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Stock impact report

Parsons Reports Record Results Since IPO for the Third Quarter of 2024

Parsons Corporation (PSN) 
Last parsons corporation earnings: 3/10 06:30 am Check Earnings Report
Company Research Source: GlobeNewswire
Q3 2024 Financial Highlights Record revenue of $1.8 billion increases 28% year-over-yearRecord organic revenue growth of 26%, including six consecutive quarters with year-over-year organic growth above 20%Record net income increases 52% to $72 millionRecord adjusted EBITDA increases 31% to $167 millionRecord cash flow from operations increases by $95 million to $299 million; record trailing twelve-month operating cash flow of $587 million increases 91% over the prior twelve-month periodContract awards increase 24% to $1.8 billion, a third quarter recordAnnounced and closed BlackSignal Technologies acquisitionAfter Q3 2024 ended, Parsons entered into a definitive agreement to acquire BCC Engineering, LLCIncreasing fiscal year 2024 guidance ranges for all financial metrics CHANTILLY, Va., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced financial results for the third quarter ended September 30, 2024. CEO Commentary“We delivered record third quarter Show less Read more
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