Core Points - Parsons Corporation has been recognized as one of the 2025 World's Most Ethical Companies, marking the sixteenth consecutive year of this honor [1][2] - The recognition includes 136 honorees from 19 countries and 44 industries, with Parsons being one of only three companies in the Engineering Services category [2] Company Values and Ethics - The recognition reflects Parsons' commitment to ethics, integrity, and core values, which are integral to its operational culture over its 81-year history [3] - Employee engagement and transparency at executive and management levels are central to Parsons' ethics program, setting standards for suppliers and vendors [3][4] - The company's core values and integrity are cited as primary reasons for its consistent recognition by Ethisphere [4] Methodology of Recognition - The assessment for the World's Most Ethical Companies is based on Ethisphere's proprietary Ethics Quotient®, requiring over 240 proof points on various ethical practices [5] - A panel of experts conducts qualitative analysis on the data submitted by applicants, ensuring a robust evaluation process [5] Company Overview - Parsons is a leading provider of disruptive technology in national security and global infrastructure markets, with capabilities in various sectors including cyber and intelligence, space and missile defense, and critical infrastructure protection [7]

Core Insights - Claroty has announced a partnership with SealingTech to enhance cybersecurity for operational technology (OT) and cyber-physical systems (CPS) networks, addressing the unique challenges faced by Cyber Protection Teams (CPTs) in the field [1][3] Group 1: Partnership Overview - The collaboration aims to provide tools, knowledge, and support necessary for CPTs to secure OT and CPS networks, even under demanding conditions [1] - The integrated approach enhances visibility, security, and response capabilities, ensuring effective threat hunting and mitigation for U.S. Federal government teams [2] Group 2: Challenges and Solutions - Federal cyber protection teams face challenges such as limited resources, strict operational environments, and a lack of OT expertise, which are exacerbated by increasing sophistication of cyber threats [3] - The partnership combines Claroty's asset visibility and threat detection capabilities with SealingTech's expertise in resilient solutions, facilitating swift and efficient responses to threats [3] Group 3: Company Backgrounds - Claroty is recognized as a Leader in the 2025 Gartner Magic Quadrant for CPS Protection Platforms, providing a comprehensive platform for securing mission-critical infrastructure [3] - SealingTech, a Parsons Corporation company, specializes in edge computing hardware and cybersecurity solutions, supporting both federal and private sectors [7]

NEW YORK, March 03, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Parsons Corporation and Perpetua Resources Corp. (NASDAQ:PPTA). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided. Parsons Corporation (NYSE:PSN) On February 19, 2025, Parso ...

AI-Powered Targeting Sensor Enhances Rapid and Precise Target Identification 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 Reco ...

Core Viewpoint - Parsons Corporation is under investigation for potential securities fraud and unlawful business practices following disappointing financial results for Q4 2024, which led to a significant drop in stock price [1][2]. Financial Performance - On February 19, 2025, Parsons reported Q4 2024 financial results that fell short of prior guidance for both revenue and EBITDA [2]. - The adjusted EBITDA growth for the quarter was negatively impacted by $29 million due to adjustments on two programs [2]. - Following the announcement, Parsons' stock price decreased by $8.42 per share, or 11.46%, closing at $65.08 per share [2]. Legal Investigation - Pomerantz LLP is investigating claims on behalf of investors regarding potential securities fraud or other unlawful business practices by Parsons and its officers and/or directors [1]. - The firm is recognized for its expertise in corporate, securities, and antitrust class litigation, having a long history of fighting for victims of securities fraud [3].

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: ...

NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Parsons Corporation (“Parsons” or the “Company”) (NYSE:PSN). The investigation concerns whether Parsons and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [LEARN MORE ABOUT THE INVESTIGATION] On February 19, 2025, Parsons released its fourth quarter 2024 financial results, falling short of its prior guidance in r ...

Financial Data and Key Metrics Changes - For fiscal year 2024, total revenue exceeded $6.7 billion for the first time, representing a 24% increase from the prior year and a 22% organic growth [15][44] - Adjusted EBITDA for the full year was $605 million, a 30% increase from 2023, with an adjusted EBITDA margin of 9%, up 50 basis points [44][60] - The company achieved a record contract awards of $7 billion, a 17% increase over 2023, with a win rate of 71%, the highest in company history [16][17] Business Line Data and Key Metrics Changes - Federal Solutions segment revenue increased by 33% year-over-year, driven by organic growth of 30% and contributions from acquisitions [48] - Critical Infrastructure segment revenue increased by 13% for the full year, primarily organic growth, with adjusted EBITDA increasing by 8% [52][53] - In Q4 2024, Federal Solutions revenue increased by 19%, while Critical Infrastructure revenue increased by 12% [46][50] Market Data and Key Metrics Changes - The company reported strong growth in critical infrastructure protection and cyber markets, with growth rates of 31% and 24% respectively in Q4 2024 [40] - The backlog at the end of Q4 totaled $8.9 billion, up 4% from the previous year, with a funded backlog at 66%, the highest since the IPO [59][121] Company Strategy and Development Direction - The company is focused on high-growth areas such as artificial intelligence, cyber, and environmental remediation, with plans to continue strategic acquisitions [15][29] - The company aims to leverage its unique portfolio in federal and critical infrastructure markets, aligning with government priorities and increasing infrastructure spending [11][33] - The strategy includes moving up the value chain and differentiating with advanced technology and digital enablement [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, citing strong alignment with government priorities and ongoing global infrastructure spending [67] - The company anticipates organic growth in 2025, despite some expected lower volumes on certain contracts, with guidance for revenue between $7.0 billion and $7.5 billion [59][60] - Management highlighted the importance of maintaining a strong balance sheet to support strategic investments and acquisitions [65] Other Important Information - The company completed two significant acquisitions in 2024, enhancing capabilities in federal solutions and critical infrastructure [26][27] - Parsons was recognized as one of America's most trusted companies by Forbes, and its Kicking Horse Canyon project received a prestigious award [30] Q&A Session Summary Question: Update on confidential customer and project - Management confirmed that the option year two has been exercised, valued at $242 million, but noted a related program has been paused, impacting completion [70][72] Question: Procurement environment and contract awards - Management indicated a slower procurement environment but noted an increase in extensions and ceiling increases, with less than 5% of business up for recompete [78][79] Question: Guidance for 2025 and impact of confidential contract - Guidance includes the full negotiated amount for the option year, with potential for adjustments based on related program developments [116][82] Question: Role with FAA and current projects - Management highlighted ongoing support for the FAA with a significant contract, emphasizing opportunities for modernization and safety improvements [105][108] Question: Clarification on margin expectations - Management discussed expectations for margin progression, indicating some compression in federal business but growth in critical infrastructure margins [130]

Parsons (PSN) reported $1.73 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 16.1%. EPS of $0.78 for the same period compares to $0.69 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.74 billion, representing a surprise of -0.51%. The company delivered an EPS surprise of -15.22%, with the consensus EPS estimate being $0.92.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Parsons (PSN) came out with quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -15.22%. A quarter ago, it was expected that this software and infrastructure services provider would post earnings of $0.79 per share when it actually produced earnings of $0.95, delivering a surprise of 20.25%.Over the la ...