Parsons reports record results since ipo for the third quarter of 2024

Q3 2024 financial highlights record revenue of $1.8 billion increases 28% year-over-year record organic revenue growth of 26%, including six consecutive quarters with year-over-year organic growth above 20% record net income increases 52% to $72 million record adjusted ebitda increases 31% to $167 million record cash flow from operations increases by $95 million to $299 million; record trailing twelve-month operating cash flow of $587 million increases 91% over the prior twelve-month period contract awards increase 24% to $1.8 billion, a third quarter record announced and closed blacksignal technologies acquisition after q3 2024 ended, parsons entered into a definitive agreement to acquire bcc engineering, llc increasing fiscal year 2024 guidance ranges for all financial metrics chantilly, va., oct. 30, 2024 (globe newswire) -- parsons corporation (nyse: psn) today announced financial results for the third quarter ended september 30, 2024.
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