For the three months ended December 31, 2020, GAAP revenue decreased 6.0% to $1,140.0 million and decreased 6.1% compared to the adjusted revenue from the same period in the prior year. Biostatistics and Statistical Programming, Clinical Development Services Project Management, Scientific and Medical Affairs Advisory Group, Risk and Program Management Advisory Group, Senior Vice President, Investor Relations, Direct costs (exclusive of depreciation and amortization), Selling, general, and administrative expenses, Transaction and integration-related expenses. The full 2021 Sustainability Report can be found on the Company's website. "We believe that by diversifying and strengthening our knowledge of real-word challenges, we will create better outcomes for patients worldwide.". I pay for groceries. The Report showcases the Companys continued efforts toward making a positive social impact to achieve its vision Shortening the distance from lab to life. The full 2021 Sustainability Report can be found on the Company's website. View 2021 Sustainability Report This company has a Sustainability Report available to view on our partner site, ResponsibilityReports.com Older/Archived Annual Reports 2020 Annual Report View Annual Report Download During the three months ended December 31, 2020, the Company made $13.5 million and $200.0 million of voluntary prepayments against its Term Loan A and Term Loan B, respectively that were applied to future mandatory principal payment due. Syneos Health supports a diverse, equitable and inclusive culture that cares for colleagues, customers, patients, communities and the environment. The Report spotlights how the Company and its more than 29,000 employees have acted on their shared purpose to lead with a product development mindset and expand the Companys Environmental, Social and Governance (ESG) impact. Download our annual Sustainability Report here: https . Adjusted net income for the three months ended December 31, 2020 increased 7.5% to $116.8 million, resulting in adjusted diluted earnings per share of $1.11, compared to adjusted net income of $108.6 million, or adjusted diluted earnings per share of $1.03 for the three months ended December 31, 2019. Contact the source provider Comtex at editorial@comtex.com. Reviews statistical analysis plans and table/figure/listing specifications for appropriate content, and for grammar, format, and consistency. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Syneos Health Reports Fourth Quarter and Full Year 2020 Results. Non-GAAP measures have limitations in that they do not reflect all of the amounts associated with the Company's results of operations as determined in accordance with GAAP. Syneos Health (formerly InVentiv Health Incorporated and INC Research) is a NASDAQ listed American multinational contract research organization based in Morrisville, North Carolina. Get the latest business insights from Dun & Bradstreet. 438 reviews from Syneos Health Commercial Solutions employees about Syneos Health Commercial Solutions culture, salaries, . The Company, including a Contract Research Organization (CRO) and Contract Commercial Organization (CCO), is purpose-built to accelerate customer performance to address modern market realities. We remain confident in the long-term strength of our business given our record backlog, which we expect to fuel strong growth in both segments for the full year 2021.. About Syneos HealthSyneos Health(R) (Nasdaq:SYNH) is the only fully integrated biopharmaceutical solutions organization purpose-built to accelerate customer success. We lead with a product development mindset, strategically blending clinical development, medical affairs and commercial capabilities to address modern market realities. Contents: Syneos Health Stats Syneos Health History Work for Syneos Health, Inc.? Commercial Solutions net new business awards were $464.8 million and $1,164.4 million for the three and twelve months ended December 31, 2020, representing book-to-bill ratios of 1.63x and 1.05x, respectively. Notably: Employee trust in changes being in our best interest increased by 11%. two managers to report to. Syneos Health (Nasdaq:SYNH) is the only fully integrated biopharmaceutical solutions organization. The full 2021 Sustainability Report can be found on the Company's website. Their Company brings together approximately 24,000 clinical and commercial minds with the ability. Supporting inclusivity at all levels including the Syneos Health DE&I Council, the Companys Employee Resource Groups (ERGs) and its recently launched business leader and reverse mentoring programs to promote diverse thinking and provide leadership opportunities for employees at all levels. and Prepares key reports such as annual cost and expense budgets, cost rates, cost and expense . Notably, for the five-year period from 2016 to 2020, Syneos Health helped develop or commercialize 92% of novel new drugs approved by the U.S. Food and Drug Administration (FDA) and 94% of the products granted marketing authorization by the European Medicines Agency (EMA). Support: 888-992-3836 | NewsWire | Home | Login / Register. Syneos Health is a community of 28,000 people who feel compelled to act with a profound sense of commitment and responsibility when engaging with colleagues, customers, patients and global communities, said Alistair Macdonald, CEO, Syneos Health. About