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Parsons Reports First Quarter 2021 Results Q1 2021 Financial Highlights - Net income of $9 million and margin of 1.0% - Adjusted EBITDA of $69 million and margin of 7.9% - Book-to-bill ratio of 1.2x, driven by Critical Infrastructure book-to-bill ratio of 1.4x - Total backlog increased 4.7% from the first quarter of 2020 Strategic Highlights - Strong Q1 2021 with six contract wins over $100 million; great start to Q2 2021 with approximately $1 billion in contract wins in the quarter - Strong Braxton performance and integration - Recognized as a top employer by leading minority, women, and human rights organizations - Updated executive compensation policy to tie a portion to core values including diversity, integrity, safety, and sustainability ....
Parsons Newly Acquired Braxton Technologies Awarded Tibbetts Innovation Excellence News provided by Share this article Share this article COLORADO SPRINGS, Colo., Jan. 26, 2021 /PRNewswire/ Parsons Corporation s (NYSE: PSN) newly acquired Braxton Technologies, LLC, has been awarded the prestigious Tibbitts Award, which recognizes excellence in Small Business Innovation and Research (SBIR) and Small Business Technology Transfer (STTR) efforts. Braxton leader Ed Baron was also recognized with an individual Tibbetts Award for his significant contributions and advocacy for SBIR programs within the defense and aerospace community. Baron s dedication and ingenuity positively impacted the Colorado Springs economy, resulting in job growth and over $370 million towards local businesses. ....