PSN - Earnings announcements

Q1 2026 Financial Highlights  Q1 revenue of $1.5 billion decreased 4% year-over-year and 8% on an organic basisRevenue growth of 8% excluding confidential contract; 3% on an organic basisNet income of $53 million decreased $13 million year-over-yearAdjusted EBITDA increased 1% to $151 million, a Q1 recordAdjusted EBITDA margin expanded 50 basis points to a record 10.1%Cash flow used in operating activities of $4 million, a Q1 recordBook-to-bill ratio of 1.4x in both segments extends company streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since IPOTotal and funded backlog increased to a record $9.3 billion and $6.6 billion, respectivelyReiterating fiscal year 2026 guid

CHANTILLY, Va., April 01, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release first quarter 2026 financial results before the markets open on Wednesday, April 29, 2026. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and guidance, followed by a question-and-answer session. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approxima

Q4 2025 Financial Highlights  Q4 revenue of $1.6 billion decreased 8% year-over-year and 10% on an organic basisTotal revenue growth of 11% and 8% on an organic basis excluding confidential contractNet income of $56 million increased 3% year-over-year, a fourth quarter recordRecord adjusted EBITDA of $153 million increased 5%; adjusted EBITDA margin of 9.6%Cash flow from operations increased 32% to $168 millionBook-to-bill ratio of 0.9x and continued streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since IPO Fiscal Year 2025 Highlights FY25 revenue of $6.4 billion, decreased 6% year-over-year and 9% on an organic basisTotal revenue growth of 12% and 8% on an organic b

CHANTILLY, Va., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release fourth quarter and fiscal year 2025 financial results before the markets open on Wednesday, February 11, 2026. The company will also provide details related to 2026 guidance as part of the call. The company will host a conference call at 8:00 a.m. Eastern Time that day to discuss its earnings results and guidance, followed by a question-and-answer session. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Invest

Q3 2025 Financial Highlights  Q3 revenue of $1.6 billion decreased 10% year-over-year and 14% on an organic basisRevenue growth of 14% excluding confidential contract; 9% on an organic basisQ3 net income of $64 million decreased $8 million year-over-yearQ3 adjusted EBITDA decreased 5% to $158 million; adjusted EBITDA margin of 9.8% increased 60 basis pointsBook-to-bill ratio of 1.0x and continued streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since IPOTotal backlog increased to $8.8 billion; 72% is funded, highest level since IPOModifying fiscal year 2025 revenue and reiterating adjusted EBITDA and cash flow guidance ranges at mid-point CHANTILLY, Va., Nov. 05, 2025

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. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approximately two hours afte

Q2 2025 Financial Highlights Q2 revenue of $1.6 billion decreased 5% year-over-year and 9% on an organic basisRevenue growth of 13% excluding confidential contract; 8% on an organic basisQ2 net income of $55 million decreased $14 million year-over-year, includes $2 million of M&A transaction-related expenses associated with the CTI acquisitionQ2 adjusted EBITDA decreased 1% to $149 million; adjusted EBITDA margin of 9.4% increased 40 basis pointsBook-to-bill ratio of 1.0x and continued streak of TTM book-to-bill ratio of 1.0x or greater in every quarter since IPOTotal backlog increased to $8.9 billion; 70% is funded, highest level since IPOIncreasing fiscal year 2025 guidance ranges for

CHANTILLY, Va., July 03, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release second quarter 2025 financial results before the markets open on Wednesday, August 6, 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. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approximately two hours after

Q1 2025 Financial Highlights Record Q1 revenue of $1.6 billion increases 1% year-over-year; decreases 2% on an organic basis11% revenue growth excluding confidential contract; increases 7% on an organic basisRecord Q1 net income of $66 million increases $26 million year-over-yearRecord Q1 earnings per share increases 61% to $0.60Record Q1 adjusted EBITDA increases by 5% to $149 million; record adjusted EBITDA margin of 9.6% increases 40 basis pointsStrong book-to-bill ratio of 1.1x supported by a 1.4x ratio in the company's Critical Infrastructure segmentTotal backlog increases to $9.1 billion, a company recordReiterating fiscal year 2025 guidance ranges for all financial metrics CHANTILLY