Syneos Health Syneos Health (Nasdaq:SYNH) is the only fully integrated biopharmaceutical solutions organization purpose-built to accelerate customer success. Furthermore, the guidance presented below is based on current foreign currency exchange rates, current interest rates, and the Company's expected non-GAAP effective tax rate of approximately 24.0% for the year ending December 31, 2021. Syneos Health,Inc. and SubsidiariesConsolidated Statements of Operations(in thousands, except per share data), Syneos Health,Inc. and SubsidiariesConsolidated Balance Sheets(in thousands, except par value), Syneos Health,Inc. and SubsidiariesConsolidated Statements of Cash Flows(in thousands), Syneos Health,Inc. and SubsidiariesReconciliation of GAAP to Non-GAAP Measures(in thousands)(unaudited), Syneos Health,Inc. and SubsidiariesReconciliation of GAAP to Non-GAAP Measures(in thousands, except per share data)(unaudited), Syneos Health,Inc. and SubsidiariesReconciliation of GAAP to Non-GAAPFull Year 2021 Guidance(in millions, except per share data)(Unaudited). Semi annual and annual self evaluations that are 10-13 pages long are cumbersome. . With healthcare already becoming more local, COVID-19 has accelerated the need . Constant currency segment revenue growth is defined as revenue for a given period restated at the comparative periods foreign currency exchange rates measured against the comparative periods adjusted or GAAP revenues, as applicable. I am incredibly proud of the strides we have made year-over-year and look forward to being more sustainable and accountable together.. Lead Johnnie Walker USA's & Don Julio Tequila's social media strategies, managing a $850,000 annual paid media budget for each brand Strategies lead to a 400%+ lift in engagement . As a part of the Syneos Health team, you'll help us deliver results for a rewarding reason - we improve patients' lives around the world. Launching the Patient Voice Consortium to embed behavioral insights and diverse patient perspectives across the product development lifecycle to help close the long-standing communications gap between patients and those who innovate on their behalf. Overview; News & Events . Collaborating with UX, Copy and Client Services to ensure . We lead with a product development mindset, strategically integrating clinical development, medical affairs and commercial capabilities to address modern market realities. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Q3 2022 Syneos Health Inc. Earnings Conference Call. These increases were partially offset by unfavorable impacts from adoption of ASC 606 which delayed the recognition of revenue by $58.2 million compared to revenue that would have been recognized under ASC 605 and reductions in revenue of $13.5 million, due to the fair value adjustments required by purchase accounting. MORRISVILLE, N.C., Oct. 05, 2022 (GLOBE NEWSWIRE) -- Syneos Health (Nasdaq:SYNH), the only fully integrated biopharmaceutical solutions organization, today released its 2021 Sustainability Report. Get to know Syneos Health Over the past 5 years, we have worked with 94% of all Novel FDA Approved Drugs, 95% of EMA Authorized Products and over 200 . Guidance for Adjusted Diluted EPS incorporates interest expense based upon an assumed one-month LIBOR of 0.6% through the end of 2021. The Company presents EBITDA and adjusted EBITDA because it believes they are useful metrics for investors as they are commonly used by investors, analysts and debt holders to measure the Company's ability to fund capital expenditures and meet working capital requirements. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth . Report Share. Minimizing the impacts of climate change by joining more than 300 organizations in signing The Climate Pledge (TCP) with the intent of reaching net zero carbon emissions by 2040. The Company defines adjusted EBITDA as EBITDA, further adjusted to exclude expenses and transactions that the Company believes are not representative of its core operations, namely: acquisition-related deferred revenue adjustments; restructuring and other costs; transaction and integration-related expenses; share-based compensation expense; other income (expense), net; and gain or loss on extinguishment of debt. In addition, the guidance presented below represents the Companys best efforts to estimate the impact of COVID-19 on its business. Syneos Health has received a consensus rating of Hold. Adjusted net income for the twelve months ended December 31, 2020 increased 5.9% to $359.2 million, resulting in adjusted diluted earnings per share of $3.41, compared to adjusted net income of $339.3 million, or adjusted diluted earnings per share of $3.23 for the twelve months ended December 31, 2019. Important factors that could cause actual results to differ materially include, but are not limited to: risks associated with the COVID-19 pandemic; the Company's ability to maintain or generate new business awards; the Company's backlog not being indicative of future revenues and its ability to realize the anticipated future revenue reflected in its backlog; fluctuations in the Company's operating results and effective income tax rate; the Company's ability to adequately price its contracts and not overrun cost estimates; risks related to the Company's information systems and cybersecurity; changes and costs of compliance with regulations related to data