Welcome to our dedicated page for Parsons news (Ticker: PSN), a resource for investors and traders seeking the latest updates and insights on Parsons stock.
Parsons Corporation (NYSE: PSN) delivers cutting-edge engineering and technology solutions for critical infrastructure, defense systems, and global security challenges. This news hub provides investors and industry professionals with timely updates on Parsons' strategic developments, project milestones, and operational achievements.
Access official press releases covering federal contract awards, transportation innovations, cybersecurity advancements, and environmental remediation initiatives. Our curated collection includes earnings reports, acquisition announcements, and leadership updates essential for understanding Parsons' market position in the engineering services sector.
Discover updates on Parsons' Federal Solutions division supporting national security programs and Critical Infrastructure projects enhancing urban mobility. Track the company's integration of AI-driven design tools and sustainable construction practices across global operations.
Bookmark this page for reliable updates on Parsons' engineering breakthroughs, government partnerships, and technological investments. Check regularly for insights into how PSN addresses complex infrastructure demands through its employee-owned operational model.
Parsons (NYSE:PSN) received the 2024 Innovation Transportation Solutions Award from WTS Colorado for their East Colfax Avenue Bus Rapid Transit (BRT) project. The project was commended for its design excellence and collaboration with various stakeholders, including the City and County of Denver Department of Transportation and Infrastructure (DOTI), City of Aurora (COA), Colorado Department of Transportation (CDOT), Federal Transit Administration (FTA), Denver Regional Council of Governments (DRCOG), and Regional Transportation District (RTD). The project features sustainable and resilient design attributes supporting public health and safety, local structures, and community amenities. Parsons looks forward to advancing similar projects in the area.
Sealing Technologies, a Parsons Company, is ramping up production of its SN 4500 servers, offering a cost-effective, open-architecture mission flexible compact 1U form factor. The SN 4500 allows for easy data transfer between classifications and sensitivity levels, with the ability to adopt future upgrades for GPUs, DPUs, Raid Controllers, and other PCIe devices. It serves multiple roles, from network sensors to gateway firewalls, providing unmatched versatility in a compact design.
Parsons reports strong first quarter 2024 results with record revenue of $1.5 billion, a 31% year-over-year increase. The company experienced organic revenue growth of 29% and adjusted EBITDA increased by 56% to $141 million. Despite a net loss of $107 million due to a charge related to a partial repurchase of convertible notes, Parsons remains optimistic, raising fiscal year 2024 guidance across all financial metrics.
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