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Parsons Corp - PSN STOCK NEWS

Welcome to our dedicated news page for Parsons (Ticker: PSN), a resource for investors and traders seeking the latest updates and insights on Parsons.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Parsons's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Parsons's position in the market.

News
Parsons to Present at the Raymond James 45th Annual Institutional Investors Conference
Rhea-AI Summary
Parsons Corporation (PSN) to present at Raymond James 45th Annual Institutional Investors Conference with CEO and CFO participating in a fireside chat.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
Tags
conferences
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News
MPA Delivery Partners Selected for Hudson Tunnel Project, The Most Urgent Infrastructure Project in the U.S.
Rhea-AI Summary
Parsons Corporation, in collaboration with Mace and Arcadis, has been selected as the delivery partner for the $16 billion Hudson Tunnel Project by the Gateway Development Commission. The project aims to enhance rail transit capacity, reliability, and resiliency on the Northeast Corridor, benefiting 800,000 daily passengers. With nearly $12 billion in federal funding, this project is a significant investment supported by the Infrastructure Investment and Jobs Act.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.69%
Tags
none
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News
Parsons Wins Seat on $245M U.S. Army Corps of Engineers Contract for Environmental Remediation
Rhea-AI Summary
Parsons Corporation (PSN) secures a $245 million contract from the US Army Corps of Engineers for environmental remediation projects funded by the Infrastructure Investment and Jobs Act. The five-year contract aims to address hazardous waste cleanup and protect public health, showcasing Parsons' expertise in environmental solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.6%
Tags
none
News
Parsons’ $800 Million Convertible Senior Note Offering
Rhea-AI Summary
Parsons Corporation (PSN) announced the full exercise of a $100 million option to purchase additional notes, increasing the total principal amount to $800 million. The company also entered into capped call transactions and refreshed its stock repurchase authority. Parsons plans to invest in organic and inorganic growth, focusing on national security and global infrastructure solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
Tags
none
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News
Parsons Announces Pricing Of $700.0 Million Of Convertible Senior Notes Due 2029; Enters into Concurrent Capped Call Transactions to Offset Potential Dilution
Rhea-AI Summary
Parsons Corporation (PSN) announced a private offering of $700.0 million of 2.625% convertible senior notes due 2029. The company entered capped call transactions to offset potential dilution and granted initial purchasers an option for an additional $100.0 million. The offering is expected to settle soon.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.51%
Tags
none
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News
Parsons Announces Offering Of $700.0 Million Of Convertible Senior Notes Due 2029
Rhea-AI Summary
Parsons Corporation (PSN) plans to offer $700.0 million convertible senior notes due 2029 in a private placement. The notes will be senior unsecured obligations, accrue interest semiannually, and mature on March 1, 2029. Parsons intends to use proceeds for capped call transactions, repurchasing existing notes, potential acquisitions, and working capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.51%
Tags
none
News
Soudah Development Awards Project Management Consultancy Contract to Parsons
Rhea-AI Summary
Parsons Corporation (PSN) secures a three-year contract to provide project management consultancy services for the development of Soudah Peaks, a luxury mountain tourism destination in Saudi Arabia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.45%
Tags
none
-
News
Parsons Wins $25 Million Transit Improvement Contract from City of Oakland
Rhea-AI Summary
Parsons Corporation (PSN) secures a $25 million contract with the City of Oakland Department of Transportation for the Embarcadero West Rail Safety and Access Improvements project. The project aims to enhance transit reliability, safety, and connectivity in Oakland, including pedestrian and rail improvements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
Tags
none
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News
Parsons Reports Record Results Since IPO for the Fourth Quarter and Fiscal Year 2023
Rhea-AI Summary
Parsons Corporation (PSN) reported record financial highlights for the fourth quarter and fiscal year 2023, with revenue reaching $1.5 billion and $5.4 billion, respectively. Net income increased by 60% to $45 million for the quarter and by 67% to $161 million for the year. Adjusted EBITDA rose by 30% to $128 million in Q4 and by 32% to $465 million for the fiscal year. The company also saw a 13% increase in contract awards year-over-year to $1.2 billion for Q4 and a 40% increase to $6.0 billion for the fiscal year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.35%
Tags
earnings
News
Parsons Wins $48M Task Order for Army Command-and-Control System Integration
Rhea-AI Summary
Parsons Corporation (PSN) has been awarded a $48 million task order on the U.S. Army’s RS3 contract to support software development for command and control applications. The contract expands their support to the U.S. Army’s RS3 mission, with a one-year base period and two one-year option periods. Parsons will develop software to provide warfighters with capabilities for tactical decision-making, planning, rehearsal, and execution management, aiming to create a simple, intuitive, and integrated common operating picture for the Army.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
Tags
none
Stock PSN logo
Parsons Corp

NYSE:PSN

PSN Rankings

#881 Ranked by Market Cap
#966 Ranked by Stock Gains
N/A Ranked by Dividends

PSN Stock Data

8.51B
45.81M
0.87%
100.03%
4%
Computer Systems Design Services
Professional, Scientific, and Technical Services
Link
US
Centreville

About PSN

founded in 1944, parsons is an engineering, construction, technical, and management services firm. our revenues in 2014 were $3.1 billion. we are 100% owned by our employee stock ownership trust. we conquer the toughest logistical challenges and deliver design/design-build, program/construction management, professional services, and innovative alternative delivery solutions to private industrial customers worldwide as well as to federal, regional, and local government agencies. parsons is a leader in many diversified markets with a focus on defense/security, industrial, and infrastructure. currently, more than 15,000 parsons employees are engaged in nearly 5,000 projects in 29 countries. collectively, our dedicated workers speak more than 80 languages and hold more than 11,800 college degrees and professional registrations. parsons' employees continue to go anywhere in the world, meet every technical and management challenge, and persevere until the job is done. social media house ru