earnings
confidence high
sentiment positive
materiality 0.80
Parsons reports Q4 revenue $951M, adj EBITDA $91M; issues FY22 revenue guidance $3.7-3.9B
PARSONS CORP
2021-FY EPS reported
$0.59
revenue$3,660,771,000
- Q4 revenue $951M (-1% YoY, -6% organic); net income $29M; adj EPS $0.55 vs $0.51 YoY.
- FY22 guidance: revenue $3.7B-$3.9B, adj EBITDA $315M-$345M, cash from ops $240M-$280M.
- Won $2B Faro Mine contract (one of largest awards) plus two other ~$100M awards in Q4.
- Total backlog $8.3B (+3% YoY); book-to-bill 1.25x for FY21.
- Cash from ops Q4 $90M, FY $206M; net debt to adj EBITDA leverage 0.8x.