Parsons reports record results since ipo for the fourth quarter and fiscal year 2024

Fourth quarter financial highlights record revenue of $1.7 billion increases 16% year-over-year organic revenue growth of 14%; eighth consecutive quarter of double-digit organic growth record net income of $54 million increases 21% record adjusted ebitda of $147 million increases 14% cash flow from operations of $127 million record contract awards increase 34% year-over-year to $1.7 billion record fiscal year 2024 highlights record revenue of $6.8 billion, representing total growth of 24% year-over-year and organic growth of 22% record net income of $235 million increases 46% record adjusted ebitda of $605 million increases 30% record cash flow from operations increases 28% to $524 million record contract awards of $7.0 billion increases 17% won 15 contracts each worth $100 million or more, matching the company's record from 2023 establishing fiscal year 2025 guidance and reiterating long-term growth targets chantilly, va., feb. 19, 2025 (globe newswire) -- parsons corporation (nyse: psn) today announced financial results for the fourth quarter and fiscal year ended december 31, 2024.
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