Parsons Corporation (PSN) Tops Q3 EPS by 32c

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Parsons Delivers Strong Third Quarter Results; Momentum in Core Markets

November 12, 2019 6:30 AM EST

CENTREVILLE, Va., Nov. 12, 2019 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) today announced financial results for the third quarter ended September 30, 2019.

CEO Commentary

"We reported solid third quarter results with record revenue and adjusted EBITDA and strong cash flow," said Chuck Harrington, Chairman and CEO of Parsons Corporation. "We are established in growing and enduring markets, and we continue to win large strategic contracts, including our largest single-award cyber program to date. Our year-to-date margin expansion is driven by selling more technology-led solutions, shaping our portfolio, acquiring higher margin... More