privacy; any adverse effects from the Company's customer or therapeutic area concentration; general and international economic, political, and other risks, including currency and stock market fluctuations and the uncertain economic environment; risks related to the United Kingdoms withdrawal from the European Union; risks related to the Company's transfer pricing policies; the Company's ability to increase its market share, grow its business, and execute its growth strategies; failure to perform services in accordance with contractual requirements, regulatory requirements and ethical considerations; risks associated with the Company's early phase clinical facilities; insurance risk; reliance on key personnel; principal investigators and patients; risks of liability resulting from harm to patients; success of investments in the Company's customers business or drugs; foreign currency exchange rate fluctuations; risks related to the Company's income tax expense and tax reform; risks relating to the Company's intellectual property; risks associated with the Company's acquisition strategy; the degree to which our relationships with existing or potential customers may adversely impact the degree to which other customers or potential customers use our services as a result of competition; failure to realize the full value of goodwill and intangible assets; restructuring risk; potential violations of anti-corruption and anti-bribery laws; risks related to the Company's dependence on third parties; liability related to our embedded and functional outsourcing services; ability to utilize our net operating loss carryforwards and other tax attributes; downgrades of the Company's credit ratings; competition in the biopharmaceutical services industry; changes in outsourcing trends; regulatory risks; trends in the Company's customers businesses; the Company's ability to keep pace with rapid technological change; risks related to the Company's indebtedness; risks related to the ownership of our common stock; and other risk factors set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2020 as updated by the Companys other SEC filings, copies of which are available free of charge on the Company's website at investor.syneoshealth.com. +1 919 745 2745 For the twelve months ended December 31, 2020, Clinical Solutions GAAP revenue decreased 3.4% to $3,306.7 million, and decreased 3.5% compared to the adjusted revenue from the same period in the prior year. Price Target Upside/Downside According to analysts' consensus price target of $72.09, Syneos Health has a forecasted upside of 43.1% from its current price of $50.38. This has gone on too long: The bank paid itself $18,000 in fees. Syneos Health A releases earnings for Q3 on November 4.Analysts expect earnings per share of $1.32.Go here to follow Syneos Health A stock price i. . Press Release Syneos Health Releases Annual Sustainability Report Published: Oct. 5, 2022 at 7:00 a.m. The increases in GAAP net income and diluted earnings per share were primarily due to higher income from operations, a decrease in other expenses primarily related to a lower expense from foreign exchange rate fluctuations, a gain on sale of the medication adherence business and lower interest expense, partially offset by a loss on the extinguishment of debt. April 29, 2022 06:24 ET | Source: Syneos Health, Inc. Revenue for the first quarter of $1,336.3 million increased 10.5% on a reported basis and 11.7% on a constant currency basis year-over-year . Syneos Health Discloses SEC Investigation, Delays Filing Annual Report Stock tumbled 27% in after-hours trading after investigation announced The U.S. Securities and Exchange Commission is. On a constant currency basis, revenue decreased 11.7% compared to the GAAP revenue from the same period in the prior year. Report Locked. SYNH Syneos Health Inc Syneos Health Releases Annual Sustainability Report. To learn more about how we are Shortening the distance from lab to life, visit syneoshealth.com or subscribe to our podcast. Raleigh, NC 27604. incresearch.com. Syneos Health will host a conference call at 8:00 a.m. . 3201 Beechleaf Court. o Annual reports; o Investigator brochures. . Investor.Relations@syneoshealth.com, Press/Media Contact: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) . Further, it spotlights the Companys dedication to reducing its impact on the environment and supporting the shift to a low-carbon economy. Syneos Health, Inc. Morrisville, North Carolina, UNITED STATES. ET on February 18, 2021, to discuss its fourth quarter and full year 2020 financial results. . Senior Vice President, Investor Relations The Company's full year 2021 guidance is outlined below: Syneos Health will host a conference call at 8:00 a.m. Today, we're uncovering the inner workings of Syneos Health to uncover key insights related to Syneos Health careers, culture, salary, interviews, and more. We lead with a product development mindset, strategically integrating clinical development, medical affairs and commercial capabilities to address modern market realities. (see exact revenue data) and has over 1,000 employees. http://www.syneoshealth.com Industries Pharmaceutical Manufacturing Company size 10,001+ employees Headquarters Morrisville, North Carolina Type Public Company Founded 2017 Locations Primary 1030. Am I being ripped off? I moved into my husbands home. "As a company