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Parsons Reports First Quarter 2021 Results


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 ....

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The Ray Wants to Bring Electric Car Charging Stations and Roads to Central Texas


The Ray intends to help Austin implement wireless charging stations – either stationary solar-powered ones (pictured) or dynamic strips of roadway that charge cars as they drive (Courtesy of the Ray)
A car buzzes south down MoPac as freezing rain pings on its roof. The car, an electric pickup, is low on charge, but its driver is unfazed. Why? She knows the road is actually charging her car through its solar-­powered dynamic wireless charging system.
As she passes the 35th Street exit, she hits a slick patch of road covered in ice. The car momentarily skids before steadying itself. Immediately, the car communicates that it lost control to the ....

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