Parsons Corporation (PSN) Tops Q3 EPS by 24c, Slight Miss on Revenues; Maintains FY20 Revenue Outlook

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Go back to Parsons Corporation (PSN) Tops Q3 EPS by 24c, Slight Miss on Revenues; Maintains FY20 Revenue Outlook

Parsons Delivers Strong Third Quarter 2020 Results

November 4, 2020 6:30 AM EST

CENTREVILLE, Va., Nov. 4, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) today announced financial results for the third quarter ended September 30, 2020.

CEO Commentary

"We delivered strong third quarter results with record adjusted EBITDA and generated outstanding cash flow. We also recently announced a significant pending strategic acquisition in the rapidly expanding space market that exceeds all our disciplined quantitative and qualitative M&A criteria, while also preserving our financial flexibility for potential future acquisitions," said Chuck Harrington, chairman and chief executive officer of Parsons Corporation.

"Our strong operational... More