CHANTILLY, Va., April 03, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release first quarter 2025 financial results before the markets open on Wednesday, April 30, 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. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approximately two hours after

Fourth Quarter Financial Highlights Record revenue of $1.7 billion increases 16% year-over-yearOrganic revenue growth of 14%; eighth consecutive quarter of double-digit organic growthRecord net income of $54 million increases 21%Record adjusted EBITDA of $147 million increases 14%Cash flow from operations of $127 millionRecord contract awards increase 34% year-over-year to $1.7 billion Record Fiscal Year 2024 Highlights Record revenue of $6.8 billion, representing total growth of 24% year-over-year and organic growth of 22%Record net income of $235 million increases 46%Record adjusted EBITDA of $605 million increases 30%Record cash flow from operations increases 28% to $524 millionRecord

CHANTILLY, Va., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company was awarded a contract for a one-year option period on a confidential program in January 2025.  This contract was noted as pending during the company's third quarter 2024 earnings conference call. About Parsons Parsons (NYSE:PSN) is a leading 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. Please visit parsons.com and follow us on LinkedIn and Facebook to lea

CHANTILLY, Va., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release fourth quarter and fiscal year 2024 financial results before the markets open on Wednesday, February 19, 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. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approximat

Q3 2024 Financial Highlights Record revenue of $1.8 billion increases 28% year-over-yearRecord organic revenue growth of 26%, including six consecutive quarters with year-over-year organic growth above 20%Record net income increases 52% to $72 millionRecord adjusted EBITDA increases 31% to $167 millionRecord cash flow from operations increases by $95 million to $299 million; record trailing twelve-month operating cash flow of $587 million increases 91% over the prior twelve-month periodContract awards increase 24% to $1.8 billion, a third quarter recordAnnounced and closed BlackSignal Technologies acquisitionAfter Q3 2024 ended, Parsons entered into a definitive agreement to acquire BCC Eng

CHANTILLY, Va., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release third quarter 2024 financial results before the markets open on Wednesday, October 30, 2024. 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. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approximately two hours

Q2 2024 Financial Highlights Record revenue of $1.7 billion increases 23% year-over-yearStrong 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 millionRecord cash flow from operations increases $138 million to $161 million; record trailing twelve-month operating cash flow of $492 million increases 117% over the prior twelve-month periodAfter Q2 2024 ended, Parsons entered into a definitive agreement to acquire BlackSignal TechnologiesIncreasing fiscal year 2024 guidance ranges for all financial metrics CHANTILLY, Va., July

CHANTILLY, Va., July 08, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release second quarter 2024 financial results before the markets open on Wednesday, July 31, 2024. 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. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approximately two hours af

Q1 2024 Financial Highlights Record revenue of $1.5 billion increases 31% year-over-yearRecord first quarter organic revenue growth of 29%, including four consecutive quarters with organic growth above 20%Net loss of $107 million due to a $214 million pre-tax charge related to a partial repurchase of 2025 convertible notes above par due to stock price appreciationAdjusted EBITDA increases by 56% to $141 millionStrong book-to-bill ratio of 1.4x on record contract awards with 51% growthRecord total backlog increases 8% to $9.0 billionIncreasing fiscal year 2024 guidance ranges for all financial metrics CHANTILLY, Va., May 01, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) today an

CHANTILLY, Va., April 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release first quarter 2024 financial results before the markets open on Wednesday, May 1, 2024. 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. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approximately two hours after th

Record Fourth Quarter Financial Highlights Revenue of $1.5 billion increases 35% year-over-yearOrganic revenue growth of 34% including at least 20% organic growth in both segments for the third consecutive quarterNet income of $45 million increases 60%Adjusted EBITDA of $128 million increases 30% year-over-yearCash flow from operations of $190 millionContract awards increase 13% year-over-year to $1.2 billion Record Fiscal Year 2023 Highlights Revenue of $5.4 billion, representing total growth of 30% and organic growth of 23%Net income of $161 million increases 67%Adjusted EBITDA of $465 million increases 32% year-over-yearCash flow from operations increases 72% to $408 millionCont

