Parsons Corp

Parsons Corp. provides engineering, design, planning, and construction management services. It offers solutions for commercial, federal, transportation, and water resources. It delivers engineering, construction, systems and resource integration, project and program management, and environmental services to customers. It operates through Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment is involved in advanced technologies, including cybersecurity, missile defense systems, C5ISR, space launch and situational awareness, geospatial intelligence, RF signals intelligence, nuclear and chemical waste remediation, and engineering services. The Critical Infrastructure segment offers integrated design and engineering services for complex physical and digital infrastructure around the globe. The company was founded by Ralph Monroe Parsons on June 12, 1944 and is headquartered in Centreville, VA.

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Parsons Corp achieves record revenue in Q4 2022 earnings call

Parsons Corp reported strong financial performance in Q4 2022, with record revenue, adjusted EBITDA, and solid cash flow. The company's 2023 priorities include winning new projects, expanding margins, and acquiring accretive assets.
Despite challenges such as unfavorable rate impacts and revenue recognition complexities, Parsons remains optimistic about growth opportunities in various segments. The company's focus on federal solutions and critical infrastructure aligns with market demands and growth expectations.
With a positive outlook for continued growth and opportunities, Parsons Corp is well-positioned to capitalize on infrastructure programs in North America and drive organic revenue growth. Strategic planning and execution will be crucial in navigating challenges and maximizing opportunities.

Parsons Corp reports record Q1 revenue and strong contract wins

Parsons Corp had a strong start to the year, setting records in revenue and financial metrics, while also expanding capabilities through acquisitions. The company faces challenges in legacy contract phase-outs but sees opportunities in geopolitical demand and future bookings potential.

Parsons Corp achieves record Q2 results, eyes strategic expansion

Parsons Corp's Q2 2023 performance reflects exceptional growth in revenue, EBITDA, and contract wins, positioning the company for continued success.
Despite facing challenges such as uncertain budget environments and M&A constraints, Parsons remains confident in its operational capabilities and growth strategies.
With a strong backlog, robust pipeline, and strategic acquisitions, Parsons is well-positioned to capitalize on opportunities for expansion and market growth.

Parsons Corp reports record Q3 results and strengthens cyber capabilities

Parsons Corp delivered exceptional financial performance, raised guidance, and secured significant contract wins across key sectors.
The company's strategic acquisitions in cyber operations and transportation engineering position it well for future growth.
Despite potential challenges like margin pressures and hiring difficulties, Parsons is optimistic about its growth prospects and market positioning.

Parsons Corp achieves record 2023 results, eyes strategic acquisitions

Parsons Corp delivered exceptional financial performance in 2023, driven by strong revenue growth and strategic acquisitions. The company's focus on M&A for capital deployment and technology enhancement presents opportunities for further growth. Challenges include maintaining margin accretion post-acquisition and ensuring all segments meet organic growth targets.

Parsons Corp achieves record Q1 results, eyes global expansion

Parsons Corp's Q1 2024 earnings call showcased exceptional performance, strong financials, and a strategic focus on growth. Despite challenges in hiring for Federal projects, the company is well-positioned for expansion with a robust pipeline and acquisition plans.

Parsons Corp achieves record Q2 results, eyes growth in critical sectors

Parsons Corp's Q2 2024 earnings call highlighted exceptional financial performance, strategic acquisitions, and recognition for innovative solutions. The company's focus on high-value solutions, strong market presence in critical sectors, and robust growth strategies position it well for continued success and expansion.

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Parsons Corp. is a disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. It operates through the Federal Solutions and Critical Infrastructure segments. The Federal Solutions segment is involved in advanced technologies, including cybersecurity, missile defense systems, C5ISR, space launch and situational awareness, geospatial intelligence, RF signals intelligence, nuclear and chemical waste remediation, and engineering services. The Critical Infrastructure segment offers integrated design and engineering services for complex physical and digital infrastructure around the globe. The company was founded by Ralph Monroe Parsons on June 12, 1944 and is headquartered in Chantilly, VA.

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CENTREVILLE, Va., Jan. 05, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company's BlackHorse Solutions subsidiary won a $12 million contract from the Defense Advanced Research Projects Agency (DARPA) for a research project under the Signature Management using Operational Knowledge and Environments (SMOKE) program. The cost-plus-fixed-fee contract represents new work for the company and was secured through a competitive acquisition process.

