CHANTILLY, Va., March 24, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that its board of directors has increased the company's stock repurchase authorization to $250 million. "Parsons' strong operating results and cash flow allow us to increase share repurchases while simultaneously executing on our strategic plan of investing in accretive organic and inorganic growth opportunities," said Parsons' Chair, President, and Chief Executive Officer Carey Smith. "Our integrated solutions, demonstrated experience as an innovator in national security and global infrastructure markets, and commitment to speed and agility are what the world needs and our customers demand i

CHANTILLY, Va., March 13, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will present at the Bank of America Global Industrials Conference in London, England. Carey Smith, chair, president, and chief executive officer, and Matt Ofilos, chief financial officer, will participate in a fireside chat question and answer session on Tuesday, March 18, 2025, at approximately 5:40 a.m. Eastern Time (9:40 a.m. Greenwich Mean Time). This presentation will be available live via webcast on the investor relations section of Parsons' website (https://investors.parsons.com/). A replay of the webcast also will be available on the website for 30 days. About Parsons Corporation Parsons (NYSE:PSN)

COLUMBIA, Md., March 12, 2025 /PRNewswire/ -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE:PSN), and leading defensive cyber operations solution provider for U.S. national security missions, was awarded an agreement from the Department of Defense (DoD)'s Defense Innovation Unit (DIU) to support the development of their Joint Cyber Hunt Kit (JCHK) prototype. SealingTech has delivered 500+ Cyber-Fly-Away Kits, demonstrating the company's expertise in supporting DoD missions."We understand that the mission requires rapid, agile, and scalable innovation

CHANTILLY, Va., March 11, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2025 World's Most Ethical Companies. This marks the sixteenth consecutive year that Parsons has been honored with this recognition. In 2025, 136 honorees were recognized spanning 19 countries and 44 industries. The company is one of only three honorees in the Engineering Services category. "Being named one of the World's Most Ethical Companies for 16 consecutive years exemplifies the value we place on ethics, integrity, and core values in driving our

Collaboration provides a joint solution that empowers Cyber Protection Teams to address the challenges of securing OT and CPS networks in the field NEW YORK , March 5, 2025 /PRNewswire/ -- Claroty, the cyber-physical systems (CPS) protection company, today announced a partnership with SealingTech, a Parsons Corporation company who is a trusted partner in providing powerful edge computing hardware and cybersecurity solutions to protect the federal government and private enterprises. The partnership provides the tools, knowledge, and support necessary for Cyber Protection Teams (CPTs) to address the unique challenges of securing operational technology (OT) and CPS networks, even in the most de

CHANTILLY, Va., March 03, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) has signed a Cooperative Research and Development Agreement (CRADA) with the U.S. Air Force Civil Engineer Center, Readiness Directorate (AFCEC/CX) to integrate the next-generation ZEUS® 4 Directed Energy system onto the Joint Light Tactical Vehicle (JLTV). The ZEUS® 4 system builds upon the previous ZEUS® 3 product, which is integrated into the Recovery of Airbase Denied by Ordnance (RADBO) system hosted on a Mine-Resistant Ambush Protected (MRAP) vehicle. The RADBO system is the first directed energy system in full production, with lot 1 units already deployed and lot 2 in production. "As we unveil the

CHANTILLY, Va., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) will present at the Raymond James 46th Annual Institutional Investors Conference. Carey Smith, chair, president, and chief executive officer, and Matt Ofilos, chief financial officer, will participate in a fireside chat question and answer session on Tuesday, March 4, 2025, at approximately 2:50 p.m. Eastern Time. This presentation will be available live via webcast on the investor relations section of Parsons' website (https://investors.parsons.com/). A replay of the webcast also will be available on the website for 30 days. About Parsons Corporation Parsons (NYSE:PSN) is a leading disruptive technology pr

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

COLUMBIA, Md., Feb. 13, 2025 /PRNewswire/ -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE:PSN), and trusted partner in providing powerful edge computing hardware and cybersecurity solutions to protect government entities and private enterprises, proudly announces it has signed an agreement with MAW Telecom International, S.A. (MAW Telecom), a Polish company, to serve as its authorized agent in Poland. This collaboration reinforces SealingTech's commitment to strengthen our international allies' interoperability.The U.S. Department of Commerce and the

CHANTILLY, Va., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has acquired TRS Group, Inc. (TRS), an environmental solutions firm that specializes in remediation technology, in an all-cash transaction valued at $36 million. This transaction benefits both Parsons' Federal Solutions and Critical Infrastructure segments. Formed in 2000, TRS is an industry leader in per and polyfluoroalkyl substances (PFAS), thermal, and holistic environmental remediation, having cleaned hazardous and toxic substances from soil, groundwater, and fire suppression systems for global clients. The company has successfully completed more than 160 in situ thermal remediati

4 - PARSONS CORP (0000275880) (Issuer)

William Blair downgraded Parsons from Outperform to Mkt Perform

TD Cowen downgraded Parsons from Buy to Hold and set a new price target of $105.00

William Blair upgraded Parsons from Mkt Perform to Outperform

William Blair downgraded Parsons from Outperform to Mkt Perform

Raymond James downgraded Parsons from Outperform to Mkt Perform

Goldman upgraded Parsons from Neutral to Buy and set a new price target of $111.00 from $103.00 previously

Raymond James downgraded Parsons from Strong Buy to Outperform and set a new price target of $115.00

TD Cowen upgraded Parsons from Hold to Buy and set a new price target of $90.00 from $77.00 previously

Raymond James upgraded Parsons from Outperform to Strong Buy and set a new price target of $95.00 from $82.00 previously

Robert W. Baird upgraded Parsons from Neutral to Outperform and set a new price target of $75.00 from $68.00 previously

