Parsons Reports Strong Third Quarter 2023 Results
CHANTILLY, Va., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced financial results for the third quarter ended September 30, 2023.
- Third quarter 2023 adjusted EBITDA including noncontrolling interests increased by $21 million, or 51%, compared to the prior year period.
- Cash flow from operating activities: Third quarter 2023: $204 million compared to $123 million in the third quarter of 2022.
- During the third quarter of 2023, the company won four single-award contracts worth more than $100 million each.
- Parsons continues to build on its strong track record of acquiring strategic companies in high-growth markets that broaden its portfolio and customer footprint.