Parsons Stock Price, News & Analysis

Parsons (NYSE: PSN) has announced a significant increase in its stock repurchase authorization to $250 million. The decision comes as a result of the company's strong operating results and cash flow performance.

CEO Carey Smith emphasized that this move will allow Parsons to pursue share repurchases while continuing to invest in organic and inorganic growth opportunities. The company's focus remains on providing integrated solutions in national security and global infrastructure markets.

The board's decision reflects confidence in Parsons' strategy and ability to deliver strong operating results. However, the actual implementation of repurchases will depend on various factors, including market conditions, economic circumstances, investment opportunities, financing needs, stock price fluctuations, and potential program suspension.

Parsons (NYSE: PSN) has announced its participation in the upcoming Bank of America Global Industrials Conference in London, England. The company's leadership, including Chair, President, and CEO Carey Smith, along with CFO Matt Ofilos, will engage in a fireside chat and Q&A session on Tuesday, March 18, 2025, at 5:40 a.m. Eastern Time (9:40 a.m. GMT).

Investors and interested parties can access the presentation through a live webcast on the investor relations section of Parsons' website. The presentation recording will remain available for replay on the company's website for 30 days following the event.

Sealing Technologies (SealingTech), a Parsons (NYSE: PSN) company, has been awarded a prototype agreement from the Department of Defense's Defense Innovation Unit (DIU) to develop their Joint Cyber Hunt Kit (JCHK) prototype.

The company has demonstrated its expertise by successfully delivering over 500 Cyber-Fly-Away Kits since 2018, supporting critical national security and DoD missions. SealingTech focuses on rapid development, commercial off-the-shelf customization, and leveraging DIU and DoD acquisition pathways to provide tactical advantages for defensive cyberspace operations.

Parsons (NYSE: PSN) has been named one of the 2025 World's Most Ethical Companies by Ethisphere for the 16th consecutive year. The company stands as one of only three honorees in the Engineering Services category among 136 total honorees across 19 countries and 44 industries.

The recognition highlights Parsons' 81-year commitment to ethics and integrity in business practices. The company's ethics program focuses on employee engagement and leadership transparency, extending these standards to suppliers and vendors. The assessment process involved Ethisphere's Ethics Quotient® framework, requiring companies to provide over 240 proof points on various ethical practices, governance, environmental and social impact.

Claroty and SealingTech, a Parsons company (PSN), have announced a strategic partnership to enhance cybersecurity solutions for federal Cyber Protection Teams (CPTs). The collaboration focuses on securing operational technology (OT) and cyber-physical systems (CPS) networks in challenging field conditions.

The partnership combines Claroty's CPS protection capabilities, recently recognized as a Leader in the 2025 Gartner Magic Quadrant, with SealingTech's expertise in edge computing hardware and cybersecurity solutions. The integrated approach provides enhanced visibility, security, and response capabilities for both standalone and air-gapped operations, specifically designed for U.S. Federal government teams.

The joint solution addresses critical challenges faced by federal cyber protection teams, including resources, strict operational environments, and urgent response needs, while supporting mission-critical infrastructure security.

Parsons (NYSE: PSN) has signed a Cooperative Research and Development Agreement with the U.S. Air Force to integrate the next-generation ZEUS® 4 Directed Energy system onto the Joint Light Tactical Vehicle (JLTV). This advanced system builds upon the ZEUS® 3, currently deployed in the RADBO system on MRAP vehicles.

The ZEUS® 4 features significant improvements in size, weight, and power, incorporating AI-powered targeting sensors for precise target identification. The system's 'palletized, bolt-on' configuration enables vehicle-agnostic capabilities without permanent modifications.

Key features include:

• Stand-off engagement range of 25-300 meters
• MIL-SPEC qualification
• Day and night operation capability
• 99% effectiveness rate with over 4,000 ordnance items neutralized
• Successful against 50+ different types of ordnance

Parsons (NYSE: PSN) has announced its participation in the Raymond James 46th Annual Institutional Investors Conference. The company's leadership, including Chair, President, and CEO Carey Smith, along with CFO Matt Ofilos, will engage in a fireside chat and Q&A session on Tuesday, March 4, 2025, at 2:50 p.m. Eastern Time.

Investors and interested parties can access the presentation through a live webcast on the investor relations section of Parsons' website. The presentation recording will remain available for replay on the company's website for 30 days following the event.

Parsons (PSN) reported record results for Q4 and FY 2024. Q4 revenue reached $1.7 billion, up 16% year-over-year with 14% organic growth. Q4 net income increased 21% to $54 million.

For FY 2024, revenue grew 24% to $6.8 billion, with 22% organic growth. Net income rose 46% to $235 million. The company achieved record adjusted EBITDA of $605 million, up 30%, and record cash flow from operations of $524 million, up 28%.

Contract awards increased 17% to $7.0 billion, with 15 contracts worth over $100 million each. The Federal Solutions segment saw 33% revenue growth to $4.0 billion, while Critical Infrastructure revenue grew 13% to $2.7 billion. For FY 2025, Parsons guides revenue between $7.0-7.5 billion and adjusted EBITDA of $640-710 million.

Sealing Technologies (SealingTech), a Parsons (NYSE: PSN) company, has signed an agreement with MAW Telecom International to serve as its authorized agent in Poland. The collaboration aims to strengthen international allies' interoperability and enhance global security.

The U.S. Department of Commerce and U.S. Embassy in Warsaw will host a company promotion event for both companies to showcase their defensive cybersecurity solutions. The partnership will deploy Cyber-Fly-Away Kits to provide cyber protection teams with combined capabilities to protect critical infrastructure. The initiative also aims to expand Poland's defensive capabilities and support Ukraine's reconstruction efforts.

The collaboration combines SealingTech's expertise in lightweight, modular small form factor servers with MAW Telecom's experience in national defense and internal security.