Parsons Reports First Quarter 2021 Results
Q1 2021 Financial Highlights
- Net income of $9 million and margin of 1.0%
- Adjusted EBITDA of $69 million and margin of 7.9%
- Book-to-bill ratio of 1.2x, driven by Critical Infrastructure book-to-bill ratio of 1.4x
- Total backlog increased 4.7% from the first quarter of 2020
Strategic Highlights
- Strong Q1 2021 with six contract wins over $100 million; great start to Q2 2021 with approximately $1 billion in contract wins in the quarter
- Strong Braxton performance and integration
- Recognized as a top employer by leading minority, women, and human rights organizations
- Updated executive compensation policy to tie a portion to core values including diversity, integrity, safety, and sustainability
Marriott Vacations Worldwide ( MVW ) Reports First Quarter 2021 Financial Results
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ORLANDO, Fla., May 5, 2021 /PRNewswire/ Marriott Vacations Worldwide Corporation (NYSE: VAC) today reported first quarter 2021 financial results. The past year has reminded us what is really important in life
– family, experiences, and togetherness, all the things that travel offers. As a company whose products enable these unique and memorable occasions, it s been gratifying to see more and more people at our resorts this year, illustrating the desire of our customers to get back on vacation, said Stephen P. Weisz, chief executive officer. Our results this quarter are evidence of the continued recovery in our business and the resiliency of our business model. We generated $226 million in contract sales in the first quarter, a 27% sequential increase, and currently expect contract sales to increase to $320 million to $340 million i
Summit Hotel Properties Reports First Quarter 2021 Results
Portfolio Demand and RevPAR Accelerate to New Highs Since Onset of Pandemic
Six-Hotel Portfolio Contribution to GIC Joint Venture Completed for $172 Million
Current Liquidity Bolstered to Nearly $450 Million
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AUSTIN, Texas, May 4, 2021 /PRNewswire/ Summit Hotel Properties, Inc. (NYSE: INN) (the Company ), today announced results for the first quarter ended March 31, 2021. Hotel demand, particularly leisure demand, improved significantly during the latter part of the first quarter driving March RevPAR to a new high of more than $65 since the onset of the pandemic, which exceeded February s previous high by nearly 30%, said Jonathan P. Stanner, the Company s President and Chief Executive Officer. We also completed the contribution of six hotels to our existing joint venture with GIC for $172 million subsequent to quarter end which generated net proceeds of $83
MIC Reports First Quarter 2021 Financial And Operational Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.