Parsons Reports Record First Quarter 2025 Results Exhibit 99.1 Total revenue for the first quarter of 2025 increased by $19 million, or 1%, to $1.6 billion and was down 2% on an organic basis. Excluding the company's confidential contract, total revenue growth was 11% and organic revenue growth was 7% driven by double-digit growth in Parsons' cyber, transportation, and environmental remediation markets. Operating income increased 7% to $109 million primarily due to stronger program performance and a decreas ...

Core Insights - Parsons Corporation reported record first quarter results for total revenue, net income, earnings per share, adjusted EBITDA, and backlog, indicating strong performance and growth potential [3][5][8]. Financial Performance - Total revenue for Q1 2025 increased by $19 million, or 1%, to $1.6 billion, with a 2% decline on an organic basis. Excluding a confidential contract, total revenue growth was 11% and organic revenue growth was 7% [5][8]. - Operating income rose by 7% to $109 million, while net income surged by 67% to $66 million, attributed to improved operating performance and a prior year loss from convertible debt repurchase [5][8]. - GAAP diluted earnings per share (EPS) increased to $0.60 from $0.37 year-over-year, reflecting strong financial results [5][8]. Adjusted Metrics - Adjusted EBITDA for Q1 2025 was $149 million, a 5% increase from the previous year, with an adjusted EBITDA margin expanding by 40 basis points to 9.6% [6][8]. - Adjusted EPS rose to $0.78 from $0.70, driven by the increase in adjusted EBITDA [6][8]. Segment Performance - The Federal Solutions segment experienced a revenue decline of 7% to $842.6 million, but showed an 8% increase when excluding the confidential contract [9][10]. - The Critical Infrastructure segment reported a 14% revenue increase to $711.8 million, driven by organic growth and contributions from recent acquisitions [11][12]. Backlog and Book-to-Bill Ratio - Total backlog reached a record $9.1 billion, up $42 million from Q1 2024, with a book-to-bill ratio of 1.1x supported by a 1.4x ratio in the Critical Infrastructure segment [8][14]. - The company won four contracts worth over $100 million each during the first quarter, contributing to strong net bookings of $1.8 billion [14][18]. Corporate Highlights - Parsons was recognized as one of the World's Most Ethical Companies for the 16th consecutive year, reflecting its commitment to responsible enterprise practices [16][18]. - The Board of Directors increased the stock repurchase authorization to $250 million, with approximately 424,000 shares repurchased at an average price of $58.95 during Q1 2025 [18][19]. Fiscal Year Guidance - The company reiterated its fiscal year 2025 guidance for revenue between $7.0 billion and $7.5 billion, adjusted EBITDA of $640 million to $710 million, and cash flow from operations of $420 million to $480 million [19][17].

King Salman Park Parsons will provide Project Office Management services for King Salman Park, one of the world's most unique urban transformation projects. CHANTILLY, Va., April 23, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it has been awarded a contract for Project Management Office (PMO) services by the King Salman Park Foundation for King Salman Park. This 25-month contract marks new work for Parsons. King Salman Park is one of the world's most unique urban trans ...

Core Insights - Parsons Corporation has been selected by the Lee County Port Authority to provide project management services for Phase 1 of the Southwest Florida International Airport Terminal Expansion Project [1][2] - The expansion project aims to enhance passenger experience by reducing wait times, consolidating checkpoint operations, and improving connectivity between concourses [3] Company Overview - Parsons Corporation is a leading provider in national security and global infrastructure markets, with expertise in various sectors including transportation and critical infrastructure protection [6] - The company has extensive experience in managing and enhancing airport infrastructure, having worked on over 450 airports in 40 countries [4] Project Details - Phase 1 of the RSW Terminal Expansion Project will include approximately 200,000 square feet of new and remodeled terminal space [3] - The project will involve collaboration with design, construction management, and engineering inspection teams to ensure effective project control and successful completion [2]

Core Insights - Sealing Technologies, a subsidiary of Parsons Corporation, has launched two new edge computing nodes, the GN 7100 and GN 9000, aimed at enhancing operational effectiveness for U.S. national security missions [1][6] Product Features - The GN 7100 utilizes PCIe Gen 5 and AMD's latest 9000 EPYC series, providing faster processing speeds and is designed for AI and machine learning applications, enhancing defense capabilities for cyber protection teams [2] - The GN 9000 features two GPUs for maximum resource pooling, delivering 188GB of HBM3 memory to support demanding AI models at the edge, while also maximizing operational effectiveness and storage capacity [3] Strategic Importance - Both products are designed with flexibility and scalability to meet current and future needs of warfighters, providing AI/ML edge computing capabilities that were previously limited to datacenters [4] - Sealing Technologies emphasizes its commitment to developing purpose-built defensive cyber solutions, aiming to deliver increased capability, storage, agility, and value to its customers [4]

