CHANTILLY, Va., May 13, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today, on the sidelines of the Saudi-US Investment Forum in Riyadh, that the company has been awarded two Delivery Partner (DP) contracts by the King Salman International Airport Development Company (KSIADC) which is owned by the Public Investment Fund. These significant contracts represent new work for the company and span the initial four years of the airport's multi-year development. The first contract is for airf ...

CHANTILLY, Va., May 02, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will showcase its latest innovations supporting the operational imperatives of United States Special Operations Forces at SOF Week, May 5-8, in Tampa, Florida. The company will present a dynamic range of solutions designed to transform irregular warfare and enhance autonomous search and rescue operations. Highlights include the powerful, next-generation mobile identity and biometrics platform, AresNXT, along with key technologi ...

For the quarter ended March 2025, Parsons (PSN) reported revenue of $1.55 billion, up 1.2% over the same period last year. EPS came in at $0.78, compared to $0.70 in the year-ago quarter.The reported revenue represents a surprise of -3.45% over the Zacks Consensus Estimate of $1.61 billion. With the consensus EPS estimate being $0.74, the EPS surprise was +5.41%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next m ...

Parsons (PSN) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.41%. A quarter ago, it was expected that this software and infrastructure services provider would post earnings of $0.92 per share when it actually produced earnings of $0.78, delivering a surprise of -15.22%.Over the las ...

Parsons (PSN) Q1 2025 Earnings Call April 30, 2025 08:00 AM ET Speaker0 Ladies and gentlemen, thank you for standing by and welcome to Parsons First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. Please be advised th ...

Parsons (PSN) Q1 2025 Earnings Call April 30, 2025 08:00 AM ET Company Participants Dave Spille - SVP, IRCarey Smith - President, CEO & ChairwomanMatt Ofilos - CFOMariana Pérez Mora - DirectorTobey Sommer - Managing DirectorSheila Kahyaoglu - Aerospace & Defense and Airlines Equity ResearchAlex Dwyer - AVP - Equity Research Conference Call Participants Andrew Wittmann - Senior Research AnalystGautam Khanna - AnalystJosh Sullivan - Managing Director & Equity Research Analyst Operator Ladies and gentlemen, th ...

FIRST QUARTER 2025 Earnings Conference Call Presentation April 30, 2025 FORWARD LOOKING STATEMENTS This presentation 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 statem ...

WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-07782 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Parsons Corporation (Exact Name of Registrant as Specified in its Charter) Delaware 95-3232481 (State or other jurisdiction ...

Parsons Reports Record First Quarter 2025 Results Exhibit 99.1 Total revenue for the first quarter of 2025 increased by $19 million, or 1%, to $1.6 billion and was down 2% on an organic basis. Excluding the company's confidential contract, total revenue growth was 11% and organic revenue growth was 7% driven by double-digit growth in Parsons' cyber, transportation, and environmental remediation markets. Operating income increased 7% to $109 million primarily due to stronger program performance and a decreas ...

Q1 2025 Financial Highlights Record Q1 revenue of $1.6 billion increases 1% year-over-year; decreases 2% on an organic basis11% revenue growth excluding confidential contract; increases 7% on an organic basisRecord Q1 net income of $66 million increases $26 million year-over-yearRecord Q1 earnings per share increases 61% to $0.60Record Q1 adjusted EBITDA increases by 5% to $149 million; record adjusted EBITDA margin of 9.6% increases 40 basis pointsStrong book-to-bill ratio of 1.1x supported by a 1.4x ratio ...