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., May 4, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today that the company is implementing digital twin and enhanced 3D modeling technology for the Connecticut Department of Transportation's (CTDOT's) I-91/I-691/Route 15 interchange project.

Parsons and CTDOT Leverage Digital Twin Technology to Improve Interchange

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.

Analysts Estimate Parsons (PSN) to Report a Decline in Earnings: What to Look Out for

CENTREVILLE, Va., April 26, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today that it's working with the Selma Center for Nonviolence, Truth, and Reconciliation on a new architectural lighting design and installation for the Edmund Pettus Bridge in Selma, Alabama.

Parsons and HLB Lighting Design Partner with Selma Center on National Historic Landmark

CENTREVILLE, Va., April 23, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today the release of its 2021 corporate social responsibility (CSR) report.

Parsons Reaffirms Commitment to Delivering a Better World

CENTREVILLE, Va., April 20, 2021 /PRNewswire/ -- The board of directors of Parsons Corporation (NYSE: PSN) has elected Carey Smith as chief executive officer, effective July 1st, 2021.

Parsons Announces CEO Transition

CENTREVILLE, Va., April 16, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the City of Toronto as the owner's engineer and technical advisor for the delivery of the F.G.

Parsons Selected by City of Toronto for Delivery of Gardiner Expressway Rehabilitation Project

CENTREVILLE, Va., April 15, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today that the company's contract has been amended by 94 million CAD ($75 million USD) to manage new work at the Giant Mine in the Northwest Territories, Canada.

Parsons Continues Giant Mine Project With Contract Amendment

CENTREVILLE, Va., April 8, 2021 /PRNewswire/ -- Parsons Corporation (NYSE:PSN) will release first quarter 2021 financial results before the markets open on Wednesday, May 5, 2021.

Parsons to Announce First Quarter 2021 Financial Results on May 5, 2021

CENTREVILLE, Va., April 7, 2021 /PRNewswire/ -- 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.

Parsons to Support NSA Competition Training Future Cyber Warriors

CENTREVILLE, Va., April 6, 2021 /PRNewswire/ -- QRC® Technologies, a Parsons Corporation (NYSE: PSN) subsidiary, is proud to launch the latest solution to unlock the digital battlespace for the U.S. Department of Defense and global allies.

Parsons' GreenFish™ Unlocks the All-Domain Battlespace

Parsons delivered a robust set of medium-term targets at its inaugural investor day.

Parsons: Investor Day Highlights The Case For A Narrowing Valuation Discount

CENTREVILLE, Va., March 29, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) chief executive officer Chuck Harrington will join industry experts on April 6, 2021, to discuss the future of asset management in the critical infrastructure industry.

Parsons CEO Speaking at 2021 Global Infrastructure Innovation Summit

CENTREVILLE, Va., March 23, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) was awarded an indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract by the Defense Intelligence Agency (DIA) for the Solutions for Information Technology Enterprise III (SITE III).

Parsons Awarded $12.6 Billion Ceiling Contract Supporting Intelligence Missions

CENTREVILLE, Va., March 22, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) was awarded a shared ceiling value $250 million indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract by the Naval Information Warfare Center (NIWC) Pacific for research, development, test, and technical engineering for maritime intelligence, surveillance, and reconnaissance (ISR) and information operations.

Parsons Awarded $250 Million Ceiling Seabed-to-Space ISR Contract

CENTREVILLE, Va., March 12, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) executive leaders Carey Smith, president and chief operating officer, and George Ball, chief financial officer, will participate in a question and answer session on Tuesday, March 16, 2021, at approximately 2:50 p.m.

Parsons to Present at the 2021 J.P. Morgan Industrials Conference

CENTREVILLE, Va., March 10, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today that it is continuing to invest in solutions to manage, mitigate and remediate per- and polyfluoroalkyl substances (PFAS), a significant environmental and public health concern that has been found in drinking water sources above the Environmental Protection Agency and individual state health advisory levels.

Parsons Invests in Emerging Contaminants Solutions for Strategic Growth

CENTREVILLE, Va., March 9, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) is developing and deploying artificial intelligence (AI) across a wide array of federal solutions and critical infrastructure projects to solve our customer's most challenging problems, produce actionable intelligence, and improve the user experience.

Parsons Unleashing Artificial Intelligence to Enhance Decision Making, Solve Problems

CENTREVILLE, Va., March 9, 2021 /PRNewswire/ -- As Parsons Corporation (NYSE: PSN) continues delivering a better world, the company announced today the launch of the Cultivating a Responsible Enterprise (CARE) strategy, which reaffirms and formalizes its long-standing and industry-leading...

Parsons Reinforces Environment, Social, and Governance Commitment

CENTREVILLE, Va., March 8, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) was awarded a potential six-year $100 million indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract by the Naval Information Warfare Center (NIWC) Pacific for support in the...

Parsons Awarded $100 Million Ceiling Naval Information Warfare Center Pacific Contract

CENTREVILLE, Va., March 4, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN), a global leader in defense, intelligence, and critical infrastructure technology and solutions, announced today that it will be hosting a virtual Investor Day on Thursday, March 11, 2021. Parsons executives...

Parsons 2021 Investor Day to Highlight Growth Strategy and Innovative Solutions

CENTREVILLE, Va., March 1, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) was awarded an indefinite-delivery, indefinite-quantity (IDIQ) multiple award task order contract by the U.S. Air Force Civil Engineer Center (AFCEC) for architecture engineering capabilities, including...

Parsons Awarded $2 Billion Ceiling Air Force Base Modernization Contract

COVID-19 is taking its toll on this government contractor.

Why Parsons Stock Is Down Today

Parsons Corporation (PSN) CEO Charles Harrington on Q4 2020 Results - Earnings Call Transcript

CENTREVILLE, Va., Feb. 24, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) today announced financial results for the fourth quarter and year ended December 31, 2020. CEO Commentary "We delivered robust cash flow and margins, along with a healthy book-to-bill ratio in the fourth...

Parsons Reports Fourth Quarter and Full Year 2020 Results

CENTREVILLE, Va., Feb. 23, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today that it was named by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2021 World's Most Ethical Companies. The company has been...

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