Parsons Reports Strong First Quarter 2024 Results
Parsons Corporation (PSN)
Last parsons corporation earnings: 3/10 06:30 am
Check Earnings Report
Company Research
Source: GlobeNewswire
Q1 2024 Financial Highlights Record revenue of $1.5 billion increases 31% year-over-yearRecord first quarter organic revenue growth of 29%, including four consecutive quarters with organic growth above 20%Net loss of $107 million due to a $214 million pre-tax charge related to a partial repurchase of 2025 convertible notes above par due to stock price appreciationAdjusted EBITDA increases by 56% to $141 millionStrong book-to-bill ratio of 1.4x on record contract awards with 51% growthRecord total backlog increases 8% to $9.0 billionIncreasing fiscal year 2024 guidance ranges for all financial metrics CHANTILLY, Va., May 01, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced financial results for the first quarter ended March 31, 2024. CEO Commentary “Our momentum continues with a strong start to 2024 after reporting record financial results in fiscal years 2022 and 2023. For the first quarter of 2024, we had record results for revenue, adjusted EBITDA, adju
Show less
Read more
Impact Snapshot
Event Time:
PSN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PSN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PSN alerts
High impacting Parsons Corporation news events
Weekly update
A roundup of the hottest topics
PSN
News
- Parsons Celebrates 80 Years of Infrastructure ExcellenceGlobeNewswire
- Parsons To Design Advanced Rapid Transit System in San AntonioGlobeNewswire
- Parsons Receives Innovation Transportation Solutions Award from WTS Colorado [Yahoo! Finance]Yahoo! Finance
- Parsons Receives Innovation Transportation Solutions Award from WTS ColoradoGlobeNewswire
- SealingTech Powers Up Missions with Its SN 4500PR Newswire
PSN
Earnings
- 5/1/24 - Beat
PSN
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/22/24 - Form 8-K
- PSN's page on the SEC website