2023-05-03 06:33:59 ET
- Parsons press release ( NYSE: PSN ): Q1 Non-GAAP EPS of $0.43 in-line.
- Revenue of $1.17B (+23.3% Y/Y) beats by $110M .
- Record quarterly organic revenue growth of 12% driven by strength in both segments
- Book-to-bill ratio of 1.2x on contract awards growth of 51%
- Increasing 2023 guidance ranges for revenue, adjusted EBITDA, and cash flow from operations
- FY2023 Outlook: Revenue of $4.5B to $4.7B vs. consensus of $4.53B; Adjusted EBITDA including non-controlling interest of $375M to $415M; Cash Flow from Operating Activities of $275M to $335M.
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Parsons Non-GAAP EPS of $0.43 in-line, revenue of $1.17B beats by $110M