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battelle.org

Founded Year

1929

Stage

Grant | Alive

About Battelle Memorial Institute

Battelle Memorial Institute is a 501(c)(3) charitable trust headquartered in Columbus, Ohio. Through contract R&D, it supports technology development and commercialization. Its major focuses include Energy, Health and Life Sciences, National Security and Defense, Laboratory Management, and Community and Education. It counts as its successes the development of the office copier machine (Xerox), pioneering work on the compact disc, medical technology breakthroughs, and fiber optic advancements for telecommunications.

Battelle Memorial Institute Headquarter Location

505 King Ave.

Columbus, Ohio, 43201,

United States

800-201-2011

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Expert Collections containing Battelle Memorial Institute

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Battelle Memorial Institute is included in 1 Expert Collection, including Digital Health.

D

Digital Health

13,084 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

Battelle Memorial Institute Patents

Battelle Memorial Institute has filed 1338 patents.

The 3 most popular patent topics include:

  • Chemical processes
  • Industrial gases
  • Gas technologies
patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/2/2018

8/9/2022

Chemical processes, Industrial gases, Biofuels, Waste treatment technology, Synthetic fuel technologies

Grant

Application Date

11/2/2018

Grant Date

8/9/2022

Title

Related Topics

Chemical processes, Industrial gases, Biofuels, Waste treatment technology, Synthetic fuel technologies

