Parsons Corp (NYSE:PSN)
$ 50.94 +3.89 (+8.27%) Market Cap: 5.45 Bil Enterprise Value: 6.95 Bil PE Ratio: 24.37 PB Ratio: 2.06 GF Score: 80/100

Parsons Corp at Cowen Aerospace/Defense & Industrials Conference (Virtual) Transcript

Feb 09, 2022 / 06:30PM GMT
Release Date Price: $30.91 (+1.44%)
Cai Von;Rumohr
Cowen and Company, LLC - Analyst

So welcome, all, and thank you for joining us again. Were delighted to have with us now, Parsons Corp. And from Parsons Corp., we have Carey Smith, CEO; and George Ball, CFO. I think Carey is going to make a couple comments and then we'll go into Q&A. Carey?

Carey Smith
Parsons Corporation - President & CEO

Thank you, Cai, and it's a pleasure to be here with you today. Can't wait to work in person though in the next one, I hope. Let me start off with just a brief overview of Parsons. We're very well positioned in two segments: federal solutions and critical infrastructure segment. And our portfolio is very well aligned to the Biden administration priorities of national security and critical infrastructure.

After Q3, we reported a record backlog of 8.5 billion and also a trailing 12-month book-to-bill of 1.3 times. So very pleased with the amount of new business that we've been able to win.

We've secured our recompetes. In fact, we had very close to 100% recompete wins

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