Parsons Corporation (PSN) Tops Q4 EPS by 2c

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Go back to Parsons Corporation (PSN) Tops Q4 EPS by 2c

Parsons Reports Fourth Quarter and Full Year 2021 Results

February 23, 2022 6:30 AM EST

Q4 2021 Financial Highlights

Revenue of $951 million in the quarter and $1.9 billion in the second half of 2021, representing total and organic growth of 9% and 7% over the first half of 2021, respectivelyNet income of $29 millionAdjusted EBITDA of $91 million and margin of 9.6%Cash flow from operations of $90 million for the fourth quarterBook-to-bill ratio of 0.9x in Q4 2021 and 1.25x for fiscal year 2021Total backlog of $8.3 billion, a 3% year-over-year increase

Strategic Highlights

All metrics at or above full-year 2021 guidance mid-point rangesWon three... More