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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

CENTREVILLE, Va., May 26, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the Niagara International Transportation Technology Coalition (NITTEC) to provide an innovative artificial intelligence (AI) based regional border transportation management system that will expedite the movement of goods and people around the Buffalo-Niagara bi-national region in Western New York State and Southern Ontario.

Parsons Awarded Contract for AI-Based Smart Mobility System

Parsons Corp (NYSE: PSN) has agreed to acquire Reston, Virginia-based Xator Corp for $400 million. Xator provides mission-focused solutions addressing critical infrastructure protection, national security, and mission training requirements for the U.S. Government worldwide.

Parsons Strengthens Technical Capabilities Via This $400M Deal - Read More For Deails

CENTREVILLE, Va,, May 23, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has entered into a definitive agreement to acquire Xator Corporation in a transaction valued at $400 million. Founded in 2005, Xator expands Parsons' customer base and brings differentiated technical capabilities in critical infrastructure protection, counter-unmanned aircraft systems (cUAS), intelligence and cyber solutions, biometrics, and global threat assessment and operations, increasing the company's addressable market in both the federal solutions and critical infrastructure segments.

Parsons to Acquire Xator Corporation Acquisition enhances critical infrastructure protection, cUAS, and biometric capabilities

CENTREVILLE, Va., May 18, 2022 (GLOBE NEWSWIRE) -- As innovation continues accelerating Parsons Corporation's (NYSE: PSN) growth, the company today unveiled a new, central approach that unifies its digital organization and moves to a new delivery model that reinforces a data-driven focus to delivering digital-enabled solutions: Parsons X.

Parsons X: Accelerating the World's Digital Transformation

CENTREVILLE, Va., May 04, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Carey Smith, Chairwoman, President, and Chief Executive Officer, and George Ball, CFO, will present at the Goldman Sachs Industrials and Materials Conference in New York City on Tuesday, May 10, 2022, at approximately 8:00 a.m. Eastern Time.

Parsons to Present at the Goldman Sachs 2022 Industrials and Materials Conference

Parsons Corporation. (NYSE:PSN ) Q1 2022 Earnings Conference Call May 4, 2022 8:00 AM ET Company Participants Carey Smith - President & CEO George Ball - CFO Dave Spille - VP, IR Conference Call Participants Sheila Kahyaoglu - Jefferies Gavin Parsons - Goldman Sachs Bert Subin - Stifel Financial Corp Cai von Rumohr - Cowen & Company Louie DiPalma - William Blair Tobey Sommer - Truist Securities Ron Epstein - Bank of America Operator Good day, and thank you for standing by.

Parsons Corporation (PSN) CEO Carey Smith on Q1 2022 Results - Earnings Call Transcript

Parsons (PSN) delivered earnings and revenue surprises of 8.11% and 6.97%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Parsons (PSN) Beats Q1 Earnings and Revenue Estimates

Parsons Reports First Quarter 2022 Results

CENTREVILLE, Va., April 22, 2022 (GLOBE NEWSWIRE) -- In celebration of Earth Day, Parsons Corporation (NYSE: PSN) is proud to highlight its focus on diversity, integrity, and sustainability through the release of its 2022 Environmental, Social, and Governance (ESG) report. The report highlights key ESG initiatives the company is undertaking further illustrating Parsons' resilience and agility in delivering for our customers, while conducting business in a responsible manner.

Parsons Accelerates Environmental, Social, And Governance (ESG) Focus

CENTREVILLE, Va., April 13, 2022 (GLOBE NEWSWIRE) -- Polaris Alpha® Advanced Systems, a Parsons Corporation (NYSE: PSN) company, successfully completed critical design review (CDR) at the end of February 2022 for an innovative high-power microwave directed energy system for maritime interdiction. The system is now ready for integration of the full prototype and will complete an operational utility assessment aboard an operational interdiction platform before full operations.

