Parsons Corp Stock News

Acquisition enhances Parsons' cybersecurity, electronic warfare, and artificial intelligence capabilities Acquisition enhances Parsons' cybersecurity, electronic warfare, and artificial intelligence capabilities

COLUMBIA, Md. , Aug. 7, 2024 /PRNewswire/ -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE: PSN), and leading provider of edge computing and defensive cybersecurity solutions, is proud to announce it has been awarded a $9,588,231 fixed-price contract for the U.S. Army's Deployable Defensive Cyber Operations System – Modular version 2 (DDS-Mv2).

Parsons beat expectations for the quarter and raised guidance for the year. The company also announced an acquisition designed to bolster future growth.

Parsons Corporation (NYSE:PSN ) Q2 2024 Earnings Conference Call July 31, 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 Tobey Sommer - Truist Securities Bert Subin - Stifel Alex Dwyer - KeyBanc Capital Andrew Wittma...

Q2 2024 Financial Highlights Record revenue of $1.7 billion increases 23% year-over-year Strong second quarter organic revenue growth of 22%, including five consecutive quarters with year-over-year organic growth above 20% Record net income of $69 million increases 60% Record adjusted EBITDA increases 27% to $150 million Record cash flow from operations increases $138 million to $161 million; r...

CHANTILLY, Va., July 29, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company will serve as lead designer and a subconsultant to Elevate Inglewood Partners (“EIP”), a public-private partnership consortium comprised of Plenary Americas US Holdings, Inc. (equity member), Tutor Perini Corporation (lead contractor), Woojin Industrial Systems Co., Ltd. (automated...

CHANTILLY, Va., July 26, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company, in a joint venture with Vanir, was selected by the Sacramento County Department of Airports to provide construction management and inspection (CMI) services in support of the Sacramento International Airport (SMF) SMForward Program. The $30 million, five-year contract engages Pars...

CHANTILLY, Va., July 25, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the Indiana Department of Transportation (INDOT) for continued support of the I-69 Ohio River Crossing (ORX) project. The five-year, $26 million contract was expanded to include design oversight and construction inspection services for I-69 ORX Section 3, which stre...