Parsons reports strong third quarter 2023 results

Q3 2023 financial highlights record revenue of $1.4 billion increases 25% year-over-year record organic revenue growth of 23% including over 20% organic growth in both segments for the second consecutive quarter net income of $47 million increases 60% adjusted ebitda of $128 million increases 24% year-over-year record cash flow from operations of $204 million; year-to-date cash flow increases 47% over prior year period book-to-bill ratio of 1.0x on contract awards growth of 14%; trailing 12-month book-to-bill ratio of 1.2x increasing 2023 guidance ranges for revenue, adjusted ebitda, and cash flow from operations chantilly, va., nov. 01, 2023 (globe newswire) -- parsons corporation (nyse: psn) today announced financial results for the third quarter ended september 30, 2023.
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