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.

CENTREVILLE, Va., Aug. 18, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) has completed all necessary steps to begin the treatment of radioactive waste at the Department of Energy's (DOE) Salt Waste Processing Facility (SWPF) in Aiken, SC.

Parsons Completes Requirements for Operations at Salt Waste Processing Facility

CENTREVILLE, Va., Aug. 17, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) (the "Company") announced today the pricing of its private offering of $350.0 million aggregate principal amount of its 0.25% convertible senior notes due 2025 (the "notes").

Parsons Announces Pricing Of $350.0 Million Of Convertible Senior Notes Due 2025; Enters into Concurrent Hedging and Warrant Transactions to Offset Potential Dilution

Parsons Corporation (PSN) CEO Chuck Harrington on Q2 2020 Results - Earnings Call Transcript

CENTREVILLE, Va., Aug. 7, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today the promotion of Hector Cuevas to executive vice president, missile defense and C5ISR market leader.

Parsons Promotes Cuevas to Lead Missile Defense & C5ISR Market

Parsons (PSN) delivered earnings and revenue surprises of 2.08% and -1.22%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Parsons (PSN) Q2 Earnings Surpass Estimates

CENTREVILLE, Va., Aug. 5, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) today announced financial results for the second quarter ended June 30, 2020.

Parsons Delivers Strong Second Quarter 2020 Operating Earnings and Cash Flow Results

CENTREVILLE, Va., Aug. 3, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) has been awarded the James S.

Parsons Awarded James S. Cogswell Industrial Security Achievement Award

CENTREVILLE, Va., July 30, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) will present at the Jefferies Virtual Industrials Conference.

Parsons to Present at the Jefferies Virtual Industrials Conference

Parsons (PSN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Parsons (PSN) Reports Next Week: Wall Street Expects Earnings Growth

CENTREVILLE, Va., July 28, 2020 /PRNewswire/ -- Parsons Corporation (NYSE:PSN) has been named a Top 50 employer in science, technology, engineering and math (STEM) diversity for the fifth consecutive year by STEM Workforce Diversity Magazine.

Parsons Named a 2020 Top 50 Company for Diversity

CENTREVILLE, Va., July 27, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today that Chief Executive Officer Chuck Harrington has been named to the Quality of Life Plus (QL+) Board of Directors.

Parsons CEO Charles Harrington Named to Quality of Life Plus Board of Directors

CENTREVILLE, Va., July 21, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) and Neology, Inc.

Parsons and Neology Partner to Pursue Smart Mobility Opportunities

CENTREVILLE, Va., July 6, 2020 /PRNewswire/ -- Parsons Corporation (NYSE:PSN) was awarded a $178 million, five-year indefinite delivery/indefinite quantity (ID/IQ) contract by the Intelligence Community (IC). "For decades, Parsons has advanced the mission security and capabilities of our...

Parsons Awarded $178M Intelligence Contract

CENTREVILLE, Va., June 29, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today the appointments of Gen. Darren W. McDew, U.S. Air Force (ret.), and David C. Wajsgras to the company's board of directors, effective immediately. Their appointments follow Letitia Long's...

Gen. McDew, Wajsgras Appointed to Parsons' Board

CENTREVILLE, Va., June 15, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) today announced Grid Armor™, a predictive resiliency solution that helps utility companies improve operational efficiency and better respond to and prevent potential catastrophic events, such as wildfires and...

Parsons Adds Resilience to Wildfire Mitigation and Utility Infrastructure Protection

CENTREVILLE, Va., June 10, 2020 /PRNewswire/ -- Parsons Corporation (NYSE:PSN) has been awarded a $950,000,000 ceiling indefinite-delivery/indefinite-quantity contract for the maturation, demonstration and proliferation of capabilities across platforms and domains, leveraging open systems...

Parsons Selected for U.S. Air Force ABMS Contract

CENTREVILLE, Va., June 3, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) will present at the Stifel 2020 Virtual Cross Sector Insight Conference. Chuck Harrington, Chairman and Chief Executive Officer, and George Ball, Chief Financial Officer, will participate in a fireside chat...

Parsons to Present at the Stifel 2020 Virtual Cross Sector Insight Conference

CENTREVILLE, Va., June 1, 2020 /PRNewswire/ -- Parsons Corporation (NYSE:PSN) today announced the company's new Intelligent Intersections solution, which uses advanced analytics and algorithms to reduce congestion and improve mobility around cities. Using data already being generated at...

Parsons Asks: What Happens to Traffic When the World Goes Back to Work?

CENTREVILLE, Va., May 18, 2020 /PRNewswire/ -- Parsons Corporation (NYSE:PSN) today announced that the company has partnered with Fraunhofer USA to develop and commercialize a diamond electrode biosensor for direct and rapid detection of SARS-CoV-2, the virus that causes coronavirus...

Parsons Developing Digital Coronavirus Detector

Parsons Corporation (PSN) CEO Charles Harrington on Q1 2020 Results - Earnings Call Transcript

Parsons (PSN) delivered earnings and revenue surprises of -36.54% and 4.18%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Parsons (PSN) Lags Q1 Earnings Estimates

Earnings Preview: Parsons (PSN) Q1 Earnings Expected to Decline

As of late, it has definitely been a great time to be an investor in Parsons.

Parsons's Shares March Higher, Can It Continue?

Parsons Prepares For Growth Despite Economic Headwinds

TransDigm

Insiders in many companies have been furiously dumping stock over the last month, but there are exceptions.

News for Parsons Corp Stock (PSN)