Parsons' Unleashing The Future Of Military Cyber Infrastructure Company Wins DARPA SMOKE Contract

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CENTREVILLE, Va., Dec. 15, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a position on a $95 million indefinite-delivery, indefinite-quantity multiple award contract by Naval Facilities Engineering Systems Command (NAVFAC) Atlantic. The task order contract includes a base period of one year and four one-year option periods and represents new work for the company.

Parsons Wins Seat on $95 Million Global NAVFAC Contract to Plan US Navy Infrastructure

CENTREVILLE, Va., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the US Army Operations and Intelligence Division of the C5ISR Center has selected the company to provide Intelligence Development Enabled Awareness (IDEA) research, development, integration, enhancement, transition, deployment, and sustainment of designated intelligence software systems. The $49 million Responsive Strategic Sourcing for Services (RS3) indefinite-delivery, indefinite-quantity (IDIQ) task order award includes a three-year period of performance and is new work for Parsons.

Parsons Awarded $49 Million Contract To Support U.S. Army Intelligence S&T Programs

Company Receives HIRE Vets Medallion Program Award From Department of Labor Company Receives HIRE Vets Medallion Program Award From Department of Labor

Parsons Continues Dedication to Veterans

CENTREVILLE, Va., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected to conduct remedial investigations and feasibility studies at Army National Guard Facilities where aqueous film forming foam or other per- and polyfluoroalkyl substances (PFAS) releases have occurred. The $28 million, firm-fixed price, eight-and-a-half-year contract was awarded by the U.S. Army Corps of Engineers, Baltimore District, under the Huntsville U.S. Army Engineering and Support Center contract, Emerging Environmental Requirements Acquisition (EERA).

Parsons Awarded $28M Task Order for PFAS Investigation at Army National Guard Facilities

Parsons Corporation (NYSE:PSN ) Q3 2022 Earnings Conference Call November 2, 2022 8:00 AM ET Company Participants Dave Spille - Vice President, Investor Relations Carey Smith - Chair, President & Chief Executive Officer Matt Ofilos - Chief Financial Officer Conference Call Participants Greg Konrad - Jefferies Bert Subin - Stifel Mariana Perez Mora - Bank of America Tobey Sommer - Truist Josh Sullivan - The Benchmark Company Cai von Rumohr - Cowen Louie DiPalma - William Blair Gavin Parsons - Goldman Sachs Operator Good morning, and welcome to the Q3 2022 Parsons Corporation Earnings Conference Call. All participants will be in a listen-only mode.

Parsons Corporation (PSN) Q3 2022 Earnings Call Transcript

Parsons (PSN) delivered earnings and revenue surprises of -4% and 7.98%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Parsons (PSN) Q3 Earnings Miss Estimates

Parsons Reports Strong Third Quarter 2022 Results

CENTREVILLE, Va., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) is leveraging their qualifications as a provider of detailed design and transit planning services to guide transit agencies through new fleet electrification and zero emission vehicle (ZEV) initiatives. The company was recently awarded several multi-million-dollar projects to provide fleet electrification and zero emission vehicle design and transit planning services for departments of transportation in three states.

Parsons Charges Up Zero Emission Vehicle and Fleet Electrification Business

Satellite and missile defense contractor Parsons looks to rocket higher, with accelerating growth ahead of next month's earnings. The post WWII-Forged Defense Firm Aims to Launch Breakout As Growth Accelerates appeared first on Investor's Business Daily.

WWII-Forged Defense Firm Aims to Launch Breakout As Growth Accelerates

CENTREVILLE, Va., Oct. 19, 2022 (GLOBE NEWSWIRE) -- The National Oceanic and Atmospheric Administration (NOAA) has selected a team led by Parsons Corporation (NYSE: PSN) to provide engineering services, information technology functionality, and flight operations support to assume on-orbit operations for the Polar Operational Environmental Satellites (POES) NOAA-15, NOAA-18, and NOAA-19. The $16 million definitive contract has a one-year performance period and two one-year option periods and is new work for Parsons.

