PAREXEL International Corporation reported unaudited consolidated earnings results for third quarter and nine months ended March 31, 2013. For the quarter, the company’s total revenue was $523,451,000 against $412,029,000 a year ago. Income from operations was $36,606,000 against $28,217,000 a year ago. Income before income tax was $35,833,000 against $21,942,000 a year ago. Net income was $29,524,000 or $0.50 per diluted share against $22,869,000 or $0.38 per basic and diluted share a year ago. On Non-GAAP basis, the company’s income from operations was $37,320,000 against $37,320,000 a year ago. Income before income tax was $36,640,000 against $23,749,000 a year ago. Net income was $29,465,000 or $0.50 per diluted share against $19,862,000 or $0.33 per diluted share a year ago. Capital expenditures were $18,741,000 against $10,650,000 a year ago. Cash flow generated by operations totaled $53.6 million. For the nine months, the company’s total revenue was $1,469,108,000 against $1,160,489,000 a year ago. Income from operations was $97,795,000 against $63,263,000 a year ago. Income before income tax was $94,425,000 against $54,818,000 a year ago. Net income was $65,931,000 or $1.10 per diluted share against $45,370,000 or $0.75 per diluted share a year ago. On Non-GAAP basis, the company’s income from operations was $99,248,000 against $68,932,000 a year ago. Income before income tax was $95,576,000 against $60,487,000 a year ago. Net income was $71,448,000 or $1.19 per diluted share against $45,459,000 or $0.75 per diluted share a year ago. The company provided earnings guidance for the fiscal fourth quarter of 2013. For the period, the company expects revenue to be $449.0 million to $459.0 million. GAAP EPS to be $0.40 to $0.44. The company expects the GAAP tax rate for the fourth quarter to be in the 30% range. The company revised earnings guidance for the fiscal year 2013. The company expects revenue to be $1,720.0 billion to $1,730.0 billion against previous guidance of $1.695 billion to $1.710 billion. GAAP EPS to be $1.51 to $1.55 against previous guidance of $1.39 to $1.47. Adjusted diluted EPS to be $1.60 to $1.64 against previous guidance of $1.48 to $1.56. The company expects the GAAP tax rate for the fiscal year 2013 to be approximately 27% 28%. Earnings per share growth in the range of 44% to 48%. The company continue to expect capital expenditures to be in the $75 million to $80 million range for the full fiscal year, and free cash flow is estimated to be in the range of $120 million to $130 million for fiscal year 2013.

PAREXEL International Corporation, Q3 2013 Earnings Call, May 01, 2013

PAREXEL International Corporation announced that they will report Q3, 2013 results at 5:00 PM, Eastern Standard Time on Apr 30, 2013