Parsons Stock Price, News & Analysis

Parsons Corporation (NYSE: PSN) will showcase its latest defense technology innovations at SOF Week 2025 in Tampa, Florida from May 5-8. The company will present several key solutions including: AresNXT (next-gen mobile identity and biometrics platform), Javelin (mobile biometric collection kits), DroneArmor (counter-unmanned aircraft system), Peanut SDR (compact signal processing), and TReX (signal emulation system). The showcase will highlight Parsons' capabilities in integrated security, critical infrastructure protection, surveillance, space and missile defense, and command systems. The company's booth #940 will feature multiple products including BlueFly for search and rescue, NitroFalcon for custom communications, and DaVinci for mission planning. These solutions aim to enhance Special Operations Forces' effectiveness in irregular warfare and autonomous operations.

Parsons Corporation (PSN) reported record Q1 2025 results with revenue reaching $1.6 billion, a 1% year-over-year increase. The company achieved notable milestones including:

• Record Q1 net income of $66 million, up $26 million year-over-year
• Earnings per share increased 61% to $0.60
• Adjusted EBITDA grew 5% to $149 million
• Total backlog reached all-time high of $9.1 billion

The Critical Infrastructure segment showed strong performance with 14% revenue growth and a 51% increase in adjusted EBITDA. Federal Solutions segment, excluding a confidential contract, grew 8%. The company won four contracts worth over $100 million each and maintained a book-to-bill ratio of 1.1x. Parsons reaffirmed its 2025 guidance with revenue projected between $7.0-7.5 billion and adjusted EBITDA of $640-710 million.

Parsons (NYSE: PSN) has secured a 25-month Project Management Office (PMO) services contract from the King Salman Park Foundation. The project involves managing a massive urban transformation initiative in Riyadh, featuring 11.6 sq km of green space and 10 sq km of built-up area.

The scope includes overseeing design, procurement, construction, and smart city initiatives implementation. The park will include the Royal Arts Complex and a 7.2 km pedestrian walkway called The Loop. Located on the former Riyadh Air Base, the project aims to plant 1 million trees and plants to enhance vegetation cover, increase green space per capita, and support biodiversity.

The development aligns with Saudi Vision 2030's Quality of Life Program, with Parsons leveraging its 80-year global expertise and 65-year regional presence in urban development, smart mobility, and landscape architecture.

Parsons (NYSE: PSN) has been selected by the Lee County Port Authority to provide project management services for Phase 1 of the Southwest Florida International Airport (RSW) Terminal Expansion Project in Fort Myers, Florida.

The project encompasses approximately 200,000 square feet of new and remodeled terminal space. As part of the project management team, Parsons will assist with project and contract management duties, providing support services during construction and initial operation. The company will work alongside design, construction management, and inspection teams.

The expansion aims to enhance passenger experience through:

• Reduced wait times
• Consolidated checkpoint operations
• Improved connectivity between concourses
• Increased airside concessions
• Additional amenities

Sealing Technologies, a Parsons (NYSE: PSN) company, has unveiled two new edge computing nodes: the GN 7100 and GN 9000, designed for advanced defensive cyber operations. The GN 7100 features PCIe Gen 5 and AMD's 9000 EPYC series for enhanced processing speeds, while the GN 9000 is equipped with dual GPUs and 188GB of HBM3 memory for AI applications.

Both devices bring datacenter-level AI/ML capabilities to edge computing in a portable form factor. The solutions aim to enhance operational effectiveness for cyber protection teams with increased storage and processing capabilities. These carry-on-compliant devices are specifically designed to meet current and future warfighter needs in defensive cyber operations.

Parsons (NYSE: PSN) has secured a position on a $1.5 billion multiple-award contract from the Air Force Civil Engineering Center (AFCEC) for environmental services. The contract includes a five-year base period with five one-year options and an additional six-month extension possibility.

The scope encompasses environmental issues, particularly per- and polyfluoroalkyl substances (PFAS) contamination, at U.S. Air Force installations worldwide. Services include environmental restoration, compliance, conservation, planning, and emerging contaminants management.

This award builds on Parsons' 50+ years of environmental engineering experience with the Department of Defense. The company recently strengthened its environmental capabilities through the February 2025 acquisition of TRS Group, Inc., and in October 2024, won a contract to manage PFAS groundwater treatment at Burlington Air National Guard Base, Vermont.

Bowman Consulting Group (NASDAQ: BWMN) has appointed Virginia L. Grebbien to its Board of Directors as an independent director. Grebbien, who brings over 30 years of public and private water sector experience, will serve on the compensation and nominating/corporate governance committees starting May 23, 2025.

Previously at Parsons (NYSE: PSN) for 13 years, Grebbien held various leadership roles including EVP of business development, president of multiple divisions, and chief corporate affairs officer. She played a important role in Parsons' transformation into a global digital technology company and its 2019 IPO before retiring in 2021.

Before Parsons, she held leadership positions at major Southern California water management agencies and spent three years at Warburg Pincus. Grebbien is a registered professional engineer in California with extensive board experience in public and private companies.

Parsons (NYSE: PSN) has secured a $24 million biological defense research contract from the Naval Medical Research Command (NMRC). The contract includes a one-year base period with four one-year option periods. Parsons will support NMRC's Biological Defense Research Directorate (BDRD) in biological research for rapid infectious disease detection and global disease surveillance.

The company has been performing this work since 2018, providing NMRC with expert scientists in various fields including molecular biology, immunology, serology, bacteriology, laboratory science and management, field collection, field lab detection, outbreak response, reagent production, and assay development.

Parsons (NYSE: PSN) has scheduled the release of its first quarter 2025 financial results before market opening on Wednesday, April 30, 2025. The company will hold a conference call at 8:00 a.m. Eastern Time on the same day to discuss earnings results and strategic corporate initiatives.

Investors can access the live conference call webcast through the company's Investor Relations website. Telephone participation is available through registration on the IR website. A replay of the call will be accessible on Parsons' website for one year following the event.