HILL, N.C. , May 1, 2015 /PRNewswire/ ... from payers for its high price but manufacturer Gilead ... programs, strategic worldwide pricing, and effective public relations campaigns. ... and promise of less severe side effects propelled the ... quarter of 2014, the therapy,s first quarter on the ...
(Date:5/1/2015)...   Intarcia Therapeutics, Inc. today announced the ... President, Human Resources, reporting directly to Kurt Graves ... key member of the senior leadership team, Mr. Brady ... to assure the Company advances its business, brings in ... values and its dynamic culture. Another essential goal for ...
Breaking Medicine Technology:New Study Presents Insights to Advisory Board Effectiveness in the Pharmaceutical Sector 2New Study Examines Success Lessons of Sovaldi's and Harvoni's Blockbuster Launches 2Intarcia Appoints James P. Brady Vice President, Human Resources 2Intarcia Appoints James P. Brady Vice President, Human Resources 3Intarcia Appoints James P. Brady Vice President, Human Resources 4
... LUTHERVILLE, Md., Sept. 27, 2011 The ... – a nonprofit organization that facilitates cooperation ... agencies and pharmaceutical manufacturers in the prevention ... released the following statement in response to ...
... A flu clinic at Manzanita Senior Center today aims ... and the key role vaccination plays in helping to improve ... of age and older are typically the hardest hit by ... Prevention (CDC). A new program launching in the Phoenix area ...
Cached Medicine Technology:NADDI Lauds Ohio Bill Introduction: Real-Time, Stop-Sale System Blocks Illegal Sales 2Influenza Awareness Initiative for Phoenix Seniors Highlights Need for Influenza Vaccination for Adults Age 65 and Older 2
(Date:5/3/2015)... Leading international program provider, Child Family ... the 2015 Harris Wofford Global Service Fellowships. CFHI Global ... deserving recipients of the award named after former US ... The two recipients were chosen for their strong commitment ... , CFHI is one of seven organizations participating in ...
(Date:5/3/2015)... " Bubbly Walrus ” was featured on ... look at the latest and coolest applications on the market ... AppWatch and technology expert, conducted the app review and shared ... , The best games to play on smartphones are the ... killing brain cells with a video game that just absorbs ...
(Date:5/3/2015)... Indianapolis, Indiana (PRWEB) May 03, 2015 ... Network Service Provider announces Bank Computer Services, Inc (BCS) ... Mark Prout, BCS’ President states, “The technology, service, and ... I really like is the local feel you get ... owned and managed company; IFN makes local decisions and ...
(Date:5/3/2015)... “ BolehVPN ” was featured on NewsWatch as ... and coolest technology products available to consumers. Scott Steinberg, a ... and shared with viewers how to protect their private information. ... on computers and even more so online. It helps everyone ... over the world. In terms of work, the internet makes ...
(Date:5/3/2015)... LOUIS, Missouri (PRWEB) May 03, 2015 ... international business that will directly impact your career? ... is designed for dynamic leaders in multinational companies ... multinational company. In a changing global landscape, differences ... negotiations and relationships. The EMIB program develops the ...
Breaking Medicine News(10 mins):Health News:SF-based Global Health Non-Profit Awards Harris Wofford Global Service Fellowship 2Health News:SF-based Global Health Non-Profit Awards Harris Wofford Global Service Fellowship 3Health News:An Application to Have Fun with Mathematics Was Featured on NewsWatch Television 2Health News:Bank Computer Services, Inc Selects Indiana Fiber Network, LLC as Fiber Transport Provider 2Health News:Bank Computer Services, Inc Selects Indiana Fiber Network, LLC as Fiber Transport Provider 3Health News:A Method to Keep Private Information Secure was Featured on NewsWatch Television 2Health News:The Saint Louis University's Master of International Business Is Now Enrolling For Fall 2015 2
... held recently in Chennai has brought out the wide ... HIV transmission to the spotlight.// A one-day workshop was ... of India to create awareness regarding the prevalence and ... working in the Urban Health Posts (UHPs) of Vadapalani ...
... Contradicting the age-old conception that memory capacity is solely ... the brain, a recent research demonstrates that //filtering out ... remember what is really important., ,The study, which ... journal Nature, demonstrates that awareness, or visual working memory, ...
... Pakistan has extended the ban on poultry and poultry ... taking the total number of countries banned to 17.//,The ... of avian influenza outbreak, said The News. ,Last ... that include China, Vietnam, South Korea, Thailand, Indonesia, Cambodia, ...
... more cases of bird flu, even as the government has ... the virus.// ,The latest outbreaks of the deadly H5N1 ... Xinjiang, the southwestern province of Yunnan and the northwestern region ... ,About 2,500 birds died in Yunnan's Chuxiong district Thursday, and ...
... than 1,200 children, whose organs were removed after death without ... of about ?2,900 in a compensation deal announced recently ,in ... apex body had fought the cases involving organ-retention at ... a total figure of around ?3.6 million for the families, ...
... Did you know that cranberry juice has anti-bacterial properties? ... that it might contain certain compounds that can help ... ,Dental researchers from the University of Rochester Medical ... is believed that cranberry juice acts just similar to ...
Cached Medicine News:Health News:Chennai AIDS Campaign Highlights The Social Neglect Faced By Victims 2Health News:Organ Scandals Compensation And The Aftermath 2Health News:Cranberry juice to Prevent Dental Decay 2
Ideal for use with low volume samples on the Biomek robotic pipetting systems, the ART 20R provides guaranteed protection for your expensive workstation....
... false signals and contamination caused by ... Barrier Tips offer performance and economy ... (PCR(a)), radioactive isotopes, tissue culture fluids, ... , ,Promega Barrier Tips are made ...
... Eppendorf Barrier Tips. Designed to fit Eppendorf Pipettors. ... of DNA and proteins bound to the tip. ... retention, which means the focus is on liquid ... also focuses on low binding which reduces the ...
10 L, Racked, Pre-sterilized, 96 tips/rack Recommended for 2, 5 and 10 L pipettes....
Medicine Products: