Parsons Awarded $164M Contract from U.S. Army Corps of Engineers
April 10, 2023
Trending News ☀️
Parsons Corporation ($NYSE:PSN) has been awarded a contract worth $164 million from the U.S. Army Corps of Engineers. This significant contract award cements Parsons as a leading force in the engineering, construction, and technology industries. Parsons delivers solutions to federal, local government, and commercial customers by leveraging data-driven insights to increase safety and efficiency.
The firm’s expertise ranges from intelligent transportation systems, to designing and constructing airports, to managing large scale environmental projects. This award is a testament to Parsons’s commitment to providing quality services and will help ensure important projects are done right the first time.
Price History
This is the first time the company has been awarded a contract of this size by the U.S. Army Corps of Engineers and is a testament to their dedication to delivering the highest quality services in the industry. The news sent the company’s stock prices soaring with PARSONS CORPORATION stock opening at $44.7 and closing at $45.4, up by 1.6% from previous closing price of 44.7. This indicates that investors are confident in the future of the company and are expecting more growth in the coming months. The new contract further cements PARSONS CORPORATION’s place as a leader in engineering services and is sure to enable them to continue to deliver on their promise of providing top-notch services to their customers. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Parsons Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 4.2k | 96.66 | 2.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Parsons Corporation. More…
| Operations | Investing | Financing |
| 237.53 | -417.47 | 100.37 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Parsons Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.2k | 2.1k | 19.52 |
Key Ratios Snapshot
Some of the financial key ratios for Parsons Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.0% | 49.8% | 4.5% |
| FCF Margin | ROE | ROA |
| 4.9% | 5.9% | 2.8% |
Analysis
At GoodWhale, we recently conducted an analysis of PARSONS CORPORATION‘s fundamentals. Based on our Risk Rating, the company is a medium risk investment in terms of financial and business aspects. Upon further examination of PARSONS CORPORATION’s balance sheet and cashflow statement, we detected 2 risk warnings that indicate potential areas of concern. We recommend that potential investors register on goodwhale.com to review our findings in more detail. Our Risk Rating system is designed to provide investors with insight into the financial health of a given company, assessing areas such as liquidity, profitability, and efficiency. By taking into account a company’s financial and business metrics, we are able to provide a holistic view of the investment opportunity. More…
Peers
The company is a provider of engineering, construction, and technical services for public and private sector clients. Parsons delivers innovative solutions to complex infrastructure and programmatic challenges, and is a recognized leader in the planning, design, and construction of a wide range of facilities and infrastructure. The company’s competitors include Airtificial Intelligence Structures SA, Modern Engineering & Projects Ltd, GMR Power and Urban Infra Ltd.
– Airtificial Intelligence Structures SA ($OTCPK:AITLF)
Artificial Intelligence Structures SA, or AI Structures, is a publicly traded company on the Madrid Stock Exchange. As of 2022, AI Structures has a market capitalization of €69.19 million and a return on equity of -7.34%. The company focuses on the development and commercialization of artificial intelligence technology.
– Modern Engineering & Projects Ltd ($BSE:539762)
Modern Engineering & Projects Ltd is a company that specializes in engineering and construction projects. The company has a market cap of 73.54M as of 2022 and a Return on Equity of -2211.89%. Modern Engineering & Projects Ltd has a strong focus on quality and safety, and has a good reputation in the industry. The company has a wide range of experience in both small and large projects, and has a proven track record of successful completion.
– GMR Power and Urban Infra Ltd ($BSE:543490)
GMR Power and Urban Infra Ltd has a market cap of 15.21B as of 2022, a Return on Equity of -54.42%. The company is engaged in the business of power generation and transmission, and urban infrastructure development.
Summary
Parsons Corporation is a leading engineering and technology provider for the U.S. Defense and Civil Government markets, recently securing a $164M contract from the U.S. Army Corps of Engineers. Investor analysis of this company is positive due to its commitment to innovative technologies and consistent growth in contracts with the U.S. Government. Parsons Corporation has a strong balance sheet with low debt, providing confidence in their ability to deliver on government contracts and continuing to expand their customer base. The company’s focus on cybersecurity, artificial intelligence and machine learning, data science, logistics, and advanced analytics are expected to bring further growth in the future.
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