PSN Parsons Corp.
Parsons Corp. provides engineering, design, planning, and construction management services. It offers solutions for commercial, federal, transportation, and water resources. The company delivers engineering, construction, systems and resource integration, project and program management, and environmental services to customers. Its projects include airports, bridges, chemical demilitarization, dams, energy generation facilities, environmental remediation and restoration, homeland defense, hospitals, missile defense, pharmaceutical plants, ports, public works, rail systems, roads, schools and universities, water distribution, and wastewater treatment systems. The company was founded by Ralph Monroe Parsons on June 12, 1944 and is headquartered in Pasadena, CA.
Company profile
Ticker
PSN
Exchange
Website
CEO
Charles L. Harrington
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Parson Corp
SEC CIK
Corporate docs
IRS number
953232481
Calendar
12 Nov 19
25 Feb 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Sep 19 | Jun 19 | Mar 19 | Sep 18 | |
|---|---|---|---|---|---|
| Revenue | 1.02B | 989.74M | 904.41M | 976.16M | |
| Net income | 56.81M | 40.26M | 9.74M | 41.22M | |
| Diluted EPS | 0.57 | 0.44 | 0.12 | 0.52 | |
| Net profit margin | 5.55% | 4.07% | 1.08% | 4.22% | |
| Operating income | 53.45M | -8.71M | 23.05M | 55.11M | |
| Net change in cash | -68.98M | 81.45M | -92.82M | 35.08M | |
| Cash on hand | 133.87M | 202.85M | 121.41M | 214.23M | |
| Cost of revenue | 798.55M | 784.72M | 714.24M | 783.02M |
Financial data from Parsons earnings reports
Institutional ownership Q4 2019
98.7% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 115 |
| Opened positions | 25 |
| Closed positions | 18 |
| Increased positions | 42 |
| Reduced positions | 37 |
13F shares |
Current |
|---|---|
| Total value | 4.05B |
| Total shares | 98.02M |
| Total puts | 13.6K |
| Total calls | 22.6K |
| Total put/call ratio | 0.6 |
Largest owners |
Shares | Value |
|---|---|---|
| Newport Trust | 77.58M | $3.2B |
| N Price T Rowe Associates | 2.19M | $90.48M |
| Vanguard | 1.82M | $75.29M |
| BLK BlackRock | 1.72M | $71.05M |
| Nuveen Asset Management | 1.48M | $61.23M |
| STT State Street | 1.35M | $55.88M |
| Alkeon Capital Management | 1.24M | $51.15M |
| TimesSquare Capital Management | 1.08M | $44.65M |
| Etf Managers | 991.84K | $41.09M |
| WFC Wells Fargo & Co. | 971.9K | $40.12M |
Financial report summary
?Management Discussion
- Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
- The statements in this discussion regarding industry outlook, our expectations regarding our future performance, liquidity and capital resources and other non-historical statements in this discussion are forward-looking statements. These forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, the risks and uncertainties described in “Risk Factors” and “Special Note Regarding Forward-Looking Statements” in the Company’s Form S-1/A filed April 29, 2019. We undertake no obligation to revise publicly any forward-looking statements. Actual results may differ materially from those contained in any forward-looking statements.
- Parsons Corporation Enabling a Safer, Smarter and More Interconnected World Segments Federal Solutions Technology solutions for defense and intelligence customers Critical Infrastructure Engineering and management services for complex physical and digital infrastructure customers Financial Snapshot $2.9B Revenue for nine months ended 9/30/19 Critical Infrastructure 52% Federal Solutions 48% $3.3B Contract Awards for nine months ended 9/30/19 Critical Infrastructure 38% Federal Solutions 62% Key Facts and Figures 75 Year History ~16K Employees 5% Revenue Growth (Q3 2019) 1.2x TTM Book-to-Bill $8.3B Backlog as of 9/30/2019 Parsons 1
Content analysis
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Current reports
8-K
Departure of Directors or Certain Officers
5 Dec 19
8-K
Departure of Directors or Certain Officers
14 Nov 19
8-K
Parsons Delivers Strong Third Quarter Results; Momentum in Core Markets
12 Nov 19
8-K
Departure of Directors or Certain Officers
18 Oct 19
8-K
Results of Operations and Financial Condition
13 Aug 19
8-K
Revenue of $904 million, 20% increase from the first quarter of 2018
18 Jun 19
8-K
Parsons Corporation Announces Closing of Initial Public Offering
13 May 19
Registration and prospectus
Proxies
No filings
Other
EFFECT
Notice of effectiveness
8 May 19
CORRESP
Correspondence with SEC
3 May 19
CORRESP
Correspondence with SEC
3 May 19
CORRESP
Correspondence with SEC
2 May 19
CORRESP
Correspondence with SEC
29 Apr 19
UPLOAD
Letter from SEC
23 Apr 19
CORRESP
Correspondence with SEC
12 Apr 19
UPLOAD
Letter from SEC
4 Apr 19