purpose-built to challenge the old ways of biopharmaceutical development, the initiatives outlined in our 2021 Sustainability Report are the foundation of who we are as a company - from increasing diversity in clinical trials to continuing to build an inclusive culture," added Keefe. How much does Syneos Health pay in bonuses? This decrease was primarily due to the impacts of COVID-19, including the related decline in reimbursable out-of-pocket expenses and the second quarter divestiture of the Companys contingent staffing business, partially offset by revenue growth during the three months ended March 31, 2020. The Syneos Health Patient Voice Consortium ensures the patient voice is amplified and central to all of the Company's efforts. Represents non-cash adjustments resulting from the revaluation of deferred revenue and the subsequent elimination of revenue in purchase accounting in connection with business combinations. Report Spotlights Significant Progress Toward Achieving Companys Environmental, Social and Governance Goals, Including Climate Pledge and DE&I Objectives. Each of the non-GAAP measures noted above are used by management and the Board to evaluate the Company's core operating results because they exclude certain items whose fluctuations from period-to-period do not necessarily correspond to changes in the core operations of the business. Adjusted EBITDA for the three months ended December 31, 2020 increased 3.3% to $194.8 million from the same period in the prior year. Other expense (income) is comprised primarily of foreign currency exchange gains and losses. We support a diverse, equitable and inclusive culture. EBITDA represents earnings before interest, taxes, depreciation and amortization. Financial - Expense Highlight. 4.0. A portion of these cost reductions were due to temporary cost savings measures implemented in response to the uncertainty caused by the COVID-19 pandemic. Syneos Health employees with the job title Senior Clinical Research Associate (CRA) make the most with an. The Company shares insights, uses the latest technologies, and applies advanced business practices to speed its customers delivery of important therapies to patients. Sep 6 Congratulations to our very own Baba Shetty for being recognized as the 2022 Syneos Health brings together approximately 25,000 clinical and commercial minds with the ability to support customers in more than 110 countries. An archived replay of the conference call is expected to be available online atinvestor.syneoshealth.com after 1:00p.m. Hands on Art Director on a variety of digital tactics, targeting HCP and Consumer audiences. . and Prepares key reports such as annual cost and expense budgets, cost rates, cost and expense . Syneos Healths agility and ability to support employees during the pandemic resulted in every item in the Q4 2020 Employee Engagement survey increasing favorably over 2019 levels. (C) Copyright 2022 GlobeNewswire, Inc. All rights reserved. Because to us, a patient isn't just a number, they're our family, friends, and neighbors. Represents non-cash share-based compensation expense related to awards granted under equity incentive plans. MORRISVILLE, N.C., Oct. 05, 2022 (GLOBE NEWSWIRE) Syneos Health ( Nasdaq:SYNH ), the only fully integrated biopharmaceutical solutions organization, today released its 2021 Sustainability Report. This decrease was primarily due to the impacts of elevated cancellations in the first half of 2020, as well as the impacts of COVID-19, including a disproportionate decline in reimbursable out-of-pocket expenses and delays in new project starts. Annual Reports Annual Reports. 2022 Syneos Health. This reflects a positive earnings . The rental income from my apartment goes into our joint savings. Inside Syneos Health, Inc.'s 10-K Annual Report: Financial - Expense Highlight. The increases in GAAP net income and diluted earnings per share were primarily due to higher income from operations, lower interest expense, and a decrease in other expenses primarily due to lower expense from foreign exchange rate fluctuations, partially offset by a higher income tax expense. The Report spotlights how the Company and . Participation in McKinsey and Companys Black Leadership Academy. Honorable award recognition, including the Forbes 2020 list of Worlds Best Employers, ranked highest among biopharma outsourcing organizations. MORRISVILLE, N.C. December 6, 2021 Syneos Health (Nasdaq:SYNH), the only fully integrated biopharmaceutical solutions organization, has released its 2020 Sustainability Report. All Rights Reserved. Syneos Health, Inc. About Syneos Health Syneos Health (Nasdaq:SYNH) is the only fully integrated biopharmaceutical solutions. In January 2018 INC Research acquired inVentiv Health, the parent company of a subsidiary, Syneos, and the resulting company was named . Salaries at Syneos Health range from an average of $53,190 to $135,559 a year. Address. Visit a quote page and your recently viewed tickers will be displayed here. Partnering with customers to advance health equity through the Syneos Health Digital Amplifier tool to better reach physicians, expanding internal capabilities to help customers reach their patient diversity goals and fostering education grounded in a conscious call to action. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call.

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