Parsons Corporation (PSN) Q4 2019 Earnings Call Transcript

Parsons Corporation (PSN) Q4 2019 Earnings Call Transcript

Parsons Corporation ( NYSE:PSN ) Q4 2019 Earnings Call Mar 10, 2020 , 8:00 a.m. ET. [Operator instructions] Please be advised that today's conference is being recorded.. Good morning, and thank you for joining us today to discuss our fourth-quarter and fiscal-year 2019 financial results.. On the call with me today are Chuck Harrington, chairman and CEO; George Ball, CFO; and Carey Smith, president and chief operating officer.. Management will also make reference to non-GAAP financial measures during this call.. Our Federal Solutions business achieved strong organic revenue growth, and we produced significant margin expansion across the enterprise.. Our strong sales performance resulted in growth of our backlog from last year and resulted in a trailing 12-month book-to-bill ratio of 1.1.. Our employees continued to exemplify their passion for delivering a better world.. And with the strong performance, Federal Solutions now represents 48% of Parsons' revenue, up from 43% in the same quarter of last year.. We reported strong organic revenue growth, driven by solid program execution.. Regarding sales in our Federal Solutions business, we continued to perform extremely well.. Our cyber and intelligence business led the corporation with new and recompete win rates of 90% and 100%, respectively.. And