PSN Stock Recent News

Visits to Parsons' three major countries in the Middle East and leadership engagements with the President and the Delegation highlight the company's regional strengths and alignment with Administration priorities Visits to Parsons' three major countries in the Middle East and leadership engagements with the President and the Delegation highlight the company's regional strengths and alignment with Administration priorities

Investors were playing offense with defense stock Parsons (PSN 2.40%) on Hump Day. They were drawn to the company because of a lucrative deal it's signed in the Middle East, and ultimately pushed its stock more than 2% higher in value that day.

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.

COLUMBIA, Md. , May 5, 2025 /PRNewswire/ -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE: PSN), and leading defensive cyber operations solution provider for US national security missions, introduces its first ultra-compact server for high-performance edge computing and commercial cybersecurity protection.

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.

Parsons Corporation (NYSE:PSN ) Q1 2025 Earnings Conference Call April 30, 2025 8:00 AM ET Company Participants David Spille - SVP, IR Carey Smith - Chair, President & CEO Matt Ofilos - CFO Conference Call Participants Andrew Wittmann - Baird Mariana Perez Mora - Bank of America Tobey Sommer - Truist Securities Sheila Kahyaoglu - Jefferies Gautam Khanna - TD Securities Joshua Sullivan - The Benchmark Company Alex Dwyer - KeyBanc Capital Operator Ladies and gentlemen, thank you for standing by, and welcome to Parsons First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Although the revenue and EPS for Parsons (PSN) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

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.

Q1 2025 Financial Highlights Record Q1 revenue of $1.6 billion increases 1% year-over-year; decreases 2% on an organic basis 11% revenue growth excluding confidential contract; increases 7% on an organic basis Record Q1 net income of $66 million increases $26 million year-over-year Record Q1 earnings per share increases 61% to $0.60 Record Q1 adjusted EBITDA increases by 5% to $149 million; record adjusted EBITDA margin of 9.6% increases 40 basis points Strong book-to-bill ratio of 1.1x supported by a 1.4x ratio in the company's Critical Infrastructure segment Total backlog increases to $9.1 billion, a company record Reiterating fiscal year 2025 guidance ranges for all financial metrics CHANTILLY, Va., April 30, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced financial results for the first quarter ended March 31, 2025.

CHANTILLY, Va., April 23, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it has been awarded a contract for Project Management Office (PMO) services by the King Salman Park Foundation for King Salman Park. This 25-month contract marks new work for Parsons. King Salman Park is one of the world's most unique urban transformation projects, featuring 11.6 sq km of green space and over 10 sq km of built-up area. The Park includes cultural landmarks such as the Royal Arts Complex and a vibrant 7.2 km pedestrian walkway known as The Loop, among many other assets. All these elements are designed to support Saudi Vision 2030's “Quality of Life” Program.