Parsons Corp Stock News

Parsons Corporation ( PSN ) Q3 2025 Earnings Call November 5, 2025 8:00 AM EST Company Participants David Spille - Senior Vice President of Investor Relations Carey Smith - President, CEO & Chairwoman Matt Ofilos - Chief Financial Officer Conference Call Participants Sangita Jain - KeyBanc Capital Markets Inc., Research Division Andrew J. Wittmann - Robert W.

Q3 2025 Financial Highlights  Q3 revenue of $1.6 billion decreased 10% year-over-year and 14% on an organic basis Revenue growth of 14% excluding confidential contract; 9% on an organic basis Q3 net income of $64 million decreased $8 million year-over-year Q3 adjusted EBITDA decreased 5% to $158 million; adjusted EBITDA margin of 9.8% increased 60 basis points Book-to-bill ratio of 1.0x and con...

Newport sold 1,119,023 shares, with an estimated transaction value of $86.5 million based on the quarterly average price. The transaction represented approximately 0.2% of the fund's 13F reportable assets under management The position remains the fund's 4th-largest holding, accounting for 9.63% of reportable AUM.

Parsons Corporation remains a Buy as strong fundamentals and a large backlog offset concerns about federal spending cuts and a confidential contract. PSN's Q2-2025 results were affected by a confidential government contract, but core business segments showed robust growth and significant new contract wins. Management raised 2025 guidance for revenue, adjusted EBITDA, and cash flow, with Wall St...

Awards underpin company's unique position to deliver comprehensive defense and critical infrastructure solutions to global customer base Awards underpin company's unique position to deliver comprehensive defense and critical infrastructure solutions to global customer base

CHANTILLY, Va., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a contract for Phase 2 of the Diriyah project by Diriyah Company, a Public Investment Fund (PIF)-owned company in the first half of 2025. This $56 million (SAR 210 million), 5-year contract represents new work for Parsons Corporation.

CHANTILLY, Va., Oct. 24, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was awarded a seat on the Worldwide Expeditionary Multiple Award Contract (WEXMAC), Territorial Integrity of the U.S. (TITUS) 2.1 by the U.S. Naval Supply Systems Command. This $10 billion ceiling value Indefinite Delivery Indefinite Quantity (IDIQ) contract provides critical suppl...

CHANTILLY, Va., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) will release third quarter 2025 financial results before the markets open on Wednesday, November 5, 2025. 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.