Parsons Delivers Key Milestone for Innovative Directed Energy System

CENTREVILLE, Va., April 07, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release first quarter 2022 financial results before the markets open on Wednesday, May 4, 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 First Quarter 2022 Financial Results on May 4, 2022

CENTREVILLE, Va., March 31, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will highlight innovative capabilities critical to the world's evolving mission requirements at the 37th Space Symposium on April 4-7, 2022, in Colorado Springs, CO. The company has delivered transformative capabilities in the space domain for decades, focusing on end-to-end solutions in command and control; small satellite development and launch; satellite ground operations; space domain awareness; assured position, navigation, and timing (PNT); and satellite resiliency mission areas.

Parsons Transforming the Battlespace at 37th Space Symposium

CENTREVILLE, Va., March 23, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will provide support to the National Security Agency's (NSA) three-day cyber competition – NSA Cyber Exercise (NCX) – designed to enhance the full-spectrum cyber operational capabilities of U.S. Service Academies, senior military colleges, and current employees in NSA development programs. The program will enhance participants' cybersecurity skills, teamwork, planning, communication, critical thinking, and decision-making. The challenge will occur virtually from March 31 to April 2, 2022.

Parsons to Support NSA Cyber Exercise for Next Generation of Cyber Warriors

Booz Allen Hamilton Hld

Jacobs Solutions Inc

Leidos Hld

Stifel on Friday resumed coverage of eight government services stocks and initiated coverage of KBR Inc. as the sector faces increased demand from an elevated threat environment.

The Ratings Game: Stifel relaunches defense stock coverage as Ukraine war rages

Company Honored for 13th Consecutive Year by Ethisphere Company Honored for 13th Consecutive Year by Ethisphere

Parsons Again Named One of the World's Most Ethical Companies

CENTREVILLE, Va., March 10, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Carey Smith, President and CEO, will present at the J.P. Morgan 2022 Industrials Conference in New York City on Wednesday, March 16, 2022, at approximately 4:40 p.m. Eastern Time.

Parsons to Present at the J.P. Morgan 2022 Industrials Conference

Coterra Energy

Ritchie Bros. Auctioneers

Although US stocks traded higher this morning, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain.

Insiders Buy Around $2.8M Of 3 Stocks

CENTREVILLE, Va., March 02, 2022 (GLOBE NEWSWIRE) -- As the world's digital revolution continues accelerating, Parsons Corporation (NYSE: PSN) is prioritizing the culture of flexibility, inclusivity, diversity, and innovation that has guided the organization for 77 years by launching it's new website: Life at Parsons .

Parsons Reimagines the Employee Experience

CENTREVILLE, Va., Feb. 28, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will feature capabilities critical to the U.S. Air Force's evolving mission requirements at the Air Force Association Air Warfare Symposium on March 2-4, 2022, in Orlando, Fla. The company will highlight its all-domain command and control solutions, electronic warfare and laser neutralization systems that keep deployed airmen safe, and revolutionary solutions that advance the Air Force's joint all-domain command and control (JADC2) vision.

Parsons to Highlight Transformational Capabilities at AFA Air Warfare Symposium

Parsons Corporation (PSN) CEO Carey Smith on Q4 2021 Results - Earnings Call Transcript

Parsons (PSN) delivered earnings and revenue surprises of 1.85% and 2.70%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Parsons (PSN) Tops Q4 Earnings and Revenue Estimates

Parsons Reports Fourth Quarter and Full Year 2021 Results

CENTREVILLE, Va., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has entered into a collaborative agreement with Battelle Memorial Institute (Battelle) 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.

Parsons And Battelle Deliver Industry-Leading PFAS Investigation Capabilities

Parsons Corp (NYSE: PSN) has secured a contract to provide main construction management and care & maintenance (MCM-C&M) services at Faro Mine in Faro, Yukon, Canada. The contract could span over 20 years and exceed $2 billion.

Parsons Secures Significant Contract To Continue Managing Faro Mine Remediation

CENTREVILLE, Va., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been awarded a contract to provide main construction management and care & maintenance (MCM-C&M) services at Faro Mine in Faro, Yukon, Canada. Once the world's largest open pit lead-zinc mine, the Faro Mine Remediation Project is one of the largest and most complex abandoned mine clean-up projects in Canada. Parsons' contract could span over 20 years and exceed $2 billion.

News for Parsons Corp Stock (PSN)