Earnings Dave. Welcome Call. Quarter to you, Parson's XXXX Thank First
how varying measure has of challenges humankind but businesses had to COVID-XX times pandemic. has rise the a has true not reminds It the want and around to us COVID-XX of of is our normalcy of of adversity. been everyone that our by First, tragic taken we in the the the many and that's responses world. health families many more. lives impacts been to disrupted individuals sympathies for outbreak the further express I event. It deepest This impacted
revenues our staffing offsetting we've that And a financials hours of and at areas Where occur, less result increases have very us approximately had Parsons, by have with than fortunate on a were impacts other been X% impacts in to both in down billable plans as to work were did communications as X%. compensated Those to have been been did arise safe our returning consistent and impact in down COVID-impacted minimal the manner, customers and COVID-XX. processes CDC guidelines. to by with
assume and working evolve the we're through as accordingly. to this recognize progress We in environment fluid environment. We will planning we continue pandemic, a we're scenario-planning
or that of I any earlier, nor As our material experienced displacement fortunate contract stated we employees. delays cancellations not are we've major
public during mission-critical Our this emergency, maintain and customers have health been to programs. their policies enacted they supported
as against mission-critical, well. Act additionally, the or productivity. who work agencies identified legislation government has our full-time the CARES It as federal closures a work an site on effective Defense have personnel perspective, industry employees reimburse or to and enables of From basis lost cannot tool to policies is helped work due contractors quarantines. that Department remote And a that
our by our to These efforts customers enacted are nation. beneficial
security industrial importantly, First, it's to cyber, financially ongoing in personnel they also the our remain to management space employed. competition allow government's of industrial maintained remain defense specialized the allowed Perhaps most technical highly federal for be stable. the base missile defense defense They've employers and and allowed supremacy. base national to
residents future healthy our overwhelming each Infrastructure, predominance contributing of our the been security, of projects, while to economic large projects These complex to the the lifestyles Regarding Critical and safety, date. region's deemed and have programs mission-essential nature improve for given growth. mobility
promoted COVID-XX. proactively proactively we're In ensured telework, our coverage from impacts contractual potential resources. customers, programs realized we and we to redeployed and our the addressing -- partnership Internally, with
As ongoing to impacts most not of our stated hours billable recent date, our this and impacted previously, has immaterial I integration in resulted acquisition. has to
development We We while to our to continue and to business strategy identify employees. proposal bid opportunities our to further programs and flexed align with policies investments and our budgets. maximize our growing overhead benefits our
support The president's align missile space our primary XXXX need to learning, February appear these with markets intelligence competencies position strategy. request defense were budget in in Parson's appropriations and cyber, occur, for continues by still released have all current support and we're to technologies. funding. hypersonics, key core Authorization and congressional prioritized machine artificial in and and encouraged to and but defense bipartisan our
record first quarter to invested move internal our high-end and Federal reported market won in our Solutions plan, revenue, Now achieved and processes financial We our quarter work results. our first technologies. people, I'll QX profitability above in
continue addition, in maintain strongest the In we industry. of to balance one sheets the
were In plan. first terms growth Critical results, organic all and our of which includes in we of Solutions delivered of of X%, revenue which our X.X% in quarter internal financial ahead total growth Federal Infrastructure, XX%
been EBITDA QX of adjusted which which, an XXXX, X.Xx although X.Xx, quarter; achieved each historically quarter also exceeded the below margin lowest year was driven by a margin and as Solutions. of plan our ratio internal has our We of X.X%, in first Federal book-to-bill
due in with of quarter first both seasonality invest and impact expenditures new strategically historically teams of were offset sure the up make lightest adjusted to execution combined revenue our EBITDA overhead to we strong COVID business. our and won of contracts, revenue quarter. lower and our X% contracts approximately aligned by from operationally award Parsons' are This and new ramping for the upcoming revenue The generally is and is recently were that year. fees,
We in we're this organic our guidance and quarter year. our revenue maintaining double-digit reported issued business, consecutive growth Solutions earlier of Federal our second
continue be and portfolio has diversified strength. been will and to balanced Our a
between and customers in revenue Our almost our both have is evenly split stable now financially government segments. we businesses, X
other million cyber to Our Federal win approximately by and classified X execute pursuits of continued posting key each strong won rates. winning well contracts and Solutions team contracts. We single-award $XXX
solutions markets. our we business both important wins Additionally, mobility connected communities in contract had in and Critical Infrastructure
in ensure competitive our we're indicated collectively last growth. that recruiting, call quarter, edge and and development and our XXXX. in critical in investments investing our and talented higher-growth our maintain that we processes research employees. conference people, development, areas retention growth, we drive drive increasing our higher-margin This We're including and of future markets technologies in business As in will training our
we Federal Additionally, our markets. Solutions accelerate key in added to recently have strategic support and executives growth
by in selective strategically strong strategic prudent our maintained M&A and our targets sheet We've being our investments. balance in
we've As low $XXX leverage million over capacity. undrawn revolver and a of result, maintained
to positions Our strong financial backlog, deep weather uncertainties. our combined well position, us COVID-XX with
recognition Parson's and innovation, integrity its core was commitment In IT aspect A to leadership. key once of of to our culture our is recognized Parsons for again commitment and values. ethics
defining list year, the named Companies. We were companies. world's CIO most also and consecutive the For the ethical XXth business and practices, XXX -- advancing defending global in as to leader in standards Most Parsons named one of of of Ethisphere, innovative XXXX Ethical a World's the
employees to customers Building these on communities these core during challenging values, and support times. I'm have truly the provided inspired our our by
in in solutions from abnormal President referring others crisis. Officer, are and and COVID-XX. and focus Operating the These environment will Smith, new well-being help have on resulted as our as many any future to new Chief of and Our Carey development what operating the pandemic as market that of the will deployment our safety capabilities employees and well we discuss
and public Parsons of safety employees Epitomizing U.S. I both to values proud effort across I'm team our innovation, an critical COVID-XX. also missions. face that core of am to enabling the the care areas our safe print them our These to masks our grateful employees and municipal so XD of while health the for masks team our customers' perform initiated employees a professionals. to keep prevent sanitize working spread help with client for
a employees corporate our of XX-year always look we to and of foundation been fulfilling At COVID-XX the of history that excellence, purpose upholding better world. our have Parsons, and legacy during forward delivering our
the corporate Finally, report I published April on Day, to Earth responsibility we XX. want social highlight
adhering our customers' Our through report value our our to delivering part ethical successfully carbon sustainability standards. and closely is support, our mission society and impact, This CSR, of of better culture, corporate by an reducing world. to to charitable the illustrates level integral our while our improving and missions core a of to to commitment our tied corporate delivering inclusion diversity initiatives on our highest
strong significant large when risen on to won also we in of technologies; solid and balance our in quarter. true the leaders team while Parsons employees. It growth; summary, I'm a had plan; our of customers' invested communities times way has our challenge and for high-end I'm contracts; first turbulence reported the revenue achieved and emerge, and organic technical the profitability We protected thankful delivering of proud very missions. our is In and internal results maintained strong our sheet. processes people, our ahead
financial over our turn quarter I'll our to George Ball, that, With the Financial highlights. George? call Chief to discuss Officer, first
