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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% ....

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