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IQVIA Q4'17 adjusted EBITDA up YOY

IQVIA Holdings Inc., formerly Quintiles IMS Holdings, said fourth-quarter adjusted EBITDA was up year over year to $582 million, from $541 million.

Durham, N.C.-based IQVIA posted fourth-quarter adjusted net income of $300 million, or $1.40 per share.

The S&P Capital IQ normalized EPS consensus estimate for the fourth quarter was $1.34.

The company booked quarterly revenue of $2.16 billion, up 8.4% year over year on a constant currency basis.

On a GAAP basis, net income attributable to the company was $1.08 billion, or $5.02 per share, compared to a loss of $178 million, or 74 cents per share, in the year-ago quarter.

Full-year results

For full-year 2017, IQVIA's adjusted EBITDA rose to $2.05 billion from $1.96 billion in 2016.

The company recorded adjusted net income of $1.04 billion, or $4.67 per share.

The S&P Capital IQ normalized EPS consensus estimate for the year was $4.63.

IQVIA's full-year 2017 revenue amounted to $8.06 billion, a 4.2% year over year increase on a constant currency basis.

On a GAAP basis, net income attributable to the company was $1.31 billion, or $5.88 per share, up from $115 million, or 76 cents per share, in 2016.

Moving ahead, the company lowered its full-year 2018 adjusted EPS guidance to a range of $5.20 to $5.45 from $5.35 to $5.60 previously.

The S&P Capital IQ normalized EPS consensus estimate for 2018 is $5.34.