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 ...

NEW YORK, March 3, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Parsons Corporation ("Parsons" or the "Company") (NYSE: PSN). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Parsons and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On February 19, 2025, Par ...

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 ...

FOURTH QUARTER AND FISCAL YEAR 2024 Earnings Conference Call Presentation February 19, 2025 FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs, and assumptions, and are not guarantees of future performance. Fo ...