Core Insights - Parsons Corporation has been awarded a $1.5 billion indefinite-delivery, indefinite-quantity contract by the Air Force Civil Engineering Center to provide architect-engineer services for environmental issues, particularly focusing on PFAS [1][2][3] Contract Details - The contract includes a five-year base period with five one-year option periods and an additional six-month extension option [1] - Parsons will compete for task orders based on qualifications to address various environmental issues at U.S. Air Force installations and other federal clients [2] Company Commitment and Experience - Parsons emphasizes its commitment to providing cost-effective solutions for environmental remediation, leveraging over 50 years of experience in supporting the Department of Defense [3] - The company has been involved in PFAS remediation, including managing a groundwater treatment system for the National Guard Bureau [3] Recent Developments - The acquisition of TRS Group, Inc. in February 2025 has enhanced Parsons' capabilities in environmental remediation technology [3]

Core Viewpoint - Parsons Corporation has been awarded a $24 million contract to support the Naval Medical Research Command in biological defense research, focusing on the rapid detection of infectious diseases and enhancing global disease surveillance [1][2]. Group 1: Contract Details - The contract includes a one-year base period and four one-year option periods, totaling $24 million [1]. - Parsons will continue its support for the Biological Defense Research Directorate, facilitating biological research critical to the Department of Defense [2]. Group 2: Company Expertise - Parsons has been involved in this work since 2018, providing experts in various fields such as molecular biology, immunology, and outbreak response [3]. - The company offers a comprehensive range of biodefense services, including risk assessments, biological threat detection, and incident response [3]. Group 3: Company Profile - Parsons is recognized as a leading provider of disruptive technology in national security and global infrastructure, with capabilities spanning cyber and intelligence, space defense, and environmental remediation [5].

Core Viewpoint - Parsons Corporation is set to release its first quarter 2025 financial results on April 30, 2025, and will host a conference call to discuss these results and corporate strategies [1]. Group 1: Financial Results Announcement - The company will announce its first quarter 2025 financial results before the market opens on April 30, 2025 [1]. - A conference call is scheduled for 8:00 a.m. Eastern Time on the same day to discuss earnings and strategic initiatives [1]. Group 2: Access to Information - Access to the live conference call can be obtained through the Investor Relations section of the company's website [2]. - A replay of the conference call will be available on the website approximately two hours after the call and will remain accessible for one year [2]. Group 3: Company Overview - Parsons Corporation is recognized as a leading disruptive technology provider in national security and global infrastructure markets [3]. - The company has capabilities in various sectors including cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection [3].

Core Insights - Parsons Corporation has been selected by Tucson Airport Authority to conduct a PFAS facility investigation at Tucson International Airport, focusing on source area delineation, offsite source differentiation, and remedy feasibility assessment related to PFAS-containing aqueous film forming foam [1][2] - The company emphasizes its expertise in guiding both military and civilian airports through PFAS assessment and remediation processes, highlighting its commitment to environmental and public health [2][3] Company Capabilities - Parsons is recognized as a global leader in addressing PFAS issues, with a specialized team in hydrogeology, human health, ecological risk assessment, and remediation [3][4] - The company has completed over 2,000 PFAS investigations and has designed and installed more than 7,000 PFAS point of entry treatment systems, showcasing its extensive experience in the field [4] Recent Developments - Parsons has recently acquired TRS Group, enhancing its capabilities in thermal remediation technologies specifically for PFAS in soil and firefighting foam [5] - The company continues to invest in technologies and capabilities to address PFAS challenges more effectively and efficiently [5]

Core Viewpoint - Parsons Corporation has increased its stock repurchase authorization to $250 million, reflecting strong operating results and cash flow, while continuing to invest in growth opportunities [1][2]. Company Overview - Parsons Corporation is a leading provider of disruptive technology in national security and global infrastructure markets, with capabilities in cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection [3]. Financial Strategy - The increase in share repurchase authority demonstrates the board's confidence in the company's strategic plan and ability to deliver strong operating results and positive shareholder returns [2]. - The company emphasizes its commitment to speed and agility in meeting customer demands in the current operating environment [2]. Market Position - Parsons Corporation's integrated solutions and innovative experience position it well in the national security and global infrastructure sectors, which are critical in today's market [2].