Parsons Corp Stock News

CHANTILLY, Va., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the Tennessee Department of Transportation (TDOT) has selected the company to serve as lead designer for the proposed America's River Crossing project, a pivotal infrastructure project aimed at enhancing transportation connectivity and economic growth in the Memphis region. This contract win m...

CHANTILLY, Va., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) has launched the latest version of its DERMS solutions platform, a distributed energy resource (DER) management system and IoT platform. This open standards-based system, available as SaaS or enterprise landed, revolutionizes the integration and realization of the environmental and economic benefits of renewable e...

NEW YORK , Nov. 11, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Parsons Corporation (NYSE: PSN) on behalf of the company's shareholders.  The investigation seeks to determine whether Parsons's directors breached their fiduciary duties in connection with recent corporate actions.

CHANTILLY, Va., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) was recognized as “Contractor of the Year” this week at the 22nd Annual Greater Washington Government Contractor Awards, where the company won the “Contractor of the Year, greater than $300 million” category. The annual event, presented by the Northern Virginia Chamber of Commerce and the Professional Services Coun...

Parsons Corporation's share price surged 78% in the past year, yet it still has room for growth with a one-year price target of $132.62. Analysts expect double-digit earnings growth through 2026, driven by profitable growth, management expertise, and rising free cash flow. Despite competitive pressures, Parsons shows strong Q3 results with record net income, adjusted EBITDA, and cash flow, supp...

Acquisition strategically enhances Parsons' infrastructure capabilities in the Southeast U.S. Acquisition strategically enhances Parsons' infrastructure capabilities in the Southeast U.S.

Parsons Corporation (NYSE:PSN ) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Dave Spille - Senior Vice President, Investor Relations Carey Smith - Chair, President and CEO Matt Ofilos - Chief Financial Officer Conference Call Participants Sheila Kahyaoglu - Jefferies Andrew Wittmann - Baird Cai von Rumohr - TD Cowen Tobey Sommer - Truist Securities Alex Dwye...

Q3 2024 Financial Highlights Record revenue of $1.8 billion increases 28% year-over-year Record organic revenue growth of 26%, including six consecutive quarters with year-over-year organic growth above 20% Record net income increases 52% to $72 million Record adjusted EBITDA increases 31% to $167 million Record cash flow from operations increases by $95 million to $299 million; record trailing...