Parsons Corporation (PSN) Tops Q4 EPS by 17c, Revenues Miss; Offers FY21 Revenue Outlook Below Consensus

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Go back to Parsons Corporation (PSN) Tops Q4 EPS by 17c, Revenues Miss; Offers FY21 Revenue Outlook Below Consensus

Parsons Reports Fourth Quarter and Full Year 2020 Results

February 24, 2021 6:30 AM EST

CENTREVILLE, Va., Feb. 24, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) today announced financial results for the fourth quarter and year ended December 31, 2020.

CEO Commentary"We delivered robust cash flow and margins, along with a healthy book-to-bill ratio in the fourth quarter. We also generated strong full-year results in the midst of a global pandemic, setting new corporate records for cash flow, adjusted EBITDA, and adjusted EBITDA margin," said Chuck Harrington, chairman and chief executive officer of Parsons Corporation.

"We will continue to build and leverage our strong... More