PARSONS CORP
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
PSN$51.56+0.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income (Loss)
(In thousands, except per share information)
| Three Months Ended | ||
|---|---|---|
| March 31, 2024 | March 31, 2023 | |
| Revenue | $1,535,676 | $1,173,466 |
| Direct cost of contracts | 1,210,827 | 917,188 |
| Equity in losses of unconsolidated joint ventures | (2,060) | (5,840) |
| Selling, general and administrative expenses | 220,945 | 199,308 |
| Operating income | 101,844 | 51,130 |
| Interest income | 1,152 | 793 |
| Interest expense | (12,998) | (6,458) |
| Loss on extinguishment of debt | (211,018) | - |
| Other income (expense), net | (3,326) | 1,314 |
| Total other income (expense) | (226,190) | (4,351) |
| (Loss) income before income tax expense | (124,346) | 46,779 |
| Income tax benefit (expense) | 32,234 | (11,503) |
| Net (loss) income including noncontrolling interests | (92,112) | 35,276 |
| Net income attributable to noncontrolling interests | (15,243) | (9,723) |
| Net (loss) income attributable to Parsons Corporation | $(107,355) | $25,553 |
| (Loss) earnings per share: | ||
| Basic | $(1.01) | $0.24 |
| Diluted | $(1.01) | $0.23 |
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