CHANTILLY, Va., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release fourth quarter and fiscal year 2023 financial results before the markets open on Wednesday, February 14, 2024. 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. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approx

Q3 2023 Financial Highlights Record revenue of $1.4 billion increases 25% year-over-yearRecord organic revenue growth of 23% including over 20% organic growth in both segments for the second consecutive quarterNet income of $47 million increases 60%Adjusted EBITDA of $128 million increases 24% year-over-yearRecord cash flow from operations of $204 million; year-to-date cash flow increases 47% over prior year periodBook-to-bill ratio of 1.0x on contract awards growth of 14%; trailing 12-month book-to-bill ratio of 1.2xIncreasing 2023 guidance ranges for revenue, adjusted EBITDA, and cash flow from operations CHANTILLY, Va., Nov. 01, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN)

CHANTILLY, Va., Oct. 04, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release third quarter 2023 financial results before the markets open on Wednesday, November 1, 2023. 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. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approximately two hours afte

Q2 2023 Financial Highlights Record revenue of $1.4 billion increases 34% year-over-yearRecord organic revenue growth of 23% driven by record organic growth in both segmentsSignificant second quarter net income of $43 million increases 136%Record adjusted EBITDA increases 53% to $118 millionStrong book-to-bill ratio of 1.4x on contract awards growth of 95%Record total backlog increases 8% to $8.9 billionIncreasing 2023 guidance ranges for revenue, adjusted EBITDA, and cash flow from operations CENTREVILLE, Va., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) today announced financial results for the second quarter ended June 30, 2023. CEO Commentary "Our momentum conti

CENTREVILLE, Va., July 10, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release second quarter 2023 financial results before the markets open on Wednesday, August 2, 2023. 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. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (https://investors.parsons.com). Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here. A replay will be available on the company's website approximately two hours

Q1 2023 Financial Highlights Record quarterly revenue of $1.2 billion, representing a 24% increase year-over-yearRecord quarterly organic revenue growth of 12% driven by strength in both segmentsRecord first quarter net income increases by 24% to $26 millionRecord first quarter adjusted EBITDA increases by 22% to $90 millionRecord first quarter cash flow from operations increases $17 million from Q1 2022Book-to-bill ratio of 1.2x on contract awards growth of 51%Increasing 2023 guidance ranges for revenue, adjusted EBITDA, and cash flow from operations CENTREVILLE, Va., May 03, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) today announced financial results for the first quarter

CENTREVILLE, Va., April 06, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release first quarter 2023 financial results before the markets open on Wednesday, May 3, 2023. 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. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (www.parsons.com). Participants should go to the website at least 15 minutes before the live event to download and install any necessary audio software. Listeners may also participate in the conference call by dialing +1 833-634-2602 (dome

Q4 2022 Financial Highlights Record fourth quarter revenue of $1.1 billion, representing total growth of 16% and organic growth of 9%Net income of $28 millionRecord fourth quarter adjusted EBITDA of $98 millionCash flow from operations of $89 millionBook-to-bill ratio of 1.0x in Q4 2022 and for fiscal year 2022 Fiscal Year 2022 Highlights Record revenue of $4.2 billion, representing total growth of 15% and organic growth of 9%Net income of $97 millionRecord adjusted EBITDA of $353 millionCash flow from operations of $238 millionWon eleven contracts each worth $100 million or moreContinuing to build on long-standing commitment to ESG initiativesEstablishing fiscal year 2023 guidance CENTR

CENTREVILLE, Va., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release fourth quarter and fiscal year 2022 financial results before the markets open on Wednesday, February 15, 2023. 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. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (www.parsons.com). Participants should go to the website at least 15 minutes before the live event to download and install any necessary audio software. Listeners may also participate in the conference call by dia

