Alex Dwyer's questions to Parsons Corp (PSN) leadership • Q4 2024
Question
Alex Dwyer of KeyBanc asked about book-to-bill expectations for the upcoming quarters given the slower procurement cadence and inquired about potential impacts from budget scrutiny on the General Services Administration (GSA) and related contracts.
Answer
CEO Carey Smith stated the company plans for a 1.0x book-to-bill for the year, focusing on converting its $12.4 billion in awarded-not-booked work onto existing contract vehicles. Regarding the GSA, she noted the specific contract in question was already awarded with funding secured. CFO Matt Ofilos added that Parsons maintains over 50 contract vehicles, providing flexibility to move work and maintain customer relationships if any single vehicle were impacted.