Parsons Corporation (NYSE: PSN) reported Q2 EPS of $0.49, $0.20 better than the analyst estimate of $0.29. Revenue for the quarter came in at $979.46 million versus the consensus estimate of $990.42 million.

CEO Commentary

"Inclusion, diversity, and equality have been a central aspect of Parsons' core values for decades, and recent watershed events have elevated our commitment to assuring we achieve our vision of equal opportunity for all in these areas. These core values enhance our creativity and entrepreneurial culture, which is a key aspect of our competitive advantage and continued growth and success," said Chuck Harrington, chairman and chief executive office of Parsons Corporation.

"We delivered record second quarter profitability and strong cash flow results, while overcoming ongoing COVID-19 headwinds to achieve revenue results that were in-line with our internal expectations. Our long history of commitment to innovation, agility, and collaboration continues to differentiate Parsons and is enabling the acceleration of our transition to deliver more technology and transactional solutions. We are well positioned in our markets and will leverage our strong balance sheet to enhance our portfolio and drive future growth."

GUIDANCE:

Parsons Corporation sees FY2020 revenue of $3.95-4.05 billion, versus the consensus of $4.02 billion.

For earnings history and earnings-related data on Parsons Corporation (PSN) click here.