Parsons Lands $40M Contract for BART Engineering Services
June 14, 2023
🌥️Trending News
Parsons Corporation ($NYSE:PSN), a leading provider of technology-driven solutions for the defense, intelligence, and critical infrastructure markets, has recently landed a $40 million contract for engineering services from Bay Area Rapid Transit (BART). The contract will include the design of civil, structural, mechanical, electrical, and geotechnical projects. The scope of work includes engineering for seismic retrofit, construction support, and re-signaling. It is an industry leader in delivering critical infrastructure solutions to government, industrial, and commercial customers globally. Its three main operating segments are Defense, Intelligence & Infrastructure; Parsons Government Solutions; and Parsons Commercial Technology Group.
It is a publicly traded company listed on the New York Stock Exchange (NYSE: PSN) with a market capitalization of over $4 billion. The award of this contract is a testament to Parsons’ expertise in providing engineering solutions to clients across industries. Furthermore, it reinforces the company’s commitment to helping BART modernize its infrastructure for the benefit of passengers in the Bay Area.
Market Price
PARSONS CORPORATION announced Monday that it has won a $40 million contract to provide engineering services for the San Francisco Bay Area Rapid Transit (BART) system. The contract is expected to last three years and will involve the design and implementation of innovative solutions for BART’s rail network. The news saw PARSONS CORPORATION stock open at $47.0 and close at $47.1, up by 0.6% from prior closing price of 46.8.
The engineering services contract with BART is the latest indication of PARSONS CORPORATION’s commitment to providing innovative solutions for infrastructure projects across the country. With the $40 million investment, BART will be able to upgrade its existing infrastructure and improve the efficiency of its rail network. 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 |
| 4.42k | 101.55 | 2.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Parsons Corporation. More…
| Operations | Investing | Financing |
| 254.25 | -424.8 | 106.27 |
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 |
| 4.26k | 2.13k | 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 |
| 3.2% | 52.5% | 4.7% |
| FCF Margin | ROE | ROA |
| 5.0% | 6.3% | 3.0% |
Analysis
At GoodWhale, we provide comprehensive financial analysis of companies. With our detailed financials analysis, you can be sure that your investment decisions are well-informed. For instance, we recently looked into the financials of PARSONS CORPORATION and based on our Risk Rating, PARSONS CORPORATION is a medium risk investment. That is not to say that it is a bad investment, as we believe the potential rewards are worth the risk. However, it is important to be aware of the risks and manage them. We have detected two risk warnings in the company’s balance sheet and cashflow statement, so we recommend that you register with us to learn more about these. 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 (PAR) recently secured a $40 million contract with the Bay Area Rapid Transit (BART) to provide engineering expertise. This contract is expected to increase revenues for the company in the upcoming quarters, and analysts have projected that PAR is likely to benefit from future BART investments. Given these indicators, along with its potential to capitalize on infrastructure investments, PAR is a good investment opportunity.
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