Parsons Corp (NYSE:PSN)
$ 93.43 -0.38 (-0.41%) Market Cap: 9.92 Bil Enterprise Value: 10.86 Bil PE Ratio: 141.56 PB Ratio: 4.29 GF Score: 82/100
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Parsons Corp at Goldman Sachs Industrials & Materials Conference (Virtual) Transcript

May 14, 2020 / 02:30PM GMT
Release Date Price: $39.04 (+0.15%)
Gavin Eric Parsons
Goldman Sachs Group, Inc., Research Division - Associate

Good morning, everyone. This is Gavin Parsons with Goldman Sachs. And I'm pleased to introduce Chuck Harrington, CEO; and George Ball, CFO of Parsons Corporation. They're going to do some prepared remarks, and then we'll do Q&A after. If you would like to send in any questions, my e-mail is [email protected].

So I'll turn it over to Chuck and George.

Charles L. Harrington
Parsons Corporation - Chairman & CEO

Thank you, Gavin. Before I start, I'll make my obligatory declaration that I may be making forward-looking statements. And so the standard forward-looking statement disclosure applies.

I thought I'd just take a couple of minutes and overview Parsons. We're a $4 billion technology company. We have a strong balance sheet, low leverage, about 0.6 turns, so plenty of dry powder. Strong backlog at about 2 years, 16,000 employees, 3,200 cleared, and the majority of those are highly cleared.

We operate in 2 segments: Federal Solutions and

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