Parsons Stock Price, News & Analysis

Parsons Corporation (NYSE: PSN) announced that its chair, president, and CEO Carey Smith will present at Baird's 2025 Global Consumer, Technology & Services Conference. The presentation is scheduled for Wednesday, June 4, 2025, at 2:35 p.m. Eastern Time. Investors and interested parties can access the live presentation through a webcast available on Parsons' investor relations website. The presentation recording will remain accessible on the company's website for 30 days following the event.

Parsons Corporation (NYSE: PSN) celebrated the completion of the $100 million I-80/Gilman Street Interchange Improvement Project in Berkeley, California, marked by a ribbon-cutting ceremony on April 28. The project received a 2025 Engineering Excellence Award from the American Council of Engineering Companies for its Phase 1 Pedestrian and Bicycle Overcrossing. As prime consultant and engineer of record, Parsons led the project's approval, environmental documentation, final design, and construction support. The improved interchange features modern roundabouts and a dedicated pedestrian/bicycle overcrossing, connecting the Bay Trail with North Berkeley. Notable innovations include a first-of-its-kind cycle track over an active Union Pacific railroad crossing. The project aims to enhance traffic flow, reduce congestion, and improve safety in one of the Bay Area's busiest corridors.

Parsons Corporation (NYSE: PSN) announced that its chair, president, and CEO, Carey Smith, will present at the William Blair 45th Annual Growth Stock Conference on June 3, 2025, at 11:20 a.m. Central Time. The presentation will be accessible through a live webcast on the company's investor relations website, with a replay available for 30 days following the event.

Parsons Corporation (NYSE: PSN) showcased its significant Middle East presence during President Trump's regional visit to Saudi Arabia, Qatar, and UAE. The company, with nearly 7,000 employees in GCC countries and over $1 billion in annual revenue in 2024, has operated in the region since the 1950s. During the visit, Parsons was selected as Delivery Partner for the new King Salman International Airport. CEO Carey Smith participated in private roundtables with the President, highlighting the company's infrastructure and security capabilities. Parsons' major projects include Saudi Arabia's NEOM's THE LINE, King Salman Park, Qatar's FIFA World Cup 2022 infrastructure, and UAE's Zayed International Airport. The company leverages AI and advanced technologies for infrastructure solutions, operating across six growing markets with over 20,000 employees globally.

Parsons Corporation (NYSE: PSN) has secured two significant Delivery Partner contracts from the King Salman International Airport Development Company (KSIADC), owned by Saudi Arabia's Public Investment Fund. The four-year contracts include: (1) airfield assets development covering runways, taxiways, aircraft parking areas, and control towers, and (2) landside infrastructure including roads, utilities, tunnels, bridges, rail network, and landscaping.

The King Salman International Airport project spans 57 km² and aims to accommodate 120 million passengers by 2030 and 185 million passengers with 3.5 million tons of cargo by 2050. The facility will feature 6 parallel runways upon completion. Parsons, which has been operating in the region since 1958, will provide comprehensive project management services including development, design, procurement, construction, and commissioning.

Parsons Corporation (NYSE: PSN) subsidiary SealingTech has launched the US 10, an ultra-compact server designed for high-performance edge computing and commercial cybersecurity protection. Part of the new AegisEdge MicroServer line, this 10-core processing unit is specifically engineered to protect operational technology (OT) and industrial control systems (ICS) in critical infrastructure environments.

The US 10's key features include a compact, palm-sized form factor, quiet operation, and customizable edge computing applications with remote software management capabilities. The server is optimized for SWaP-C (size, weight, power, and cost) considerations, offering cost-effectiveness through high performance and low-power efficiency, resulting in longer operational life compared to traditional rack systems.

The solution targets the protection of essential infrastructure like water systems, electric grids, and transportation networks, leveraging Parsons' expertise in critical infrastructure protection.

Parsons Corporation (NYSE: PSN) will showcase its latest defense technology innovations at SOF Week 2025 in Tampa, Florida from May 5-8. The company will present several key solutions including: AresNXT (next-gen mobile identity and biometrics platform), Javelin (mobile biometric collection kits), DroneArmor (counter-unmanned aircraft system), Peanut SDR (compact signal processing), and TReX (signal emulation system). The showcase will highlight Parsons' capabilities in integrated security, critical infrastructure protection, surveillance, space and missile defense, and command systems. The company's booth #940 will feature multiple products including BlueFly for search and rescue, NitroFalcon for custom communications, and DaVinci for mission planning. These solutions aim to enhance Special Operations Forces' effectiveness in irregular warfare and autonomous operations.

Parsons Corporation (PSN) reported record Q1 2025 results with revenue reaching $1.6 billion, a 1% year-over-year increase. The company achieved notable milestones including:

• Record Q1 net income of $66 million, up $26 million year-over-year
• Earnings per share increased 61% to $0.60
• Adjusted EBITDA grew 5% to $149 million
• Total backlog reached all-time high of $9.1 billion

The Critical Infrastructure segment showed strong performance with 14% revenue growth and a 51% increase in adjusted EBITDA. Federal Solutions segment, excluding a confidential contract, grew 8%. The company won four contracts worth over $100 million each and maintained a book-to-bill ratio of 1.1x. Parsons reaffirmed its 2025 guidance with revenue projected between $7.0-7.5 billion and adjusted EBITDA of $640-710 million.

Parsons (NYSE: PSN) has secured a 25-month Project Management Office (PMO) services contract from the King Salman Park Foundation. The project involves managing a massive urban transformation initiative in Riyadh, featuring 11.6 sq km of green space and 10 sq km of built-up area.

The scope includes overseeing design, procurement, construction, and smart city initiatives implementation. The park will include the Royal Arts Complex and a 7.2 km pedestrian walkway called The Loop. Located on the former Riyadh Air Base, the project aims to plant 1 million trees and plants to enhance vegetation cover, increase green space per capita, and support biodiversity.

The development aligns with Saudi Vision 2030's Quality of Life Program, with Parsons leveraging its 80-year global expertise and 65-year regional presence in urban development, smart mobility, and landscape architecture.