SC 13G/A - PARSONS CORP (0000275880) (Subject)

SC 13G/A - PARSONS CORP (0000275880) (Subject)

SC 13G/A - PARSONS CORP (0000275880) (Subject)

SC 13G/A - PARSONS CORP (0000275880) (Subject)

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., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has acquired TRS Group, Inc. (TRS), an environmental solutions firm that specializes in remediation technology, in an all-cash transaction valued at $36 million. This transaction benefits both Parsons' Federal Solutions and Critical Infrastructure segments. Formed in 2000, TRS is an industry leader in per and polyfluoroalkyl substances (PFAS), thermal, and holistic environmental remediation, having cleaned hazardous and toxic substances from soil, groundwater, and fire suppression systems for global clients. The company has successfully completed more than 160 in situ thermal remediati

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

CHANTILLY, Va., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) was named the 8th Most Trusted Company in America 2025 according to Forbes' listing of the Most Trusted Companies in America. Created in partnership with research companies HundredX, Signal AI and Glassdoor, Forbes' list combines data on a wide range of factors across four categories: employee trust, customer trust, investor trust, and media sentiment. More than 2,000 public companies based in the United States were eligible. Parsons is the only member of its peer group in the top 10. "Every day, our more than 19,000 global employees extend the company's outstanding 80-year history of excellence, innovation,

CHANTILLY, Va., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been awarded a $53 million, three-year contract by the Royal Commission for Riyadh City (RCRC) in Saudi Arabia for program management office (PMO) services on its Main and Ring Roads Program. "We are proud to call the RCRC a long-standing client of ours and are honored to be working on the Main and Ring Roads Program alongside them," said Martin Boson, Senior Vice President and General Manager of Parsons' Saudi Arabian operations. "With Riyadh being the most populated city in Saudi Arabia, the Program plays a fundamental role in facilitating the smooth mobility of people a

CHANTILLY, Va., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN), announced today that the official inauguration took place on 27 November 2024 for the $27 billion Riyadh Metro. Parsons is one of three consultants working as part of a Parsons-led joint venture known as the Riyadh Metro Transit Consultants (RMTC), along with Egis and SYSTRA, providing project and construction management on two of the Royal Commission for Riyadh City's (RCRC) Riyadh Metro contracts which Parsons has now successfully delivered. "From its inception, the Riyadh Metro was conceived as a transformative project to reshape urban mobility and dramatically improve the lives of residents and visitors

CHANTILLY, Va., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been awarded two contracts worth $25 million to perform design engineering for a Middle East transportation customer. With the same customer, Parsons has won more than $90 million in contract awards over the last 9 months. Under these contracts, Parsons will lead the design engineering and construction supervision of transportation infrastructure enhancements. The scope includes the development of mobility solutions and their dedicated corridors, roadway capacity upgrades, and public transit initiatives on critical streets to improve urban mobility and reduce congestion. P

NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from

CHANTILLY, Va., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been awarded a three-year contract for new work by Soudah Development – a real estate development company owned by the Public Investment Fund (PIF) of Saudi Arabia that is driving the development of Soudah Peaks, an upcoming year-round luxury mountain tourism destination set 3,015 meters above sea level on Saudi Arabia's highest peak – for project management consultancy services. Parsons' scope includes all project management and site supervision services for the development of Soudah Peaks which is home to 6 unique development zones: Tahlal, Sahab, Sabrah, Jareen, Rijal, a

CENTREVILLE, Va., July 25, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) has named Matt Ofilos as the company's chief financial officer (CFO). Ofilos, who previously served as Parsons' executive vice president of finance, succeeds George Ball, who served as CFO since 2008 and will remain in an advisory capacity through September 2022. Ofilos brings more than 20 years of finance experience and a proven track record of delivering profitable growth and building high-performance finance teams to the role. The board of directors also announced the appointment of two new directors: George Ball and Ellen Lord, the former Under Secretary of Defense for Acquisition and Sustainment. All th

CENTREVILLE, Va., June 21, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) has announced the promotion of Tim Schmitt to its executive leadership team, effective Aug. 1, 2022. Schmitt joined Parsons in 2018 through the company's acquisition of Polaris Alpha® and has served as chief development officer since that time. In his new role, Schmitt will continue serving as chief development officer, leading Parsons' robust merger and acquisition (M&A) program and overseeing the corporation's strategy and market research efforts. "Tim is a proven executive and driving force behind our growth and strategy," said Carey Smith, chairwoman, president, and chief executive officer of Parsons. "

SINGAPORE, Sept. 15, 2021 (GLOBE NEWSWIRE) -- Triterras Inc. (NASDAQ:TRIT, TRITW))) ("Triterras" or the "Company"), a leading fintech company focused on trade and trade finance, today announced the appointment of Perry Mangers, CPA, to the newly created role of Vice President of Financial Reporting. He will report to Chief Financial Officer Alvin Tan. Mangers is a finance professional with more than 20 years of wide-ranging corporate and board-level experience. His areas of specialty have included initial public offerings, global reporting, financial controls, SOX compliance, financial systems implementations, technical accounting and M&A advisory functions. He will be responsible for fin

CENTREVILLE, Va., April 20, 2021 /PRNewswire/ -- The board of directors of Parsons Corporation (NYSE:PSN) has elected Carey Smith as chief executive officer, effective July 1st, 2021. Smith succeeds Charles "Chuck" Harrington, who announced his retirement after nearly 40 years with the company. Harrington will continue to serve on the Parsons Board of Directors as executive chairman upon his retirement. "Leading and transforming Parsons into the technology company we are today has been one of the greatest honors of my life, and I know the company is in great hands," Harrington said. "After nearly 40 years, I'm proud of the company we've built, humbled by the amazing people I've had the pleas