Status

Grant

Latest Battelle Memorial Institute News

Parsons Reports First Quarter 2022 Results

May 4, 2022

May 04, 2022 06:37 ET Revenue increases 9% year-over-year to $949 million, includes organic growth of 6% Strong revenue driven by Critical Infrastructure organic growth of 8% and Federal Solutions organic growth of 4% Net income increases 129% to $21 million Adjusted EBITDA increases 8% to $74 million Book-to-bill ratio of 1.0x in Q1 2022; trailing twelve-month ratio of 1.2x Strategic Highlights Hiring and retention momentum continues Awarded three contracts each valued at or more than $100 million Notable ESG recognition, including named as one of the world’s most ethical companies for the 13th consecutive year Reiterates fiscal year 2022 guidance CENTREVILLE, Va., May 04, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced financial results for the first quarter ended March 31, 2022. CEO Commentary “We delivered strong first quarter financial results and continued the momentum established in the second half of 2021. We generated healthy organic revenue growth in both business segments, reported our highest first quarter adjusted EBITDA and operating cash flow since our IPO, won three contract awards over $100 million, maintained our hiring and retention momentum, and continued to be recognized as one of the most ethical companies in the world,” said Carey Smith, chairwoman, president, and chief executive officer. “I remain excited about our future. We are well-positioned in two growing and complementary markets with increasing importance. We also solidified our base of business by winning all major recent recompete contracts, we have over two years of revenue in backlog, and have a strong balance sheet that will enable us to continue to make ongoing organic and M&A investments to drive growth and expand margins.” First Quarter 2022 Results Year-over-Year Comparisons (Q1 2022 vs. Q1 2021) Total revenue for the first quarter of 2022 increased by $74 million, or 9%, to $949 million. This increase was primarily driven by organic growth of 6% due to the ramp-up of recent contract awards. Operating income increased 39% to $36 million primarily due to recent contract awards and increased hiring activity. Net income increased to $21 million. Diluted earnings per share (EPS) attributable to Parsons was $0.19 in the first quarter of 2022, compared to $0.09 in the prior year period. Adjusted EBITDA including noncontrolling interests for the first quarter of 2022 was $74 million, an 8% increase over the prior year period. Adjusted EBITDA margin was 7.8% in the first quarter of 2022, compared to 7.9% in the first quarter of 2021. Adjusted EPS was $0.40 in the first quarter of 2022, compared to $0.34 in the first quarter of 2021. The year-over-year adjusted EBITDA and adjusted EPS increases were driven by recent contract awards and contributions from acquisitions. Segment Results % First quarter 2022 Critical Infrastructure revenue increased $35 million, or 8% (all organic), compared to the prior year period primarily due to the ramp-up of recent contract awards and increased hiring activity. First quarter 2022 adjusted EBITDA including noncontrolling interests decreased by $5 million, or 14%, compared to the prior year period. Adjusted EBITDA margin decreased to 6.9% from 8.7% in the prior year period. These decreases were driven primarily by a change order, which will delay joint venture profits to future periods. First Quarter 2022 Key Performance Indicators Book-to-bill ratio (first quarter): 1.0x on net bookings of $917 million Book-to-bill ratio (trailing twelve-months): 1.2x on net bookings of $4.5 billion. Total backlog: $8.2 billion, a 1% increase from the first quarter of 2021. Cash flow used in operating activities: $26 million, compared to cash used in operating activities of $66 million in the first quarter of 2021. Net Debt: Cash and cash equivalents were $286 million and total debt was $592 million. The company’s net debt to trailing twelve-month adjusted EBITDA leverage ratio at the end of the first quarter of 2022 was 1.0x. The company defines net debt as total debt less cash and cash equivalents. Significant Contract Wins Parsons continues to win large strategic contracts in well-funded areas of national security and critical infrastructure importance. During the first quarter of 2022, the company won three single-award contracts worth approximately $100 million or more each. Awarded an option year exercise for $118 million by the U.S. General Services Administration under the Combatant Commands Cyber Mission Support contract. Under this contract, Parsons will be researching, developing, testing, and evaluating tailored cyber solutions for cyberspace operations, advanced concepts and technologies, and integrating operational platforms. Received $116 million of contract growth on Parsons’ Federal Aviation Administration (FAA) portfolio for modernizing the U.S. National Airspace System and supporting the FAA’s funding increase as part of the Infrastructure Investment and Jobs Act (IIJA). Awarded a new task order to provide testing solutions in response to the COVID-19 pandemic at Department of Homeland Security Immigration and Customs Enforcement facilities across the U.S. This award has a potential total ceiling value, including surge capacity, of more than $100 million. Won two Middle East contracts worth a combined value of over $75 million related to Saudi Arabia’s Vision 2030 to redefine urban living and Industrial Cities within the Kingdom. After the first quarter closed, we received a $149 million contract value increase on a program management contract for the Riyadh Metro program, which is largest metro system development project in the world. After the end of the first quarter of 2022, awarded a $75 million task order contract by a rail customer for a series of infrastructure projects. Parsons remains a leader in the rail transit sector, and the company is pleased to see the strong investments in the future of our nation’s rail system in the Infrastructure Investment and Jobs Act. Additional Corporate Highlights Parsons continues to build on its long-standing commitment to environmental, social, and governance (ESG) initiatives, which is interwoven with the company’s core values and how it operates. During the quarter, Parsons received numerous awards for its diversity and inclusion initiatives and was named as one of the world’s most ethical companies. In addition, the company named Carey Smith as chairwoman of its boad of directors and announced a partnership to address environmental contaminants. Announced that Parsons’ board of directors unanimously elected Carey A. Smith as chairwoman, effective April 14, 2022. Smith will