Parsons Corporation (PSN) Misses Q3 EPS by 4c
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Parsons Reports Third Quarter 2021 Results
November 3, 2021 6:30 AM EDTQ3 2021 Financial Highlights
Revenue of $956 million, representing sequential total and organic growth of 9% and 7%, respectivelyNet income of $19 million and margin of 2.0%Adjusted EBITDA of $84 million and margin of 8.8%Cash flow from operations of $77 million for the third quarterBook-to-bill ratio of 1.1x in Q3 2021 and 1.3x for the trailing twelve monthsRecord total backlog of $8.6 billion, a 10% year-over-year increaseStrategic Highlights
Five contract wins over $100 million eachCompleted two strategic acquisitions, BlackHorse Solutions, Inc. and Echo Ridge, LLCAuthorized and began executing on $100 million share repurchase programReiterated fiscal... MoreParsons Reports Third Quarter 2021 Results
November 3, 2021 6:30 AM EDTQ3 2021 Financial Highlights
Strategic Highlights
Five contract wins over $100 million eachCompleted two strategic acquisitions, BlackHorse Solutions, Inc. and Echo Ridge, LLCAuthorized and began executing on $100 million share repurchase programReiterated... More