Q3 2022 Financial Highlights Revenue increases 19% year-over-year to $1,134 million, includes organic growth of 11%Organic revenue growth driven by both segments: Critical Infrastructure 13% and Federal Solutions 10%Net income increases 53% to $30 millionAdjusted EBITDA increases 22% to $103 millionCash flow from operations increases 59% year-over-year, and 28% for the first nine months of 2022Book-to-bill ratio of 1.1x on contract awards growth of 21%Increasing midpoints of 2022 revenue, adjusted EBITDA, and cash flow guidance ranges CENTREVILLE, Va., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) today announced financial results for the third quarter ended September

CENTREVILLE, Va., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release third quarter 2022 financial results before the markets open on Wednesday, November 2, 2022. 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. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (www.parsons.com). Participants should go to the website at least 15 minutes before the live event to download and install any necessary audio software. Listeners may also participate in the conference call by dialing +1 833-634-2602 (

Q2 2022 Financial Highlights Revenue increases 15% year-over-year to $1,009 million, includes organic growth of 9%Organic revenue growth driven by both segments: Federal Solutions 11% and Critical Infrastructure 8%Net income increases 173% to $18 millionAdjusted EBITDA increases 18% to $77 millionBook-to-bill ratio of 1.0x in Q2 2022 Strategic Highlights Completed strategic and financially accretive Xator acquisitionHiring and retention remain strongMatt Ofilos promoted to CFO; George Ball and Ellen Lord appointed to Board of DirectorsNotable ESG recognitionIncreasing fiscal year 2022 guidance for total revenue and adjusted EBITDA, reiterating cash flow guidance CENTREVILLE, Va., Aug. 0

CENTREVILLE, Va., July 11, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release second quarter 2022 financial results before the markets open on Wednesday, August 3, 2022. 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. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (www.parsons.com). Participants should go to the website at least 15 minutes before the live event to download and install any necessary audio software. Listeners may also participate in the conference call by dialing +1 833-634-260

Q1 2022 Financial Highlights Revenue increases 9% year-over-year to $949 million, includes organic growth of 6%Strong revenue driven by Critical Infrastructure organic growth of 8% and Federal Solutions organic growth of 4%Net income increases 129% to $21 millionAdjusted EBITDA increases 8% to $74 millionBook-to-bill ratio of 1.0x in Q1 2022; trailing twelve-month ratio of 1.2x Strategic Highlights Reported highest first quarter adjusted EBITDA and operating cash flow since IPOHiring and retention momentum continuesAwarded three contracts each valued at or more than $100 millionNotable ESG recognition, including named as one of the world's most ethical companies for the 13th consecutive y

CENTREVILLE, Va., April 07, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release first quarter 2022 financial results before the markets open on Wednesday, May 4, 2022. 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. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (www.parsons.com). Participants should go to the website at least 15 minutes before the live event to download and install any necessary audio software. Listeners may also participate in the conference call by dialing +1 866-987-6581 (dome

Q4 2021 Financial Highlights Revenue of $951 million in the quarter and $1.9 billion in the second half of 2021, representing total and organic growth of 9% and 7% over the first half of 2021, respectivelyNet income of $29 millionAdjusted EBITDA of $91 million and margin of 9.6%Cash flow from operations of $90 million for the fourth quarterBook-to-bill ratio of 0.9x in Q4 2021 and 1.25x for fiscal year 2021Total backlog of $8.3 billion, a 3% year-over-year increase Strategic Highlights All metrics at or above full-year 2021 guidance mid-point rangesWon three contracts each worth approximately $100 million or more in Q4, including the $2 billion Faro Mine award, one of the largest in the c

CENTREVILLE, Va., Jan. 18, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release fourth quarter and fiscal year 2021 financial results before the markets open on Wednesday, February 23, 2022. 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. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website (www.parsons.com). Participants should go to the website at least 15 minutes before the live event to download and install any necessary audio software. Listeners may also participate in the conference call by

CENTREVILLE, Va., Oct. 12, 2021 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will release third-quarter 2021 financial results before the markets open on Wednesday, November 3, 2021. 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. Access to a webcast of the live conference call can be obtained through the Investor Relations section of the company's website: https://investors.parsons.com. Participants should go to the website at least 15 minutes before the live event to download and install any necessary audio software. Listeners may also participate in the conference call by dialing +1 8