Companies

Icon plc announces $500m share buyback programme after posting record profits for 2023

The Irish contract research company is forecasting a further double-digit increase in profits for 2024 as its order book continues to expand

Dr Steve Cutler, chief executive of Icon plc. Photo: Fergal Phillips

Icon plc, the Dublin-headquartered contract research giant, has announced a share buyback programme worth up to $500 million after profits surged to record levels last year for the group.

The company, which is listed on the US stock market, announced the bumper share buyback programme late on Wednesday evening as part of its annual results for 2023 that showed a double-digit increase in profits.

Icon posted a 15 per cent increase in full year earnings ...