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Parsons Raises FY24 Sales Guidance From $6.10B-$6.40B To $6.35B-$6.55B Vs. $6.34B Estimate

Author: Benzinga Newsdesk | July 31, 2024 06:32am

Fiscal Year 2024 Guidance

The company is increasing its fiscal year 2024 revenue, adjusted EBITDA, and cash flow from operations guidance ranges to reflect its strong second quarter operating performance and its outlook for the remainder of the year. The table below summarizes the company's fiscal year 2024 guidance.

 

  Current Fiscal Year

2024 Guidance
Prior Fiscal Year

2024 Guidance
Revenue $6.35 billion - $6.55 billion $6.1 billion - $6.4 billion
Adjusted EBITDA including non-controlling interest $555 million - $595 million $535 million - $575 million
Cash Flow from Operating Activities $395 million - $455 million $380 million - $440 million

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