Parsons Reports Fourth Quarter and Full Year 2020 Results
Q4 2020 Highlights
- Revenue of $964 million, includes $45 million of adverse impact from COVID-19
- Net income of $22 million and margin of 2.2%; adjusted EBITDA of $90 million and margin of 9.4%
- Cash flow from operating activities of $176 million
- Book-to-bill ratio of 1.1x for Q4 2020 and on a trailing 12-month basis
- Closed Braxton acquisition; accelerates growth and expands margins in high-priority space market
- Recognized by Forbes as one of the world s best employers and by Ethisphere as one of the world s most ethical companies
Fiscal year 2020 Highlights
- Net income of $99 million and margin of 2.5%
Power 100: A – M
Leslie Anderson
Anderson is the president and chief executive officer of the New Jersey Redevelopment Authority the first and only African-American woman in the nation to lead an independent redevelopment financing agency, and thanks to her effectiveness she has been reappointed to this position by four consecutive governors. Since Anderson took over more than a decade ago, the authority has leveraged nearly $4 billion in new investments – including about $500 million in direct investments – in some of the state’s most economically distressed communities. That funding has been vital to redevelopment efforts around New Jersey, with the authority claiming credit for 15,000 new housing units and more than 10 million square feet of commercial and retail space. And the authority is now poised to play a significant role in the Opportunity Zone program. In response to the COVID-19 pandemic, NJRA created the Small Business Lease-Emergency Assistance Grant Program
Lamont s budget recommends more trains for Waterbury line mycitizensnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mycitizensnews.com Daily Mail and Mail on Sunday newspapers.
May 18, 2015
The parade of Democrats racing to microphones to cash in politically on the Amtrak tragedy was stunning; even for this special crew of slip & fall ambulance chasers. Although clueless to its specific cause they called for more infrastructure spending and blamed cheapskate Republicans for a lack of funding. Sometimes implied, other times more directly stated, was that GOP legislators were putting the almighty dollar ahead of the safety of their fellow Americans.
When it became clear that it was 106 MPH in a 50 MPH zone, and perhaps âhuman errorâ, as opposed to some structural problem that caused the catastrophe, Dems altered their attack. They fingered the lack of a functional Positive Train Control system on that curved section of the Philadelphia tracks. A little bit of PTC research followed by some intellectual honesty would have shown that it hasn’t been a lack of money, but an abundance of bureaucracy preventing the full application of this long sought
RAILWAY AGE, FEBRUARY 2021 ISSUE: Industry 4.0 (also known as the Fourth Industrial Revolution) was formalized by the World Economic Forum in 2016. Industry 4.0 uses automation and data exchange in processes and technologies that include IIoT (Industrial Internet of Things), cloud computing, and AI (artificial intelligence) for implementation.
Corporations worldwide, including railroads and their partners in the transportation supply chain, are at the beginning of their journey for establishing true end-to-end digital continuity. Railroading is embarking in IIoT (for example, Positive Train Control, Enhanced Train Control) and automation (for example, autonomous track inspection), through to AI-based automation (for example, expanding autonomous track inspection to include predictive analytics for track data). The convergence of OT (Operational Technology) and IT (Information Technology) is essential for Industry 4.0. This convergence is at the core of business model digitization,