Covance's CEO Discusses Q3 2011 Results - Earnings Call Transcript
Now please turn to Slide 7 to recap order and backlog numbers. Adjusted net orders in the third quarter were $597 million, which represents an adjusted net book-to-bill of 1.1:0 -- 1.1:1, excuse me. Backlog on September 30 grew 1% year-on-year to $6.1 billion. Sequentially, the significant strengthening of the U.S. dollar in the back half of the third quarter decreased the value of our backlog by approximately $133 million.
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