serve as chairwoman, president, and chief executive officer. The board also elected Steven F. Leer to serve as lead independent director effective April 14, 2022. Announced that the company has entered into a collaborative agreement with Battelle Memorial Institute to combine Parsons’ unique per- and polyfluoroalkyl substances (PFAS) investigation approach and tools with Battelle’s patented PFAS analytical and site investigation tools and technologies. The combined capabilities will deliver a unique and highly advanced approach to help clients quickly, efficiently, and cost effectively investigate potential PFAS impacts and understand PFAS liabilities. Recognized as a top 50 employer by Minority Engineer Magazine. This publication selects the top companies in the country for which they would most like to work or whom they believe would provide a positive working environment for engineers who are members of minority groups. Recognized by the Human Rights Campaign with a perfect score on their 2022 Corporate Equality Index (CEI) for active support and inclusion of the lesbian, gay, bisexual, transgender, and queer (LGBTQ+) community. Parsons’ efforts in exceeding all of the CEI’s criteria earned a 100 percent ranking and the designation as one of the Best Places to Work for LGBTQ+ Equality. Recognized by The American Council of Engineering Companies of New York for our initiatives that attract, hire, and promote personal and professional growth opportunities for women, people of color, LGBTQ+ persons and other underrepresented people in the engineering industry in New York. Named by Ethisphere as one of the 2022 World's Most Ethical Companies. The company has been honored with this recognition for 13 consecutive years. Fiscal Year 2022 Guidance The company is reiterating the fiscal year 2022 guidance it issued on February 23, 2022, based on its financial results for the first quarter of 2022 and its current outlook for the remainder of year. The table below summarizes the company’s fiscal year 2022 guidance. $240 million - $280 million Net income guidance is not presented as the company believes volatility associated with interest, taxes, depreciation, amortization and other matters affecting net income, including but not limited to one-time and nonrecurring events and impact of M&A, will preclude the company from providing accurate net income guidance for fiscal year 2022. Conference Call Information Parsons will host a conference call today, May 4, 2022, at 8:00 a.m. ET to discuss the financial results for its first quarter 2022. Listeners may access a webcast of the live conference call from the Investor Relations section of the company's website at www.Parsons.com. Listeners may also access a slide presentation on the website, which summarizes the company’s first quarter 2022 results. Listeners should go to the website 15 minutes before the live event to download and install any necessary audio software. Listeners may also participate in the conference call by dialing +1 866-987-6581 (domestic) or +1 602-563-8686 (international) and entering passcode 3582259. A replay will be available on the company's website approximately two hours after the conference call and continuing for one year. A telephonic replay also will be available through May 11, 2022, at +1 855-859-2056 (domestic) or +1 404-537-3406 (international) and entering passcode 3582259. About Parsons Corporation Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities. Please visit  parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact. Forward-Looking Statements This Earnings Release and materials included therewith contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs, and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: the impact of COVID-19; any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings including litigation, audits, reviews and investigations, which may result in material adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors including under the caption “Risk Factors” in our Annual Report with the Securities and Exchange Commission pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2021, on Form 10-K, filed on February 23, 2022, and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statements made in this presentation that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws. Media: Non-GAAP Financial Information The tables under "Parsons Corporation Inc. Reconciliation of Non-GAAP Measures" present Adjusted Net Income attributable to Parsons Corporation, Adjusted Earnings per Share, Earnings before Interest, Taxes, Depreciation, and Amortization (“EBITDA”), Adjusted EBITDA, EBITDA Margin, and Adjusted EBITDA Margin, reconciled to their most directly comparable GAAP measure. These financial measures are calculated and presented on the basis of methodologies other than in accordance with U.S. generally accepted accounting principles ("Non-GAAP Measures"). Parsons has provided these Non-GAAP Measures to adjust for, among other things, the impact of amortization expenses related to our acquisitions, costs associated with a loss or gain on the disposal or sale of property, plant and equipment, restructuring and related expenses, costs associated with mergers and acquisitions, software implementation costs, legal and settlement costs, and other costs considered non-operational in nature. These items have been Adjusted because they are not considered core to the company’s business or otherwise not considered operational or because these charges are non-cash or non-recurring. The company presents these Non-GAAP Measures because management believes that they are meaningful to understanding Parsons’s performance during the periods presented and the company’s ongoing business. Non-GAAP Measures are not prepared in accordance with GAAP and therefore are not necessarily comparable to similarly titled metrics or the financial results of other companies. These Non-GAAP Measures should be considered a supplement to, not a substitute for, or superior to, the corresponding financial measures calculated in accordance with GAAP. PARSONS CORPORATION

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  • When was Battelle Memorial Institute founded?

    Battelle Memorial Institute was founded in 1929.

  • Where is Battelle Memorial Institute's headquarters?

    Battelle Memorial Institute's headquarters is located at 505 King Ave., Columbus.

  • What is Battelle Memorial Institute's latest funding round?

    Battelle Memorial Institute's latest funding round is Grant.

  • Who are the investors of Battelle Memorial Institute?

    Investors of Battelle Memorial Institute include National Science Foundation.

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