Parsons Corporation (PSN) Tops Q4 EPS by 23c, Offers Guidance

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Go back to Parsons Corporation (PSN) Tops Q4 EPS by 23c, Offers Guidance

Parsons Delivers Strong Fourth Quarter and Full Year 2019 Results on Solid Revenue Growth

March 10, 2020 6:30 AM EDT

CENTREVILLE, Va., March 10, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) today announced financial results for the fourth quarter and year ended December 31, 2019.

CEO Commentary

"We had a strong finish to 2019 and ended the year with record revenue and profitability results, along with solid cash flow over the second half of the year," said Chuck Harrington, Chairman and CEO of Parsons Corporation. "We are delivering on the plan we outlined at the time of our IPO. We achieved strong organic revenue growth in our Federal Solutions business, produced significant margin... More