NOAA Awards Parsons Team $16 Million Contract For Polar Operational Environmental Satellites Operations

CENTREVILLE, Va., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company will serve as lead designer and subconsultant to the construction joint venture led by Tutor Perini Corporation (NYSE: TPC) that has been selected by Accelerate Maryland Partners to design and construct Phase 1 South of the New American Legion Bridge I-270 Traffic Relief Plan. This contract represents new work for Parsons.

Parsons Serves as Lead Designer for New American Legion Bridge I-270 Traffic Relief Plan

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CENTREVILLE, Va., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release third quarter 2022 financial results before the markets open on Wednesday, November 2, 2022. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and strategic corporate initiatives.

Parsons to Announce Third Quarter 2022 Financial Results on November 2, 2022

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CENTREVILLE, Va., Sept. 28, 2022 (GLOBE NEWSWIRE) -- The Missile Defense Agency (MDA) has selected Parsons Corporation (NYSE: PSN) to continue engineering advisory and assistance support for planning, design, and construction through a $104 million ceiling-value cost plus fixed fee (CPFF) Technical, Engineering, Advisory, and Management Support (TEAMS)- Next Facilities Lifecycle Management contract. The contract contains a three-year base period with two option period years, and one six-month option.

Parsons Continues Delivering Engineering Support for the Missile Defense Agency's Modern, Sustainable Infrastructure Under $104 Million Contract

CENTREVILLE, Va., Sept. 20, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) was selected by U.S. Army Combat Capabilities Development Command, Chemical Biological Center (DEVCOM CBC) for an award on its Scientific, Technical Engineering, and Program Support Services (STEPSS) indefinite delivery, indefinite quantity (IDIQ) contract. The 10-year IDIQ, a multiple award contract with a program ceiling value of $869 million, will support the U.S. Army by providing acquisition life-cycle chemical and biological defense research, development, test, and evaluation support.

Parsons Supporting U.S. Army Chemical and Biological Defense

CENTREVILLE, Va., Sept. 19, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will highlight industry-leading intelligent transportation solutions (ITS) that are helping cities around the world move safer, faster, and smarter during ITS World Congress on Sept. 18-22, 2022, in Los Angeles.

Parsons Showcasing AI-Enabled Traffic Management at ITS World Congress

Sidus Space

CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--Sidus Space, Inc. (NASDAQ:SIDU), a Space-as-a-Service company focused on mission critical hardware manufacturing combined with commercial satellite design, manufacture, launch, and data collection, is proud to announce that it will continue producing hardware to support Parsons Corporation's (NYSE: PSN) Tranche 1 (T1) launch. As part of this arrangement, Sidus Space will fabricate flight cables for Parsons evolved secondary payload adapter (ESPA) ring on T

Sidus Space Will Continue Producing Hardware That Will Support Parsons Tranche 1 Launch

The 15th Annual TAPS Golf Outing Occurred on Sept. 8, 2022 The 15th Annual TAPS Golf Outing Occurred on Sept. 8, 2022

Parsons and TAPS Continue Partnership in Support of Military Families

CENTREVILLE, Va., Sept. 08, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been selected to continue providing enterprise construction management services (ECMS) to the Department of Energy (DOE) and National Nuclear Security Administration (NNSA) through a $160 million ceiling-value blanket purchase agreement (BPA) contract. The BPA contains a one-year base period with four option period years and is the company's third consecutive ECMS contract supporting the organization's national defense and security missions.

Parsons Team Awarded $160 Million Contract To Support DOE And NNSA Missions

CENTREVILLE, Va., Sept. 08, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Carey Smith, chair, president, and chief executive officer, and Matt Ofilos, chief financial officer, will present at the 2022 Morgan Stanley 10th Annual Laguna Conference in Dana Point, California on Wednesday, September 14, 2022, at approximately 1:25 p.m. Pacific Time (4:25 p.m. Eastern Time).

Parsons to Present at The Morgan Stanley 10th Annual Laguna Conference

Parsons (NYSE: PSN ) stock offers broad exposure to a number of high-conviction niche tech markets. There are a number of possible angles that should appeal to Parsons' investors, from satellite solutions to missile defense, and possibly even quantum computing.

News for Parsons Corp Stock (PSN)